News by Rachel Chew

Rented for: RM4,695 per month or RM5 psf (including 6% GST); Concluded by: Jaimie Lee of Property Hub Sdn Bhd (012-281 9182); When: December 2015

Sited on 7.34 acres of freehold beachfront land, Timurbay will not only offer panoramic views of the South China Sea but also have direct access to Balok Beach.

In the newly-launched Malaysia Commercial Real Estate Investment Sentiment Survey 2016 by Knight Frank Malaysia, fund and REIT managers are expected to be actively investing in 2016 to seek opportunities in a slow property market.

Occupancy rates of office properties in Kuala Lumpur City Fringe (KL City Fringe) inched up 89.3% in the second half of 2015 (2H2015) while KL City decreased to 82.5%, according to international real estate services firm Knight Frank.

Mah Sing Group Bhd expects the direct interchange from the North-South Expressway into its integrated Southville City development in Bangi – dubbed by the developer as KL South – to be completed at end-2017, earlier than the original scheduled completion in 2018.

“Landed properties (in Johor Bahru) are still favoured by the locals, however it is expected that in the coming years it will be challenging as more developers are turning to landed developments with new and exciting concepts,” Knight Frank noted in its recently-released 2H2015 Real Estate Highlight report.

Sunway will be launching properties worth RM1 billion in the Klang Valley, which include condominium project Sunway Geo Residences 3 (GDV: RM400 million), serviced apartments Sunway Gandaria Residences in Bangi (RM200 million), and condominium project Brook Residences in Mont’Kiara (RM200 million).

According to Cushman & Wakefield’s 4Q2015 Hong Kong Investment Snapshot report, many potential buyers are still having a wait-and-see attitude due to the large amount of incoming supply, which has caused a stagnation of the primary market.

Hong Kong is expected to see more China investors acquiring office buildings in 2016, according to global commercial real estate services company Cushman & Wakefield.

The newly-launched Sunway Gandaria Retail has a gross development value of RM54 million and comprises 34 retail units with built-ups ranging from 983 sq ft to 6,071 sq ft and priced from RM832,000.