Oversupply of Klang Valley office space
By THE STAR KLANG Valley’s office space may be heading towards a state of oversupply. The total existing supply of office space is 94.4 million sq ft; 73.07 million sq ft of this were occupied in 3Q 2011. This leaves 21.33 million sq ft or 22.6% of the total space, within the various office buildings, [...]
PNB: Work on RM5b tower project starts mid-2012
By BUSINESS TIMES PERMODALAN Nasional Bhd (PNB) expects to start ground works on the proposed 100-storey Menara Warisan Merdeka project by the middle of next year. Its president and chief executive officer Tan Sri Hamad Kama Piah Che Othman said PNB has already submitted plans, including design and concept for approval to the Kuala Lumpur [...]
Office suites with all the perks
By THE STAR CENTRO Shah Alam is set to offer a new dimension to the city’s business district once the project is completed by the end of 2013. The project located at the heart of Shah Alam at Section 14 — not too far away from Wisma MBSA — is the first of its kind [...]
Mixed feelings over mixed-development projects
By THE STAR Concerns rising over the possibility of an oversupply of office and retail space As a new line of mixed large-scale property developments go on stream to spur economic growth, market observers and those involved in the property sector are cautious. Their main concern: an oversupply of officespace. Reports and data coming from [...]
Oversupply of retail and office space
By THE STAR KUALA LUMPUR: The Klang Valley will face an oversupply of office and retail space within the next two to three years, according to property consultancy CB Richard Ellis (M) Sdn Bhd. Capital values for residential units would see some increases in 2012, but at slower rates compared with the past 18 months. [...]
Office property market seen stable
By BERNAMA KUALA LUMPUR: Malaysia’s office property market is likely to remain fairly stable next year, but oversupply is expected in the next 18 months, says CB Richard Ellis (CBRE) Malaysia Sdn Bhd, a property consultancy firm. The oversupply situation is due to a competitive rental market, its executive chairman Christopher Boyd told reporters after [...]
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