News about l

PETALING JAYA (March 24): Bukit Bintang City Centre’s (BBCC) serviced apartments – which will be open for a public preview this weekend – will be priced indicatively at RM1,600 psf, said a personnel from developer BBCC Development Sdn Bhd.

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.

Property sector Maintain neutral: Among our coverage universe, Matrix Concepts Holdings Bhd is the only developer that has managed to achieve positive growth in full-year sales (+28% year-on-year [y-o-y]) mainly due to its focus on the affordable mass market with a pricing range of below RM600,000.

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.

KUALA LUMPUR (March 24): The level of household debt-to-gross domestic product (GDP) ratio continued to be elevated at 89.

•    Today, we look at price growth and indicative asking rental yields for non-landed residences in the district of Kerinchi/Pantai.

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.

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.

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.

•    Today, we continue our focus on Kerinchi/Pantai by looking at average prices on a per square foot (psf) basis.