PROPERTY SNAPSHOT 4: What’s hot in Kerinchi/Pantai?
• Today, we look at price growth and indicative asking rental yields for non-landed residences in the district of Kerinchi/Pantai.
KL CBD office demand to outstrip new supply in 2018
PETALING JAYA (March 23): Kuala Lumpur’s central business district (CBD) office market – which includes the Kuala Lumpur City Centre (KLCC), the Golden Triangle and the city centre’s older commercial area – is expected to see higher absorption rates from 2016 to 2018, with demand expected to overtake new office supply of about 1.
Binastra Land in talks with AccorHotels for new hotel brand
PETALING JAYA (March 23): Binastra Land Sdn Bhd, a wholly-owned subsidiary of Binastra Group, is in talks with AccorHotels Group to bring in a new hotel brand to its upcoming mixed development ION at Jalan Sungai Besi, said Binastra Land executive director Datuk Ong Theng Soon.
IOI Properties to launch Conezion this weekend
KUALA LUMPUR (March 23): IOI Properties Group Bhd plans to officially launch two residential blocks of its new freehold mixed development Conezion @ IOI Resort City at Putrajaya this weekend.
UEM Sunrise Signature Selection campaign achieves RM215m sales
PETALING JAYA (March 23): UEM Sunrise Bhd has sold a total of 129 properties worth RM215 million across the central and southern regions following its two-month Signature Selection campaign held late last year.
PROPERTY SNAPSHOT 3: What are developments priced in Kerinchi/Pantai?
• Today, we continue our focus on Kerinchi/Pantai by looking at average prices on a per square foot (psf) basis.
Asia Pacific office space demand up by 33% in 2015
PETALING JAYA (March 22): Despite the slowdown in the property market, demand for Asia Pacific’s office space increased by 33% in 2015 compared with 2014, said JLL’s head of research of Asia Pacific capital markets Megan Walters.
Homes in this price range saw the biggest drop in 2015
PETALING JAYA (March 22): Transactions for homes priced from RM400,001 to RM500,000 fell by almost half to 14,755 units in 2015 from 28,769 units in 2014, according to the National Property Information Centre’s (Napic) preliminary overview market report.
4,000 Bandar Bukit Raja households celebrate Earth Hour
PETALING JAYA (March 22): About 4,000 households in Bandar Bukit Raja celebrated Earth Hour together with the developer, Sime Darby Property Bhd, last Saturday.
Thriven Global to launch Lumi Tropicana Soho suites early May
PETALING JAYA (March 22): Thriven Global Bhd plans to unveil the 2-storey Soho (small office-home office) suites of Lumi Tropicana early May this year, with indicative selling prices from RM600,000.
