News by Chung Ying Yi

“We have received positive responses from prospective tenants, who are confident of the immense potential presented by Gurney Walk." 

IOI Properties appointed China Construction Third Engineering (M) Sdn Bhd (CCTE) as the main contractor for the expansion of IOI City Mall.

SkyAwani V Residence in Sentul, has achieved a take-up rate of 95% during its launch via its newly launched online platform — Click2Own — on Sept 27.

The agreement was signed between MTT Group of Companies executive chairman Datuk Sri Kenny Ong and Eden-On-The-Park chairman John Chin at Evergreen Laurel Hotel in Penang. Also present at the ceremony were Penang Chief Minister Chow Kon Yeow, State housing, local government and town and country planning committee chairman Jagdeep Singh Deo and Eden-On-The-Park managing director Victor Fong.

WORQ also secured loan offers from six banks — Affin Bank, Maybank, CIMB, Alliance, UOB and Ambank. It will use the funding to grow its coworking spaces 10-fold to a million sq ft and provide offices and businesses a more cost-efficient workplace solution following the Covid-19 pandemic.

Hektar REIT’s Datuk Hisham Othman and Alpha REIT’s Datuk Stewart Labrooy were also re-elected as vice-chairman and honorary secretary respectively.

“It is natural to anticipate a significant slowdown in tenant demand after three months of working remotely. For office spaces in the short term, the actual use of spaces will be different, as social distancing might be required for a longer period, with [fewer] people in the offices in the coming months,” said KPMG France’s Chemouny.