KUALA LUMPUR (March 12): Despite concerns about oversupply of retail space in urban areas -- with many shopping mall projects nearing completion -- retail consultant Tan Joon Kai (pictured) sees great prospect for suburban shopping malls in maturing neighbourhoods in the Klang Valley.
PETALING JAYA (Mar 1): The retail space in Klang Valley will hit the 60 million sq ft mark in 2017, said Savills Malaysia managing director Allan Soo.
KUALA LUMPUR (Feb 25): Paramount Corp Bhd is doubling its property launches this year to RM770 million, from RM313 million in 2015, and aiming to have RM480 million new sales for the financial year ending Dec 31, 2016 (FY16).
KUALA LUMPUR (Feb 23): About 72% of property developers, fund and real estate investment trust (REIT) managers and lenders intend to invest in commercial properties in 2016, despite 57% of respondents saying they are less optimistic on the sector’s outlook, according to a new survey by global property consultancy Knight Frank.
KUALA LUMPUR (Feb 10): Property consultancy firm Rahim & Co highlights the possibility of more consolidation of the Klang Valley's retail space this year as more malls are launched, contributing to a growing glut in the sector.
KUALA LUMPUR (Jan 21): Klang Valley office rental growth is expected to be under pressured owing to the new supply of 10 million sq ft coming on stream over the next two years, according to Knight Frank Malaysia Sdn Bhd managing director Sarkunan Subramaniam (pictured).
KUALA LUMPUR (Dec 21): Shahfizul and Halida, a couple in their late 20s, said they had to give up a lot to purchase their first property, a RM460,000 home in the Klang Valley, and can't make further sacrifices as they live out their 35-year term loan.
KUALA LUMPUR (Dec 16): Gamuda Bhd saw its net profit fall 13% to RM161.
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