IOI Properties secures S$1.6b long-term financing for S’pore JV, say sources
PETALING JAYA (March 10): IOI Properties Group Bhd has secured S$1.
New office space in Greater KL to be absorbed in seven years, says consultant
KUALA LUMPUR (March 9): New office space in Greater Kuala Lumpur coming up over the next four years will take seven years to be absorbed, chairman of property consultancy Savills Malaysia Sdn Bhd Christopher Boyd told The Malaysian Insight today The increase of 21 million sq ft will take seven years to be occupied at “an optimistic calculation of 2.
Felda says it has regained possession of Jalan Semarak land
KUALA LUMPUR (March 9): The Federal Land Development Authority (Felda) has confirmed today that the 16 parcels of land in Jalan Semarak involved in a dubious land ownership transfer deal has been re-registered under its name.
Nudie pix in S’pore property listing sparks investigation
PETALING JAYA (March 9): A property listing for a mansionette in Choa Chu Kang, Singapore, featuring a nude shot of a man has prompted the Council for Estate Agencies (CEA) — which regulates the island republic’s real estate industry — to investigate the incident, reported the Straits Times.
S P Setia to buy rest of Setia Federal Hill for RM431.89m
KUALA LUMPUR (March 9): S P Setia Bhd yesterday entered into a sale and purchase agreement with Mekar Gemilang Sdn Bhd to acquire the remaining 50% stake in Setia Federal Hill for RM431.
EcoWorld aware of women's influence in the workplace
KUALA LUMPUR (March 8): Property developer Eco World Development Group Bhd (EcoWorld) held its third instalment of the EcoWorld Women's Summit today.
Third-tier shopping mall performance may worsen, says REIT manager investment head
PETALING JAYA (March 8): Axis REIT Managers Bhd head of investment Siva Shanker expects the performance of third-tier shopping malls to worsen, with these spaces eventually becoming store rooms for e-commerce businesses, if they do not stay relevant.
Platinum Victory’s PV18 Residence 50% taken-up
KUALA LUMPUR (March 8): Platinum Victory Development Sdn Bhd’s PV18 Residence has registered a 50% take-up rate since its weekend launch held on March 3.
Property cooling measures to continue despite less speculative demand, says economist
PETALING JAYA (March 8): Professor of economics at Sunway University Business School Dr Yeah Kim Leng expects real estate cooling measures to continue despite speculative demand evaporating, as affordability is still a concern.
‘Companies should tap soft market to relocate and retain talent’
KUALA LUMPUR (March 7): The current soft office market in Greater KL offers companies an opportunity relocate to better locations in order to retain talent, said training, recruitment and consultancy firm Smart Trends International Sdn Bhd chief operating officer Mahes Balakrisnan.
