Headwinds in the office market thanks to supply glut

PETALING JAYA (Jan 22): The Kuala Lumpur office market is likely to remain subdued due to supply glut, with developments such as Tun Razak Exchange (TRX), Merdeka PNB 118 and Sapura Tower nearing completion, said property consultancies Edmund Tie & Co (SEA) Pte Ltd and Nawawi Tie Leung Property Consultants Sdn Bhd in their “Kuala Lumpur Q4 2017: Retail sector was undergoing stress test” report.

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Half of new high-end homes supply to come from city centre

KUALA LUMPUR (Jan 22): A further 6,176 units of high-end condominiums are expected to come onstream this year, with half of that amount from the city centre, said property consultancies Edmund Tie & Company (SEA) Pte Ltd and Nawawi Tie Leung Property Consultants Sdn Bhd.

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Penang tunnel probe: 'Datuks' released on bail

PUTRAJAYA (Jan 19): The two “Datuks” held by the Malaysian Anti-Corruption Commission (MACC) (pictured) to assist investigations into alleged corruption over the Penang undersea tunnel project were released on bail today, Bernama reported.

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