Property slowdown may not be just a sectoral problem
PROPERTY market cycles come and go, but with prolonged weakness, the current slowdown could point to a much larger economic issue.
Almost half of Oakland Commercial Centre phase 4F's shops/offices sold at launch
PETALING JAYA (May 31): Oakland Commercial Centre II phase 4F in Seremban, Negeri Sembilan has received encouraging response with 40% of its 182 shop units and offices taken up during a launch on May 15, 2016.
CapitaLand Commercial Trust proposes to buy remainder 60% interest in CapitaGreen for S$393m
SINGAPORE (May 23): CapitaLand Commercial Trust (CCT) has proposed to acquire the remainder 60% interest in Grade A office tower CapitaGreen for S$393 million.
PROPERTY SNAPSHOT 3: What are developments priced in Jalan Ipoh?
• Today, we continue our focus on Jalan Ipoh’s non-landed homes by looking at average prices on a per square foot (psf) basis.
Doors still open for the application of selected commercial developments in KL
KUALA LUMPUR (March 30): Although Kuala Lumpur City Hall (DBKL) has restricted approvals to develop new hotels, luxury apartments and office developments, the authorities will still allow applications for selected mixed commercial developments, said Federal Territories Minister Tengku Adnan Tengku Mansor.
Specialist commercial property favourite of UHNWI, says Knight Frank
KUALA LUMPUR (MARCH 18): Specialist commercial real estate sector has become an established favourite of ultra-high net wealth individual (UHNWI) investors over the past decade, according to international property consultancy Knight Frank.
GST slowed down launches of commercial units
PETALING JAYA (March 9): The Goods and Services tax (GST) which was introduced in April last year has reduced demand for commercial properties in the market due to the additional 6% cost that buyers have to pay, said Real Estate and Housing Developers’ Association Malaysia (Rehda) deputy president Datuk Soam Heng Choon.
Medan Damansara residents oppose commercialisation of houses
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.
The Ascent Paradigm Offices 50% taken up
PETALING JAYA: The Ascent Paradigm by WCT Holdings Bhd (WCT), which opened in the third quarter of last year, has seen half of its 504,084 sq ft total net lettable area taken up.
Sandy Wong finds her calling in project marketing
SANDY WONG, the team leader at MPG Property Solution specialises in selling property developers’ projects in Johor Bahru and Klang Valley.
