News about Property Market

“Major developers remain confident on the long term outlook with Johor continuing to be an important market.

According to the JLL’s study, newly-completed ESG-compliant office buildings in Greater KL command higher occupancy rates at 80% to 90%, with average achievable rents exceeding non-green buildings.

KL’s industrial market saw completions in 1H2024 with approximately 1.

Speaking at the launch of JLL Malaysia’s 2Q2024 Greater Kuala Lumpur (KL) Property Market Monitor on Wednesday, JLL Malaysia managing director Jamie Tan said that the upward price trend for both primary and secondary markets is due to inflation, as well as the rising of construction cost and building material prices.

Maybank Investment Bank Research analyst Wong Wei Sum upgraded the property sector to “positive” from “neutral” previously, on grounds of value emergence.

The URA policy for redevelopment on single buildings and its ad hoc planning on piecemeal plot basis is not a holistic approach to address the overall slum neighbourhood problem.

To sustain the infrastructure investment level in the face of reductions in the central government capital grants, countries need to embrace the idea of sub-national entities accessing private finance for investments in public infrastructure and services.

Neighbours around the site include brewer Carlsberg Brewery (Malaysia) Bhd, integrated agro-based business group QL Resources Bhd and frozen food manufacturer Kawan Food Bhd.

At one time, the development sector found itself navigating through turbulent waters amid a dramatic surge in legal cases with estimated claims of a whopping RM48,819 million with respect to the EOT granted between 2016 to 2020.

“International orders are coming in fast.