News by Natalie Khoo

Acclaimed Iraqi-British architect Zaha Hadid, whose iconic projects include the London Olympics Aquatics Centre, the Bahrain International Circuit and the Beijing New Airport Terminal building has passed away at the age of 65 from a heart attack.

BBCC Development inks deals with Mitsui Fudosan Group, Sony Music.

UEM Sunrise Bhd has completed the topping out for its condominium project, Verdi “eco-dominiums”, in its Symphony Hills development in Cyberjaya, Selangor, the group said in a press statement today.

Eco World Development Group Bhd (EcoWorld) is confident of achieving its RM4 billion sales target for its financial year ending October 2016.

Companies are more sensitive and cautious in their spending on office space compared with 20 to 30 years ago, said JLL country head for Malaysia YY Lau.

Kuala Lumpur’s central business district (CBD) office market – which includes the Kuala Lumpur City Centre (KLCC), the Golden Triangle and the city centre’s older commercial area – is expected to see higher absorption rates from 2016 to 2018, with demand expected to overtake new office supply of about 1.5 million sq ft, said JLL country head of Malaysia YY Lau.

Despite the slowdown in the property market, demand for Asia Pacific’s office space increased by 33% in 2015 compared with 2014, said JLL’s head of research of Asia Pacific capital markets Megan Walters.

Transactions for homes priced from RM400,001 to RM500,000 fell by almost half to 14,755 units in 2015 from 28,769 units in 2014, according to the National Property Information Centre’s (Napic) preliminary overview market report.

The developer will be launching 663 apartment units and about 448 units of small office/home office (SoHos) at its 525-acre township in Putrajaya South, Salak Tinggi.

Servcorp Malaysia has launched its new virtual office suites here in Menara Ilham along Jalan Binjai today.