Malaysia tops Southeast Asia as new retail expansion market

KUALA LUMPUR (Jan 3): Malaysia is the most attractive place for retail brands to expand into Southeast Asia, thanks to its strategic location, low taxes, and barriers to entry compared with other countries in the region, said Savills Malaysia Sdn Bhd (Savills) deputy executive chairman Allan Soo.

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Faber Towers up for sale

PETALING JAYA (Dec 30): OSK Holdings Bhd has put Faber Towers in Taman Desa, Kuala Lumpur, on the market as it seeks to monetise some of its assets, reported The Edge.

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DONE DEAL: 2.5-storey bungalow, Damansara Heights, KL

Sold for: RM6 million Concluded by: Shawn Fernandez (E 2445) of Fernstate Sdn Bhd (016-288 1251) When: September 2017 Noteworthy: ● Freehold ● Built-up area of 6,000 sq ft ● Land area of 10,000 sq ft ● 5+1 bedrooms ● 6 bathrooms ● Partly furnished with appliances, curtains, blinds, and air-conditioning units According to the agent who closed the deal, the seller and buyer are Malaysians.

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