The fortunes of Manhattan’s office market are coming down to old versus new. Glassy skyscrapers that have popped up in recent years are luring companies seeking new space and preparing for the hybrid-work era, a sign of New York’s revival from the depths of the pandemic. Left behind are countless older buildings that haven’t been...
Read morePurchase a home based on your own needs and financial capabilities, not on the opinions of others. These are the fundamental rules of property investment, according to Chan Ai Cheng, president of the Malaysia Institute of Estate Agents. If a buyer is unsure about their job or financial stability, Chan suggests renting rather than buying....
Read moreKUALA LUMPUR: The Malaysian properties market remains attractive to international buyers, especially for properties in Kuala Lumpur, Genting Highlands and Sabah, according to IBN Corp Ltd. In a statement today, IBN Corp director Megat Khalil Izzuddin Shah said Malaysia remains one of the most ideal countries for retirement due to its excellent weather and living...
Read moreTHE Kuala Lumpur luxury condominium market, having taken a hit over the last couple of years due to the pandemic, is expected to remain soft in 2022. Savills Malaysia Sdn Bhd group managing director Datuk Paul Khong says the high-end condominium market is anticipated to stay subdued for at least the first two quarters of...
Read moreKUALA LUMPUR (Feb 4): LEAP-Market listed Uni Wall APS Holdings Bhd has signed a memorandum of collaboration (MoC) with Singapore-based Sun Solutino Pte Ltd to jointly develop certain parts of Malaysia Vision Valley 2.0 (MVV 2.0). The group, through its 80%-owned subsidiary NS Aero City Sdn Bhd, signed the MoC with Sun Solutino, which is...
Read moreThe opening of Genting SkyWorlds (GS) will accelerate Genting Malaysia Bhd’s (GenM) business recovery trend as it is expected to be a crowd puller, provide new income stream and benefit other facilities within Resorts World Genting (RWG). RHB Research, in a note, said the imminent opening of GS on Feb 8, 2022 will create excitement...
Read moreRents and occupancy levels in Kuala Lumpur City’s office buildings are experiencing downward pressure, and multinational corporations (MNCs) see this as an excellent time to invest. In light of the ongoing pandemic, companies, particularly MNCs, are increasingly interested in remote and co-working space, according to Knight Frank Malaysia. According to the firm’s Real Estate Highlights...
Read moreSunway Resort Hotel and Sunway Pyramid Mall in Sunway City Kuala Lumpur, both prized assets of Sunway Real Estate Investment Trust (Sunway REIT), are being transformed for a total of RM275 million. The REIT’s six-star flagship property, Sunway Resort Hotel, is undergoing an RM260 million transformational refurbishment to raise Malaysian hospitality standards. Sunway REIT Management...
Read moreAstaka Holdings Limited, the developer for One Bukit Senyum in Johor, is off to a good start this year. The group recently signed a non-binding memorandum of understanding (MOU) with Straits Perkasa Services Sdn Bhd (SPSSB) for potential collaboration on a mixed-use development project through its 99.99 percent-owned subsidiary, Astaka Padu Sdn Bhd (APSB). The...
Read moreKLCCP Stapled Group hopes to maintain the recovery momentum in its business segments, despite operating in a very challenging market landscape and a prolonged pandemic. According to Md Shah Mahmood, chief executive officer of KLCC Property Holdings Berhad, the group’s encouraging fourth-quarter results reflect the strength of its resilient business. He said that while the...
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