News about office

GDB Holdings Bhd (March 12, Unlisted) IPO fair value (FV) at 41 sen.

  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.

KUALA LUMPUR (Feb 27): UEM Sunrise Bhd said today Raymond Cheah Ho Chee will cease as chief operating officer of the property developer upon the completion of his employment contract tomorrow (Feb 28, 2018).

PETALING JAYA (Jan 29): The outlook for Kuala Lumpur and beyond Kuala Lumpur (Selangor) office markets continues to be gloomy, Knight Frank Malaysia said in a report today.

PETALING JAYA (Jan 22): The Kuala Lumpur office market is likely to remain subdued due to supply glut, with developments such as Tun Razak Exchange (TRX), Merdeka PNB 118 and Sapura Tower nearing completion, said property consultancies Edmund Tie & Co (SEA) Pte Ltd and Nawawi Tie Leung Property Consultants Sdn Bhd in their “Kuala Lumpur Q4 2017: Retail sector was undergoing stress test” report.

PETALING JAYA (Dec 18): The prime office market in Kuala Lumpur is forecast to be weaker for the next 12 months, according to Knight Frank’s Asia Pacific Prime Office Rental Index 3Q17.

LONDON (Nov 27): In a cramped apartment in an industrial zone in south London, Sandra Rumkiene recounts her struggles to bring up a baby as one of a growing number of poor families forced to live in temporary housing.

KUALA LUMPUR (Nov 7): IJM Corp Bhd is constructing an office building for HSBC Bank Malaysia Bhd in Kuala Lumpur city centre, at a contract sum of approximately RM392 million.

PETALING JAYA (Oct 27): The Purpose-Built Office (PBO) Rental Index for Klang Valley, Johor Bahru, and George Town grew in the second quarter of 2017 (2Q17) from a year ago, according to the “Economic Report 2017/2018”.

PETALING JAYA (Oct 27): The non-residential property subsector grew by 4.