DONE DEAL: Office unit in Arcoris Business Suites, Mont'Kiara, Kuala Lumpur
Rented for: RM3,500 (RM2.
WORQ secures RM10m funding to expand into RM3b flexi-office market
KUALA LUMPUR (Sept 23): Malaysia-based coworking space operator WORQ has secured RM10 million in funding from seven follow-on investors that include the Singapore independent fund management company Phillip Capital Management.
KL33 Properties introduces industry’s first Covid-19 secure office
KUALA LUMPUR (Aug 19): KL33 Properties today unveiled the industry’s first ‘Covid Secure’ office space at Menara KL33, an integrated commercial building located in Kuala Lumpur Golden Triangle.
Report: Hong Kong's Kwok family loses US$8b in a single year
KUALA LUMPUR (Aug 5): The Kwok family’s Sun Hung Kai Properties “has seen its fortune shrink by almost US$8 billion (RM33.
Malaysia overtakes Hong Kong in flexible workspace market
KUALA LUMPUR (July 30): Malaysia has overtaken Hong Kong in the flexible office space market, which has seen a third successive year of high growth.
New norm in workplace putting pressure on office rentals growth
PETALING JAYA (July 27): Despite office rents generally remaining stable, the resizing measures taken by some companies due to Covid-19 pandemic are likely to result in downward pressure on rentals and occupancy rates in the short-term, said Nawawi Tie Leung Property Consultants.
Majority of Asia Pacific employees eyeing office return, says JLL
KUALA LUMPUR (July 23): Employees across Asia Pacific have adapted to extensive work-from-home arrangements, but most are eager to return to the office, according to JLL.
Top pandemic-driven trends in office spaces
One of the side effects of the Covid-19 pandemic is that companies now realise that having their employees working from home is a viable option.
Pandemic puts downward pressure on office rents and occupancy
KUALA LUMPUR (July 14): Knight Frank Malaysia expects the Covid-19 pandemic to exert downward pressure on rental and occupancy levels in the oversupplied Klang Valley office market as the gap between supply and demand continues to widen amid weaker office demand and shrinking pool of tenants, it said in its latest Real Estate Highlights for 1H2020.
Japan's Fujitsu to reduce office space by 50% over the next 3 years
KUALA LUMPUR (July 7): Fujitsu Ltd has announced plans to slash office space in Japan by 50% over the next three years, Bloomberg reported yesterday.
