Office fit-out costs in Singapore rise to S$188 psf, highest in Southeast Asia
Among Southeast Asian cities, Manila had the second highest average office fit out cost at S$129 psf, followed by Bangkok at S$144 psf.
Grade A prime office spaces continue to be in demand — JLL (Malaysia)
In the KL fringe market, there was also slight improvement in vacancy rate, decreasing from 7.
DONE DEAL: Office, Megan Avenue 1, Jalan Tun Razak, Kuala Lumpur
DONE DEAL: Shoplot, Denai Alam, Selangor DONE DEAL: Semidee house, Damansara Heights, Kuala Lumpur Previously known as the Circular Road, Jalan Tun Razak is one of the most lively thoroughfares in Kuala Lumpur’s Golden Triangle.
Shopping complex occupancy rises slightly y-o-y in 2023, office space remains flat
Based on Napic’s Property Market Report 2023 released on Wednesday, the occupancy rate of shopping complex retail space in 2023 rose to 77.
JLL Malaysia: Logistic warehouses, data centres, Grade A premium offices to have most positive growth this year
JLL Malaysia logistics and industrial team member Derek Yap said warehouse absorption in Greater Kuala Lumpur remained robust last year, as demonstrated by the strong pre-commitment level from occupiers.
Demand exceeds supply for green-certified Grade A office in KL – JLL report
Currently, the demand for green workspaces in KL is estimated to be approximately between 40% and 45% while supply only stands at 35%.
Homeowners unknowingly sold bumiputera lots, slapped with RM13m penalty fees
“The Selangor Land and Mines Office (PTGS) is refusing to release the titles unless we pay a 12% penalty.
JLL Malaysia: KL office market sees higher rents in 3Q2023 due to ESG, flight-to-quality requirements
Major office occupiers in Kuala Lumpur City comprise oil & gas (O&G), finance and banking, and flexible space operators; whereas KLF encompasses flexible space operators, information technology (IT) and commerce, BPOs and shared services, as well as insurance and financial institutes.
Glostrext buys office space in Singapore for RM2.6m
In a filing with Bursa Malaysia on Friday, Glostrext said its indirect wholly-owned subsidiary Glostrext Technology (S) Pte Ltd has accepted the option to purchase a property known as 30 Kaki Bukit Road 3, #02-01 Empire Technocentre, Singapore, which was granted by Singapore-based Uninec Construction Pte Ltd on Oct 13 this year.
Battersea Power Station to see office space expansion in 2023
Battersea Power Station’s existing 565,000 sq ft of office space has been occupied by Apple, SharkNinja and The Engine Room — a coworking space by IWG.
