Kuala Lumpur office glut could worsen, property report warns
Nationwide office occupancy rates fell to 77.
Nationwide office occupancy rates fell to 77.
Demand for older, non-prime offices continues to decline as tenants favour modern, energy-efficient spaces in well-connected locations in newer prime office buildings.
Ijok, Selangor industrial land sold for RM6.
Developed by Tan & Tan Developments Berhad, is the final phase of shop offices in Kundang Jaya offering only 38 units of freehold, 2-storey shop offices designed for high visibility and growth in a rising catchment.
Taman Midah, Kuala Lumpur factory sold for RM5.
The SFO scheme in Forest City is backed by a zero-tax incentive—first announced in September 2024—targeted at attracting ultra-high-net-worth individuals and family investment entities into Malaysia.
Damansara Heights home with great potential, sold | DONE DEAL Desa ParkCity condo with stunning views sold (Westside III) | DONE DEAL Plaza Damansara in Damansara Heights is a well-known commercial area with a mix of offices, shops, and places to eat.
The properties, located on levels five and six of Ho Hup Tower in Plaza Bukit Jalil, are being sold to Premium Realty Sdn Bhd and Sensecube Sdn Bhd respectively, both of which are wholly owned units of Insas.
“Continued observations of preferences for more flexible tenancy contracts and hybrid work arrangements suggest adjustments in supply still have some way to go.
The two new Regus locations will add to IWG’s existing network of 45 centres across the country under its Regus, Spaces, HQ and Signature brands KUALA LUMPUR (Feb 21): Hybrid workspace provider International Workplace Group (IWG) is opening two new Regus offices in Malaysia — Regus Menara Public Gold in Kuala Lumpur in June and Regus Troika Kota Bharu in Kelantan in July.