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 before seeing complete take up. […]
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 units and 35,530 under construction […]
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 1998. Panelists at a session […]
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 opportunities, thinking of ways to […]
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 Centre has launched the Unsold […]
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 income group is important but […]
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