Office occupancy rates down in 1Q2018 while supply creeps up
PETALING JAYA (June 29): The occupancy rate for purpose-built office buildings in the country dipped slightly in the first quarter of 2018 (1Q2018) to 77.
PETALING JAYA (June 29): The occupancy rate for purpose-built office buildings in the country dipped slightly in the first quarter of 2018 (1Q2018) to 77.
PETALING JAYA (June 29): The Malaysia property market is expected to see a surge in supply of residential properties in the near future as the number of unsold residential units from launched projects that are under construction and those yet to be constructed, have climbed in 1Q2018.
PETALING JAYA (June 29): Retail space occupancy rate has decreased to 80.
PETALING JAYA (June 28): The number of unsold residential properties in the country has risen significantly over the first quarter of 2018.
Despite missing the tourist arrival target in 2017, industry experts remain upbeat about the Malaysian hospitality sector.
Many expect clarity to the political landscape in Malaysia after the 14th General Election (GE14) which will be held next week.
KUALA LUMPUR (May 3): The overall property market is expected to stabilise this year, underpinned by the improving Malaysian economy that had recorded 5.
PETALING JAYA (April 26): With the current freeze on new approvals for luxury residential properties, developers are focusing on launching more affordable units and clearing completed unsold stock, said property consultancies Edmund Tie & Co (SEA) Pte Ltd and Nawawi Tie Leung Property Consultants Sdn Bhd.
PETALING JAYA (April 4): While there is an oversupply of shopping complexes and office spaces, it is not the case with residential properties as Malaysia is still short of 3.
KUALA LUMPUR (Jan 23): Although salary growth has kept pace with growth in property prices, basic salaries are still low compared with average property prices.