News about commercial

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.

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.

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.

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.

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.

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.

KUALA LUMPUR (July  31): In conjunction with the 2nd Asean Franchise Expo & Symposium 2015 (AFES 2015), the Asean Retail-Chains & Franchise Federation (ARFF) is introducing the Asean Property Expo 2015 (APE 2015) to showcase Malaysian commercial properties.

PETALING JAYA (May 28): If you had RM1 million, what property would you buy? This was the question put to several participants of The Edge Investment Forum on Real Estate 2015 recently.

BANGALORE (April 10): India continues to witness healthy transactions in its commercial market, the Jones Lang LaSalle Pvt Ltd (JLL) India Monthly Real Estate Monitor said in February.