KL office rental rates under pressure
A large supply of office space continued to weigh on rental rates in Kuala Lumpur, KL Fringe and Beyond KL (Selangor) in 3Q2015, while the overall market is expected to remain gloomy until year end.
A large supply of office space continued to weigh on rental rates in Kuala Lumpur, KL Fringe and Beyond KL (Selangor) in 3Q2015, while the overall market is expected to remain gloomy until year end.
BANGKOK (Dec 9): International real estate consultant firm CBRE has published a market view report of Bangkok’s office, luxury hotel and retail sectors for 3Q2015.
MRCB-Quill REIT (Oct 23, RM1.
HONG KONG (Oct 20): Grade-A office rents in Central Hong Kong are expected to increase 10% this year and another 5% in 2016, due to sustained demand and low vacancy rates as recorded by Knight Frank in its Hong Kong Monthly Property Market Report for September 2015.
THE office markets in Kuala Lumpur and Beyond Kuala Lumpur (Selangor) remained firm in 2Q despite completions with a total NLA of 1.
HONG KONG (Sept 1): The recovery of Hong Kong office market has renewed investor interest in en bloc properties, according to JLL Asia Pacific Office Investment Highlights Mid-Year Review 2015.
India's financial capital Mumbai, will add between 12 million to 15 million sq ft of office space, an increase of about 16%, to its current Grade A office stock of 96 million sq ft in the next two years, according to JLL India research.
KUALA LUMPUR (June 22): Axis REIT Managers Bhd (ARMB), the manager of Axis Real Estate Investment Trust (Axis-REIT), is acquiring an industrial facility in Port Klang, Selangor from Haisan Resources Bhd for RM46 million cash on an acquisition and leaseback arrangement.
KUALA LUMPUR (June 10): GuocoLand (Malaysia) Bhd held a “topping out” ceremony for its RM2.