Tenants’ market as KL sees addition of 6.9mil sq ft of office space

By THE STAR PETALING JAYA: Kuala Lumpur’s (KL) office market is expected to remain competitive this year with a substantial amount of over 6.9 million sq ft of office space scheduled to come on stream this year, which will put further pressure on rental rates. Property consultancy, Knight Frank in its Second Half 2011 Real [...]


Prokhas plans marketing blitz for Menara 238

By THE STAR PETALING JAYA: After having been vacant for more than a decade since its completion in 1999, Marinara, now known as Menara 238 Kuala Lumpur, will kick off its advertising and marketing blitz starting next month amid a challenging office space rental market. Prokhas Sdn Bhd would begin a series of media advertising [...]


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 [...]