PETALING JAYA (March 23): Kuala Lumpur’s central business district (CBD) office market – which includes the Kuala Lumpur City Centre (KLCC), the Golden Triangle and the city centre’s older commercial area – is expected to see higher absorption rates from 2016 to 2018, with demand expected to overtake new office supply of about 1.
KUALA LUMPUR (March 16): Servcorp Malaysia has launched its new serviced office suites and virtual offices here in Menara Ilham along Jalan Binjai today.
• Today, we look at price growth and indicative asking rental yields for non-landed residences in the district of Brickfields.
• Today, we continue our focus on Brickfields by looking at average prices on a per square foot (psf) basis.
• Since its inception in the early 2000s, KL Sentral has transformed the once sleepy Brickfields area into a veritable cosmopolitan hub.
• This week, the spotlight falls on the secondary market of non-landed residences in Brickfields and the integrated transport hub of KL Sentral.
SUBANG JAYA (Feb 26): Titijaya Land Bhd will be unveiling the last block of its H2O Residences at Ara Damansara in Petaling Jaya early next month, according to the company’s executive director Charmaine Lim (pictured, below).
Rented for: RM4,695 per month or RM5 psf (including 6% GST) Concluded by: Jaimie Lee of Property Hub Sdn Bhd (012-281 9182) When: December 2015 Noteworthy: * Built-up: 939 sq ft * The only unit with this built-up on the entire floor * High floor, facing east overlooking the Pantai area * Partly furnished with air-conditioning units, flooring and pantry * MSC-status-certified office building The Vertical comprises two office buildings and the above mentioned unit is located in The Vertical II Office Suites, also known as Tower B.
BELIEVE it or not, the year 2015 can be considered one of the most vibrant in the history of the local property sector despite a general slowdown.
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