News about Kuala Lumpur

2015 was not a great year for the Malaysian property market.

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.

AGAINST a backdrop of softening demand, a weak economy and cooling measures, market sentiment in the high-end condominium segment in Kuala Lumpur is expected to remain cautious, says Knight Frank Malaysia in its Real Estate Highlights 2H2015 report.

PETALING JAYA (Feb 23): The property market will pick up in 2Q to 3Q2016 – after the festive seasons from the end of last year until the end of this month – as demand is still strong from genuine buyers in the secondary market, said principal of Synergy International Realtors Terry Wong (pictured, centre).

KUALA LUMPUR (Feb 19): Residents of Jalan Kasah in Medan Damansara, Kuala Lumpur, do not want their residential terrace houses to be converted for limited commercial use by City Hall.

KUALA LUMPUR (Feb 19): I-Bhd will be eyeing projects worth RM1.

TOWARDS the end of last year, the Lee Rubber Building on Jalan Tun H S Lee near Kuala Lumpur’s Chinatown, was put up for sale by the Lee Rubber Group.

Click here to check out the listings for Leisure Farm Resort (pictured).

PETALING JAYA (Feb 16): Singapore-listed property developer Oxley Holdings Ltd (Oxley) has announced it will open its 207-room So Sofitel Hotel and a 590-key So Sofitel Residences in the heart of Kuala Lumpur City Centre (KLCC) area in 2020, it said in a press statement today.

KUALA LUMPUR (Feb 16): Stakeholders in Brickfields, Kuala Lumpur, hope that a new RM26 million Kuala Lumpur City Hall-built car park on Jalan Thambipillay will reduce illegal and haphazard parking in the area.