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.
Newly launched Grade A projects in Kuala Lumpur recorded significant take-up from major international tenants, as occupiers gravitated to high-quality spaces with green accreditation, the report said.
Vestland intends to fund the proposed office acquisition via internally generated funds, while the proposed warehouse acquisition will be funded through a mix of internally generated funds and bank borrowings.
He attributed this growth to the country's strategic location, favourable government policies, proximity to Singapore, as well as attractively priced land, power, and water.
“We prefer players involved in the value chain of data centre construction over operators, as they also benefit from a surge in investment by hyperscalers.
It also introduced a new Master Data programme to enhance client interactions, streamline agency operations and sharpen its negotiators’ competitive edge in this new digital age.
The report also highlighted that due to significant immigration inflows into major cities in the region, home prices and rent have risen materially.
Among Southeast Asian cities, Manila had the second highest average office fit out cost at S$129 psf, followed by Bangkok at S$144 psf.
In the KL fringe market, there was also slight improvement in vacancy rate, decreasing from 7.
DONE DEAL: Shoplot, Denai Alam, Selangor DONE DEAL: Semidee house, Damansara Heights, Kuala Lumpur Previously known as the Circular Road, Jalan Tun Razak is one of the most lively thoroughfares in Kuala Lumpur’s Golden Triangle.
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