KUALA LUMPUR (Feb 13): Shopping malls in Malaysia currently operate in an environment of high operating costs amid lower consumer spending, according to a latest survey by the Malaysia Shopping Malls Association (PPK).
KUALA LUMPUR (Feb 13): Sarawak-based engineering and construction group Hock Seng Lee Bhd (HSL) is all out to cater to the rising demand for affordable housing in the state’s major urban centres, especially Kuching.
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Housing projects designed specifically for mobile and independent retirees are nothing unusual in many developed countries.
PETALING JAYA (Feb 11): WZR Property Sdn Bhd will be launching two new phases of its Bukit Jalil development — The Earth, by the end of next month, according to the company’s director of development Ibrahim Rahmad.
SINGAPORE (Feb 10): REIT management company ARA Asset Management posted 28% lower earnings of S$18.
Sold for: RM435,000 (RM753 psf) Concluded by: Derrick Hum (REN 10765) of Property Exchange (012-723 0309) When: October 2016 Noteworthy: ● Freehold ● 578 sq ft ● One bedroom and one bathroom ● High floor ● Facilities: Children’s playground, wading pool, gymnasium, leisure pool, lap pool, multipurpose hall, open terrace and sauna Situated on a three-acre freehold site, Desa Green is a high-density serviced apartment developed by UOA Development Bhd.
SINGAPORE (Feb 9): Frasers Centrepoint Ltd (FCL) has announced 1Q2017 earnings of S$187.
AS connectivity and infrastructure improve and the rental gap between Kuala Lumpur’s central business district (CBD) and city fringe narrows, more companies may move into or relocate to the CBD.
KUALA LUMPUR (Feb 8): Central London’s office take-up rate for the final quarter of 2016 has totalled 3.
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