Spike in compact-size non-landed units up for auction
The volume and value of small size, non-landed residential properties have escalated last year as oversupply looms.
MRCB-Quill REIT unfazed by office space oversupply
KUALA LUMPUR (April 11): MRCB-Quill REIT (MQREIT) is confident of maintaining its performance at a desirable level despite facing oversupply issues in the office space market.
See Hoy Chan plans to inject assets into REIT?
PETALING JAYA (March 31): Property developer See Hoy Chan Sdn Bhd — which owns and manages offices, shopoffices and Starling Mall at its flagship Damansara Uptown — may plan to set up a real estate investment trust (REIT), reported The Edge weekly.
Stakeholders must collaborate to reduce severe imbalances in the retail, office segments
PETALING JAYA (March 28): The authorities, property developers, owners, and other stakeholders in the real estate sector are urged to come up with specific measures to reduce the severe imbalances in the office and shopping complex segments that threaten the rest of the economy, according to the “Financial Stability and Payment Systems Report 2017” published by Bank Negara Malaysia (BNM) today.
KL office market continues to struggle with oversupply but co-working space demand rising
PETALING JAYA (March 26): A stronger performing economy has not helped the Kuala Lumpur office property sector as it continues to struggle with an oversupply of new buildings amidst subdued leasing activities, said global consultancy firm Knight Frank.
Two Putrajaya Grade A office buildings worth RM600m up for sale
PETALING JAYA (March 24): Two Grade A office buildings in Putrajaya valued at RM600 million have been put on sale as their owner, a US-based private equity fund, is unable to pay its debt, reported The Edge weekly.
Crest Builder bags RM118m construction works contract
KUALA LUMPUR (March 20): Crest Builder Holdings Bhd said its wholly-owned subsidiary Crest Builder Sdn Bhd has won a contract for construction works in Petaling Jaya worth RM117.
CRO rebuts Malaysian Auctioneers Council claim over e-Lelong
PETALING JAYA (March 19): The Chief Registrar’s Office (CRO) of the Federal Court has repudiated claims by the Malaysian Auctioneers Council president Mustafa Osman that the e-Lelong (e-Auction) system implementation was done without properly consulting the relevant stakeholders, reported Bernama.
GDB to focus on high-rise, expand into other segments
GDB Holdings Bhd (March 12, Unlisted) IPO fair value (FV) at 41 sen.
Commercial property glut poses risk for M’sian banks
KUALA LUMPUR (March 12): Banks may face risks on their commercial property loans, as a looming oversupply of office buildings and shopping malls may lead to a correction in valuations, said a Reuters story citing a report by Moody’s dated March 9.
