KL office rental rates under pressure
A large supply of office space continued to weigh on rental rates in Kuala Lumpur, KL Fringe and Beyond KL (Selangor) in 3Q2015, while the overall market is expected to remain gloomy until year end.
A large supply of office space continued to weigh on rental rates in Kuala Lumpur, KL Fringe and Beyond KL (Selangor) in 3Q2015, while the overall market is expected to remain gloomy until year end.
KUALA LUMPUR (Nov 12): Property developer Selangor Dredging Bhd's (SDB) associate company SDB Guernsey Ltd has entered into a sale and purchase agreement (SPA) with AL.
PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim.
HONG KONG (Oct 30): Prime street shops rents are expected to drop further across all major retail districts in Hong Kong, including Hong Kong Central, Causeway Bay, Tsim Sha Tsui and Mong Kok,according to the latest Hong Kong Monthly Property Market report by Knight Frank.
KUALA LUMPUR (Oct 29): Kuala Lumpur has been named one of the world’s top five cities to watch because of its plans for public transport, said international property firm Knight Frank in its Global Cities report.
KUALA LUMPUR (Oct 28): Malaysia is the third biggest Asian investor in the real estate market of the UK and Australia, The Star Online reported.
HONG KONG (Oct 28): House prices here are not expected to drop significantly in the near term, said Knight Frank in a recent report.
HONG KONG (Oct 20): Grade-A office rents in Central Hong Kong are expected to increase 10% this year and another 5% in 2016, due to sustained demand and low vacancy rates as recorded by Knight Frank in its Hong Kong Monthly Property Market Report for September 2015.