News about ICE

  The current oversupply of office buildings especially in the Klang Valley has been plaguing the industry in recent years, but are we seeing any light at the end of the tunnel? How attractive are we as an office destination to global businesses? At TheEdgeProperty.

A strategic location and great connectivity to three major cities — Singapore, Jakarta, and Kuala Lumpur — has made Batam an alluring destination for MICE (meetings, incentives, conferences and events).

SINGAPORE (May 2): The trustee manager of CapitaLand Commercial Trust (CCT) has entered into an agreement to divest One George Street into a concurrently-formed limited liability partnership – One George Street LLP (OGS LLP), which CCT has established with joint venture partner OGS (II), a special purpose vehicle owned by insurer FWD Group.

KUALA LUMPUR (April 25): SCM Property Services Sdn Bhd, a wholly-owned subsidiary of UEM Sunrise Bhd, will be introducing a one-stop real estate management service concept in collaboration with eight real estate agencies.

KELANA JAYA: The most crucial factor in securing a housing loan with the desired financing margin is to have a high debt service ratio, according to Malayan Banking Bhd (Maybank) head of consumer finance Abdul Razak Mohd Nordin.

PETALING JAYA (April 18): The average occupancy rate for offices in Kuala Lumpur declined to 77.

KUALA LUMPUR (April 18): AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) aims to acquire “trophy assets” in the immediate term, despite the softening property market, said Amanah Raya Bhd’s (ARB) group managing director Adenan Md Yusof.

PETALING JAYA (April 14): Property developer Stellar World Sdn Bhd is set to launch the first serviced suites project at The Gateways integrated development in Perak this Saturday (April 15).

KUALA LUMPUR (April 11): Naza TTDI Sdn Bhd has forged a strategic partnership with Triterra Metropolis Sdn Bhd (Triterra) to kick-start an office development dubbed The MET Corporate Towers at the 75.

MIAMI (March 30): Mice began infesting human settlements some 15,000 years ago in the Middle East, said a study recently that suggested the little rodents have been scurrying underfoot far longer than previously thought.