News

Another 1,702 units are in the planning stage.

Rents will be subdued in the first half of the year.

Occupancy levels also remained healthy.

From concept stores to niche groceries to digitalisation efforts, retailers are going all out.

It has a gross floor area of 3.8 million sq ft.

But don’t expect much growth just yet early in the year.

Blame it on the persistent supply-demand mismatch.

Office and logistics buildings were the commonly acquired properties.

Warehouse vacancy increased slightly to 3.3%.

The buildings are scattered across KL City, KL Fringe, and Selangor.

The net absorption hit 1.15m sq ft during the year.

One is a sale and purchase agreement valued at RM2.2 billion.

A significant amount of supply is also in the pipeline.

Supply still outpaced demand during the quarter.

Only 101 big deals were closed during the year.

Hap Seng is set to become the new owner of the Menara Weld office building.