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.
Residential property overhang improves but challenges remain for office and retail sectors, says Ahmad Maslan
“Almost 58% of the overhang was condominiums and apartments.
Fiamma paid RM109m for approval to develop land along Jalan Yap Kwan Seng
The leasehold land, which is located near to Fiamma’s existing 1.
TA Securities positive on CapitaLand Malaysia Trust’s disposal of 3 Damansara Office Tower
In a research note, TA noted that the proposed disposal for RM52 million translates into a premium of 4% over the property’s market value, and would result in a net gain of RM400,000 for the group.
CLMT to sell 3 Damansara office tower to Lagenda Properties for RM52m
Net proceeds of RM50.
DONE DEAL: Office unit, Desa Aman, Kuala Lumpur
DONE DEAL: Apartment, Le Yuan Residence, Kuala Lumpur DONE DEAL: Terrace house, Cheras, Kuala Lumpur Located in the heart of Cheras, Wisma Aman Elite, Desa Aman offers modern corporate spaces that house cutting-edge offices, carefully planned to optimise space utilisation and create an ideal environment for achieving a harmonious work-life balance.
