KUALA LUMPUR (Feb 13): Shopping malls in Malaysia currently operate in an environment of high operating costs amid lower consumer spending, according to a latest survey by the Malaysia Shopping Malls Association (PPK).
KUALA LUMPUR (Feb 13): The developer of Bukit Bintang City Centre (BBCC) is unfazed by the office supply glut that is haunting the Klang Valley property market now, saying the RM8.
KUALA LUMPUR (Feb 13): Sarawak-based engineering and construction group Hock Seng Lee Bhd (HSL) is all out to cater to the rising demand for affordable housing in the state’s major urban centres, especially Kuching.
IN less than two years, Singapore-based Lee Rubber Co (Pte) Ltd has divested itself of at least four assets in Malaysia, namely in Johor, Kuala Lumpur and Penang.
PETALING JAYA (Feb 10): Property prices in Johor’s Iskandar Malaysia is expected to drop in 2017 due to weak market sentiments and other challenges, but there are opportunities for developers to target buyers from overseas, said Landserve (Johor) Sdn Bhd executive director Wee Soon Chit.
Sold for: RM435,000 (RM753 psf) Concluded by: Derrick Hum (REN 10765) of Property Exchange (012-723 0309) When: October 2016 Noteworthy: ● Freehold ● 578 sq ft ● One bedroom and one bathroom ● High floor ● Facilities: Children’s playground, wading pool, gymnasium, leisure pool, lap pool, multipurpose hall, open terrace and sauna Situated on a three-acre freehold site, Desa Green is a high-density serviced apartment developed by UOA Development Bhd.
KUALA LUMPUR (Feb 9): Tanco Holdings Bhd is selling off all the unit parcels in Duta Vista Executive Suites in Kuala Lumpur to Penang-based real estate company Eternal Village Sdn Bhd for RM50 million.
SINGAPORE (Feb 8): Oxley Holdings says it is working to reduce its gearing and pursue an asset light business strategy as it continues to expand its operations overseas.
KUALA LUMPUR (Feb 8): Central London’s office take-up rate for the final quarter of 2016 has totalled 3.
PETALING JAYA (Feb 8): Chinese developers and investors have bought a total US$1.
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