News by Chelsea J Lim

The office markets in Kuala Lumpur City (KLC), Kuala Lumpur Fringe (KLF) and Decentralised (DC) areas have observed an increase in transacted and asking rents in 3Q2023, driven by the demand for smart and green buildings and the flight-to-quality trend predominantly of financial services companies and multinational corporations (MNCs), said JLL Property Services (Malaysia) Sdn Bhd director of office leasing advisory Quiny Lee at the launch of JLL’s 3Q2023 Greater Kuala Lumpur Property Market Monitor: Sectorial Market Overview here on Monday.

The emergence of a well-managed and well-planned industrial park with emphasis on environmental, social and governance (ESG) attributes and technology adoption will attract high-value investment, said Knight Frank Malaysia executive director Allan Sim at the Selangor Industrial Park Expo (SPARK) 2023 held at the Kuala Lumpur Convention Centre on Thursday.

The association noted that with the stagnant economy and the increase of OPR rates resulting in the increase in housing loan interest, many Malaysians will still be unable to afford to buy a house.

168 Park Selayang Sdn Bhd, a subsidiary of Infra Segi Sdn Bhd, has officially launched the last residential tower — Bole Residence, or Block B — in the leasehold mixed-use development 168 Park Selayang on Friday. 

Matrix Concepts Holdings Bhd has achieved 30% take-up rate for Levia Residences since its soft launch last August, said Matrix Concepts founder and group executive deputy chairman Datuk Seri Lee Tian Hock during the sale and purchase agreement (SPA) signing ceremony with the Malaysia Basketball Association (Maba) at Wisma Maba, Kuala Lumpur on Tuesday.

Hektar Real Estate Investment Trust (Hektar REIT) will install 13 electric vehicle (EV) charging bays in six shopping malls under its portfolio starting Jan 1, 2024.

Iconic Penang Sdn Bhd, a privately-held company by Penang-based property developer Iconic Group, unveiled the five-star Iconic Marjorie Hotel on Thursday (Sept 28) at Icon City, Bukit Mertajam.

... after surpassing the minimum requirement of 100 species of woody plants and providing valuable service to the public through various education and awareness initiatives.

I-Bhd has announced a partnership with Wyndham Hotels & Resorts to manage a 50-storey property known as Wyndham Suites KLCC in Kuala Lumpur city centre.

The programme provides nomad passes to foreign or local recipients, allowing them to travel and work remotely at MDEC’s nomad-ready hubs around Malaysia.