Supply-demand imbalance to impose challenges for office market in KL, says property consultant
"Tech companies and co-working spaces are anticipated to drive the office market for the coming few quarters."
"Tech companies and co-working spaces are anticipated to drive the office market for the coming few quarters."
Mulpha said the 31-year-old property is a 4-star hotel with 242 guest rooms, occupying 7,444 sq m. As at Dec 31, 2018, the audited net book value of the property stood at A$35.8 million.
Currently, the group’s total undeveloped landbank stands at 191 hectares, which has a potential gross development value (GDV) of RM5.3 billion, to be developed within five to seven years.
The contract is for the proposed Dual Lane Road from Al-Islah Junction to Al-Jabayish at Nasirya City.
At 10.24am, KAB dipped 0.5 sen to 20.5 sen for a market capitalisation of RM72.57 million.
At 9.19am, I-Bhd shed 0.5 sen to 37 sen for a market capitalisation of RM375.28 million.
"This is in line with the presumption of innocence and Article 5(1) of the Federal Constitution."
The 26-storey high-rise building in Kuala Lumpur city centre consists of 6-level basement, 5 levels of Retail and food and beverage (F&B) Podium, 20 floors of office space and 1 rooftop F&B outlet.
Chow added that there were factual errors in the report on July 4, which irresponsibly misrepresented to the public.
Sunway said the proposed development will comprise serviced apartments and lifestyle retail units with an estimated RM544 million in GDV and is targeted to be completed in 2025.