Malaysia - Commercial Properties & REITs

Re: Malaysia - Commercial Properties & REITs

Postby winston » Sat Feb 13, 2016 9:42 am

Onslaught of shopping centres

BY EUGENE MAHALINGAM

WITH an expected 17 million sq ft of shopping space coming into the Klang Valley from now until 2019, industry experts are concerned that this will result in an oversupply situation.


Big shopping centres like Suria KLCC and Pavilion are about 1.2 million sq ft each and 17 million sq ft is a very big number.


Source: The Star

http://www.thestar.com.my/business/busi ... g-centres/
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Re: Malaysia - Commercial Properties & REITs

Postby winston » Tue Mar 22, 2016 8:49 pm

Property expert: Malaysia’s future tallest skyscraper to contribute to 2019 office oversupply

By Ida Lim

Source: The Malay Mail Online

https://sg.news.yahoo.com/property-expe ... 00735.html
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Re: Malaysia - Commercial Properties & REITs

Postby winston » Wed Apr 20, 2016 5:08 am

More uncertainties expected in Malaysia's property market

BY EUGENE MAHALINGAM

PUTRAJAYA: The residential property sub-sector is expected to experience further softening in 2016 in view of the various internal and external uncertainties, while issues on affordable housing and affordability of home purchasers will continue to top the national agenda this year, according to Deputy Finance Minister Datuk Chua Tee Yong.

In conjunction with the launch of 2015 Property Market Report by the National Property Information Centre (NAPIC) on Tuesday, he said the commercial sub-sector is anticipated to moderate, while the office market is expected to plateau in 2016.

"New launches are expected to slow down and issues of housing affordability will continue to top the national agenda," said Chua in his speech.

In a statement, the Valuation & Property Services Department said the retail sub-sector is likely to moderate as cautious sentiment on consumers' spending lingers at the onset of increasing costs of living.

"The performance of hypermarkets looks more positive due to the nature of goods sold in these premises, namely necessity goods."

Meanwhile, according to NAPIC, market volume recorded 362,105 transactions worth RM149.9bil in 2015, down 5.7% in volume and 8% in value against 2014.

The sub-sector recorded a slight downturn by 4.6% in volume and correspondingly down in value by 10.5%.

The commercial, industrial, agriculture and development land sub-sectors were all down 10.6%, 13%, 7.5% and 2.4% respectively.

Source: The Star
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Re: Malaysia - Commercial Properties & REITs

Postby winston » Wed Apr 20, 2016 8:52 am

Commercial property transactions down

Source: The Star

http://www.thestar.com.my/business/busi ... ions-down/
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Re: Malaysia - Commercial Properties & REITs

Postby winston » Sun Jul 24, 2016 7:15 am

Excess office space raises concern

BY EUGENE MAHALINGAM

IN the wake of declining crude oil prices and cautious sentiment among the oil & gas (O&G) and financial players, the vast upcoming supply of office developments over the next three years has become a concern.

Savills Malaysia executive chairman Chris Boyd says some 8 million sq ft of office space is expected to be completed within the Klang Valley this year.

“The office market is over 100 million sq ft and typically the absorption rate is between two to three million sq ft,” he tells StarBizWeek, adding that occupancy rates stood at around 80% currently.

Boyd expects some 2 million sq ft of office space to enter the market next year, with another 8 million expected in 2018

Source: The Star

http://www.thestar.com.my/business/busi ... s-concern/
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HK - Commercial Properties & REITs

Postby winston » Fri Nov 04, 2016 9:00 am

KL office occupancy rates may fall further

By Rachel Chew

Siva ShankerKUALA LUMPUR (Nov 1): The occupancy rate of offices in Kuala Lumpur city has fallen to 83% from nearly 90% in 2H2015.

A 7% drop in occupancy rate may seem small, but to the industry, it is bad news, said Axis REIT Managers Bhd head of investment Siva Shanker.

Source: The Edge

http://www.theedgeproperty.com.my/conte ... ll-further
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Re: Malaysia - Commercial Properties & REITs

Postby winston » Wed Apr 19, 2017 10:53 am

In the office and retail sector, the report said “vacancy continued to increase”, with Kuala Lumpur and Selangor recording a 16% rise to 2.7 million sq m of vacant office space in 2016, and an 11.9% rise to 2.7 million sq m of retail space.

Source: The Edge
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Re: Malaysia - Commercial Properties & REITs

Postby winston » Tue Jul 18, 2017 7:40 am

KL office market glut to last three more years

BY EUGENE MAHALINGAM

Source: The Star

http://www.thestar.com.my/business/busi ... XMFUtvE.99
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Malaysia 04 (Jun 16 - Dec 17)

Postby behappyalways » Mon Feb 05, 2018 10:22 am

office-market-crash-unlikely-glut-persist
http://www.theedgemarkets.com/article/o ... ut-persist
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Re: Malaysia - Commercial Properties & REITs

Postby winston » Sun Sep 30, 2018 8:34 am

Millions of sq ft office space coming up in Klang Valley

by David Jarnell

A total of 13.332 million sq ft of office space, in the form of 33 office buildings, is scheduled to be completed in the Klang Valley over the next 30 months.

And almost half of this, 6.586 million sq ft is “scheduled” for completion in the 2H18.


Source: The Star

https://www.thestar.com.my/business/bus ... UPqVLzg.99
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