News about Kuala Lumpur

CONGRATULATIONS! So you have finally sealed the deal on your new home.

Sold for: RM1.

URBAN regeneration agency Think City Sdn Bhd has only been in Kuala Lumpur for a year, but it is already involved in some exciting projects.

WHO: A native of Kuala Lumpur, Shahril Faisal (pictured, right) as a boy expressed an innate love for building and making things out of Lego bricks and clay, transforming them into “any desired form and construction”, he says.

RATHER than being just an art form, architecture should be the art of problem-solving, said Rocco S K Yim, executive director and founder of Hong Kong-based Rocco Design Architects, at the Datum:KL 2015 International Architectural Design Conference.

STRATA living is the norm in land-scarce areas such as Kuala Lumpur and other cities in Malaysia.

Sold for: RM2,150,000 Concluded by: Terence Yap of One Sunterra Properties Sdn Bhd (012-210 3557) When: December 2015 Noteworthy: • Freehold • Built up: 2,500 sq ft • Land size: 3,300 sq ft • 5 bedrooms and one utility room According to the agent, Terence Yap of One Sunterra Properties Sdn Bhd, the property is located along Jalan Desa Mesra, which happens to be a popular street in Taman Desa.

KUALA LUMPUR (April 13): MRCB-Quill Real Estate Investment Trust (MQREIT) does not expect to be significantly affected by the current office space oversupply, as only 7% of its net lettable area (NLA) will be up for renewal in July.

PETALING JAYA (April 11): Singaporean hotel and serviced residences operator Far East Hospitality (FEH) is upbeat about Malaysia’s tourism industry and is poised to take advantage of an anticipated growth in international tourist arrivals to the country, said CEO Arthur Kiong.

Malaysian real estate investment trust (M-REIT) sector Maintain overweight: We currently maintain “overweight” on the sector and continue to prefer retail M-REITs (Pavilion REIT and IGB REIT) over non-retail or diversified M-REITs.