News about JLL

AT JLL’s auction on April 28, a 1,604 sq ft unit at OUE Twin Peaks was put up for sale.

THERE were mixed views among real estate experts as to when the property market would rise from its current slumber.

THE outlook for Malaysia’s property market may not be bright at the moment but JLL Property Services (Malaysia) Sdn Bhd country head and managing director YY Lau (pictured) thinks pockets of opportunities can be found if you know where to look.

PETALING JAYA (March 24): Companies are more sensitive and cautious in their spending on office space compared with 20 to 30 years ago, said JLL country head for Malaysia YY Lau.

  CHENNAI (Feb 15): Chennai recorded a 62% drop in new property launches in 2015 compared to 2014, due to a lot of existing supply in the market, according to JLL India.

MUMBAI (Sept 23): A good 69% of unsold property inventory (within the Brihanmumbai Municipal Corp limits) is of units worth more than INR one crore (about RM658,000) each, amounting to 30,501 units out of a total 44,032 reported JLL India.

BANGALORE (Sept 10): Bangalore's residential property inventory overhang hit new peaks at 32 months, with more than 84,000 unsold housing units by the end of 2Q15, reported JLL India.

Source: JLL Singapore SINGAPORE (Sept 3): Shunfu Ville, a 358-unit residential project in Upper Thomson, is up for collective sale with a minimum price of S$688 million (RM2.

KUALA LUMPUR (Aug 27): To allay buyers’ fears of completion delays, India’s real estate developers must exhibit construction progress, said Jones Lang Lasalle (JLL) India assistant vice-president for research and real estate intelligence service Suvishesh Valsan.

MUMBAI (Aug 18): India’s property developers are adopting the fast-moving consumer goods (FMCG) industry’s “sachet marketing strategy” from the late 1990s in a bid to whet buyers’ appetites, said JLL India chairman chairman and country head Anuj Puri (pictured).