Companies scaling back on office space per head
PETALING JAYA (March 24): Companies are more sensitive and cautious in their spending on office space compared with 20 to 30 years ago, said JLL country head for Malaysia YY Lau.
Glomac to roll out RM627m worth of properties in 2HFY16
KUALA LUMPUR (March 24): Property developer Glomac Bhd said it plans to roll out RM627 million new launches in the second half of the financial year ending April 30, 2016 (2HFY16), where four out of the five planned projects are in the affordable landed residential segment.
2015 household debt stays elevated
KUALA LUMPUR (March 24): The level of household debt-to-gross domestic product (GDP) ratio continued to be elevated at 89.
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.
Sentoria clinches construction contracts worth RM110m
KUALA LUMPUR (March 23): Property developer cum resort operator Sentoria Group Bhd bagged two development projects in Kuantan and Sepang that are collectively worth some RM110 million.
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.
