Malaysian retail malls' occupancy at 79% in 2019, offices at 81%
PETALING JAYA (April 29): The shopping complex or retail property sector's performance was stable last year, recording an overall occupancy rate of 79.
Property overhang down 5% in 2019 but serviced apartment segment spiked
PETALING JAYA (April 29): The residential property overhang and unsold residential property situation in the country improved last year (2019).
G City Club Hotel shuts down after a decade of operations
KUALA LUMPUR (April 29): G City Club Hotel Sdn Bhd has ceased operations after a decade of being in the hospitality business, as the Covid-19 pandemic became the last straw for the company, which has been suffering losses over the past few years.
Crowded Sea Park market ordered to be closed by council
PETALING JAYA: Failure of the privately-owned Sea Park wet market management to control the crowd and ensure social distancing has forced the Petaling Jaya City Council to order a closure, the Star reported today.
Allow property developers to operate, Mah Sing urges govt
KUALA LUMPUR (April 29): Lauding the government’s decision to allow approved businesses to fully resume their operations from today, Mah Sing Group Bhd said Putrajaya should also consider lifting the lockdown for the property sector.
Starting today, shopping in pairs allowed during MCO
KUALA LUMPUR (April 29): Starting today, a person going out to purchase food or daily necessities during the movement control order (MCO) may be accompanied by one family member staying in the same house, according to an updated regulation by the Ministry of Health.
Inspector claims trial to trafficking two Mongolian women for sex
KUALA LUMPUR (April 29): A police inspector charged with trafficking and power abuse to exploit two Mongolian women for sex has claimed trial at the Sessions Court in Klang today, Malaysiakini reported.
Pregnant woman walks across Johor causeway with toddler
KUALA LUMPUR (April 29): A Malaysian mother who is expecting her second child walked across the Johor-Singapore Causeway with her luggage and two-year-old son to return home, according to a Malaysiakini report.
DONE DEAL: Office at The Gardens South Tower, Mid Valley City, Kuala Lumpur
Rented for: RM34,034 (RM7psf) Concluded by: Victor Lim (REN 09135)(019-280 2788) of CBD Properties Sdn Bhd When: December 2019 Noteworthy: ● Leasehold ● Built-up: 4,862 sq ft ● MSC-status Grade A office ● Connected walkway to mall ● Facilities: 24-hour security, centralised air-conditioning, CCTV surveillance in public area, covered parking, and high-speed broadband.
GALLERY Goings on at Taman Megah and Jalan Othman (Old Town) markets
Both the Taman Megah and Jalan Othman (Old Town) markets were recently closed for cleaning and disinfection as traders there were found to have been infected by the Covid-19 virus.
