#Latest News
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KUALA LUMPUR (Feb 21): The Tun Razak Exchange (TRX) (pictured) project here will take a long time to achieve full occupancy of its 2.65 million sq ft office space, real estate consultancy firm Jones Lang Wootton said, noting that Tower 2 of the Petronas Twin Towers took about a decade…
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KUALA LUMPUR (Feb 21): The high level of units reserved for Bumiputera buyers could have contributed to the residential property overhang in Johor, said CBRE|WTW Johor branch director Tan Ka Leong. As at the third quarter of last year (3Q2018), the southern state has recorded 49,297 unsold units comprising 13,767 overhang…
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KUALA LUMPUR (Feb 21): The six-month National Home Ownership Campaign 2019, slated to kick-off next month to address the issue of affordable housing supply and the overhang in residential properties, is not inspiring much optimism as the first time the campaign was held right after the Asian Financial Crisis in…
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KUALA LUMPUR (Feb 21): There are six ways to improve demand drivers for purpose-built office spaces in the Klang Valley, said Jones Lang Wootton executive director and head of research and consultancy Malathi Thevendran. According to her, the six ways: are undertaking independent market research and valuation, identifying shortfalls and…
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KUALA LUMPUR (Feb 21): Solving the much-publicised issue of overhang properties requires stakeholders from the private and public sectors to come together, said Valuation and Property Services Department (JPPH) director Ahmad Zailan Azizuddin. “How can we all play a part to address this issue? For example, the National Property Information…
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KUALA LUMPUR (Feb 21): Malaysia’s current focus on affordable housing may cause an oversupply in this segment in the medium term, said Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Michael Kong. “Encouraging homeownership among people in the middle to low…
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KUALA LUMPUR (Feb 21): Malaysia needs to have higher population growth to sustain the rate the country is injecting new housing supply into the market, said property consultancy firm Rahim & Co International Sdn Bhd director of research and strategic planning Sulaiman Saheh. “I have mentioned this a few years…
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KUALA LUMPUR (Feb 21): It is time for Malaysian retailers and shopping mall operators to stop asking whether e-commerce or physical stores will win in the fight for shoppers and focus on combining the two to create a shopping experience targeted at millennials, said retail consultancy Savills Malaysia. Millennial shoppers,…
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KUALA LUMPUR (Feb 21): Alpha REIT Managers Sdn Bhd chairman Datuk Stewart Labrooy said real estate investment trust (REIT) of government buildings would do very well, given the good location and quality of these assets. During his presentation at the 12th Malaysian Property Summit, Labrooy said having the government as…
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The property market is expected to remain resilient in the first half of 2019 followed by a gradual improvement in market activity, said Valuation and Property Services Department (JPPH) director Ahmad Zailan Azizuddin. He told EdgeProp.my that his prediction is backed by JPPH’s data which showed positive increments or only…
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