Office spaces in London could be expensive to rent next year due to a supply crunch, J.P. Morgan analysts said on Wednesday, as developers are being restricted from creating new spaces and leases have begun to shorten. Analyst Tim Leckie expects active demand for prime office space to grow 38 per cent in 2030, but...
Read moreCapitaLand’s wholly-owned lodging business company, The Ascott Ltd (Ascott), is set to open its first lyf-branded co-living property in Kuala Lumpur. The property branded lyf Raja Chulan Kuala Lumpur was apparently supposed to open in 2020. The 12-storey property houses 104 units and is located along Jalan Raja Chulan. lyf (pronounced life) is a hospitality...
Read moreKOTA BHARU (April 13): The construction of the East Coast Rail Link (ECRL) project has recorded overall progress of 28.57% thus far, said Malaysia Rail Link Sdn Bhd (MRL) chief executive officer Datuk Seri Darwis Abdul Razak. He said the percentage included construction works in four states, namely Kelantan, Terengganu, Pahang and Selangor. The overall...
Read moreMaking your life after retirement easier and more comfortable is a question of timely planning and foresight. As you approach retirement, it is important to realise that while it is great to dream, to make your dreams become a reality you need a solid plan to back them up. Having a clear plan for the...
Read moreKUALA LUMPUR (April 12): Axis Real Investment Trust (REIT) is acquiring a logistics warehouse facility in Pelabuhan Tanjung Pelepas (PTP) in Johor for RM390 million cash, its largest acquisition to date. In a statement, the REIT said it has inked a sale and purchase agreement (SPA) with Equalbase PTP Sdn Bhd (EPSB) to aquire the...
Read morePUTRAJAYA (April 12): Property developer S P Setia Bhd has inked a memorandum of understanding (MoU) with Tenaga Nasional Bhd (TNB) to install solar panels across S P Setia’s upcoming residential projects. The MoU, which was signed today, marks S P Setia’s commitment towards the country’s agenda in achieving a carbon-neutral nation by 2050. Besides...
Read morePETALING JAYA (April 12): Knight Frank Malaysia expects to see an increase in hotel transactions over the next 24 months, supported by improved appetite of hotel owners and operators as shown in its latest market survey report. According to the Malaysian Hospitality Investment intentions Survey released by Knight Frank, some 64% of the hotel owners,...
Read moreKUALA LUMPUR (April 11): Jentayu Sustainables Bhd (formerly known as Ipmuda Bhd) has proposed to sell a parcel of leasehold redevelopment industrial land with warehouses and offices in Petaling Jaya for RM19.99 million cash. Jentayu Sustainables had on Thursday (April 7) entered into a conditional Sale and Purchase Agreement (SPA) with Beacon ACM Sdn Bhd...
Read moreKUALA LUMPUR (April 11): RHB Investment Bank Bhd said the property sector should generally benefit from the re-opening of the economy and international borders. In a note Monday (April 11), the research house said it sees some potential trading opportunities as sector valuations are undemanding, at 64% discount to RNAV. “Recent news flow on the...
Read moreThe local real estate market appears to be recovering, with higher loan approvals in the first two months of this year, said MIDF Research. According to Bank Negara Malaysia data, the total loan applied for to purchase property increased by 9.2 per cent year on year (YoY) to RM28.6 billion in February 2022, after increasing...
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