Offices and malls remain in oversupply, pressure on vacancy and rental rates
KUALA LUMPUR (Apr 3): Oversupply conditions in the office space and shopping complex (OSSC) segment in Malaysia have not improved.
DONE DEAL: Office unit, Plaza Sentral, Kuala Lumpur
Sold for: RM2 million (around RM736 psf) Concluded by: Carmen Lee (REN 12639) (012-207 3989) of Reapfield Properties (HQ) Sdn Bhd When: February 2020 Noteworthy: ● Freehold ● Mid-floor unit with built-up of 2,715 sq ft ● Fully-furnished ● Located within KL Sentral and walking distance to NU Sentral Shopping Centre ● Easy access to main roads and highways such as Jalan Damansara, Jalan Travers, Jalan Syed Putra and Lebuhraya Sultan Iskandar, around 10km to KL city centre and 5km from Mid Valley Read also DONE DEAL: Office unit, Solaris Dutamas, Kuala Lumpur DONE DEAL: Office lot, Oasis Square, Ara Damansara, Petaling Jaya, Selangor Developed by Malaysian Resources Corp Bhd (MRCB), the master developer of KL Sentral transit-oriented development, Plaza Sentral is a MSC Cybercentre-status office and is home to IT businesses and fintech start-ups.
UK health Minister Matt Hancock also positive for COVID-19, after PM Boris Johnson found infected
KUALA LUMPUR (March 28): British Health Minister Matt Hancock announced over twitter yesterday that he had tested positive for COVID-19.
DONE DEAL: Office lot, Oasis Square, Ara Damansara, Petaling Jaya, Selangor
Rented for: RM11,000 per month (RM2.
Working from home and loving it
Jason Oh, an employee of a hospitality company currently based in Hong Kong — one of the countries affected by the COVID-19 outbreak that saw schools being shut down and the government rolling out a fiscal stimulus package to ease the impact of the virus – was required to work from home after the Chinese New Year holidays until the end of February 2020.
Our medical frontliners battle on
KUALA LUMPUR (March 18): While most Malaysians staying or working at home on this first day of the restricted movement order that will last till March 31, a bunch of people have been making heavy sacrifices ever since the dreaded COVID-19 landed on our shores.
PMO says Muhyiddin not meeting with political leaders today, leaves Zahid’s excuse to postpone graft trial in doubt
KUALA LUMPUR (March 2): The Prime Minister’s Office (PMO) has come out to say that Prime Minister Tan Sri Muhyiddin Yassin (pictured) is not scheduled to meet any political leaders today.
Kejuruteraan Asastera secures RM20m electrical installation services project
KUALA LUMPUR (Jan 30): Kejuruteraan Asastera Bhd has won an electrical installation services contract worth RM20 million from Kerjaya Prospek Group Bhd for a hotel, office and serviced apartment project in the city.
Vizione bags RM170m construction project
KUALA LUMPUR (Jan 21): Engineering and construction group Vizione Holdings Bhd has bagged a RM170 million construction project in Kota Kinabalu.
