Monday, May 30, 2016

Ground Floor Corner Unit Shop Lot @ Taman Desa - For Rent

Ground Floor Corner Unit Shop Lot @ Taman Desa - For Rent
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1 Unit of Ground Floor, Corner Unit Shop Lot at Taman Desa.

Strategic Location opposite Taman Desa Medical Centre, next to Jalan Klang Lama

Facing Main Road, 2 Frontage, Jalan Desa and Jalan Desa Utama

Size approximately 1,430 sq.ft 

Asking Rental at RM 8000.00. 

For more information and viewing arrangement,please contact Mr Kuan Ming at +60-19-288-0689 or kmlim1985@gmail.com

Http://www.searchofficekl.com

My Team specialist in Corporate Office Space and Office Towers, Grade A and MSC Office Space in KL CBD, KLCC, KL City Centre (Integra, Binjai, GTower, Prestige, Pavilion, Intermark, Selangor Dredging), KL Sentral (1 Sentrum, 1 Sentral, Nu Towers, Menara Nu, Menara Shell, Menara CIMB, Quill 7, Plaza Sentral, Platinum Sentral, Vista Sentral), Bangsar South, Bangsar, Petaling Jaya, Puchong, Damansara, Sunway, Shah Alam, I-City.

Menara Weld @ Jalan Raja Chulan - Office Space for Rent

Menara Weld @ Jalan Raja Chulan - Office Space for Rent


CIMB and Maybank branch is located behind Menara Weld, and Ambank is located opposite of the building.
There is a Bus Stop and Taxi Stand for both ways is located in front of the building. Monorail Station (Raja Chulan) is just 5min walk away.
One of the lowest rental rate office building in KL City Centre and Golden Triangle region
1 Fitted Unit of 9,362 sqft available for Rent
Asking Rate : RM 5.50 psf
Gross Rental Rate is subject to 6% GST.
For more information and viewing arrangement,please contact Mr Kuan Ming at +60-19-288-0689 or kmlim1985@gmail.com
Http://www.searchofficekl.com
My Team specialist in Corporate Office Space and Office Towers, Grade A and MSC Office Space in KL CBD, KLCC, KL City Centre (Integra, Binjai, GTower, Prestige, Pavilion, Intermark, Selangor Dredging), KL Sentral (1 Sentrum, 1 Sentral, Nu Towers, Menara Nu, Menara Shell, Menara CIMB, Quill 7, Plaza Sentral, Platinum Sentral, Vista Sentral), Bangsar South, Bangsar, Petaling Jaya, Puchong, Damansara, Sunway, Shah Alam, I-City.

Monday, May 23, 2016

Wisma Selangor Dredging @ KLCC - Prestigious Corporate Office Space for Rent

Wisma Selangor Dredging @ KLCC - Prestigious Corporate Office Space for Rent/Lease
Wisma Selangor Dredging is located in the prime vicinity as KLCC. It is surrounded by all amenities available in the area.
There are 5-Star Accomodation facilities, Financial Hub nearby and F&B outlets nearby walking distance.
It takes less than 3min walk to Suria KLCC.
A Fully Furnish Unit size of 3700 sqft available
Asking Rate : RM 6.80 psf
Gross Rental Rate is subject to 6% GST.











For more information and viewing arrangement,please contact Mr Kuan Ming at +60-19-288-0689 or kmlim1985@gmail.com
Http://www.searchofficekl.com
My Team specialist in Corporate Office Space and Office Towers, Grade A and MSC Office Space in KL CBD, KLCC, KL City Centre (Integra, Binjai, GTower, Prestige, Pavilion, Intermark, Selangor Dredging), KL Sentral (1 Sentrum, 1 Sentral, Nu Towers, Menara Nu, Menara Shell, Menara CIMB, Quill 7, Plaza Sentral, Platinum Sentral, Vista Sentral), Bangsar South, Bangsar, Petaling Jaya, Puchong, Damansara, Sunway, Shah Alam, I-City.

Wisma Selangor Dredging @ Jalan Ampang - Corporate Office Space for Rent

Wisma Selangor Dredging @ KLCC - Prestigious Corporate Office Space for Rent/Lease
Wisma Selangor Dredging is located in the prime vicinity as KLCC. It is surrounded by all amenities available in the area.
There are 5-Star Accomodation facilities, Financial Hub nearby and F&B outlets nearby walking distance.
It takes less than 3min walk to Suria KLCC.
A Partly Unit Penthouse with Balcony, 8400 sqft available
Asking Rate : RM 6.80 psf
Gross Rental Rate is subject to 6% GST.










For more information and viewing arrangement,please contact Mr Kuan Ming at +60-19-288-0689 or kmlim1985@gmail.com
Http://www.searchofficekl.com
My Team specialist in Corporate Office Space and Office Towers, Grade A and MSC Office Space in KL CBD, KLCC, KL City Centre (Integra, Binjai, GTower, Prestige, Pavilion, Intermark, Selangor Dredging), KL Sentral (1 Sentrum, 1 Sentral, Nu Towers, Menara Nu, Menara Shell, Menara CIMB, Quill 7, Plaza Sentral, Platinum Sentral, Vista Sentral), Bangsar South, Bangsar, Petaling Jaya, Puchong, Damansara, Sunway, Shah Alam, I-City.

Tuesday, March 22, 2016

Developers opt for strata route to sell buildings

Monday, 21 March 2016

Developers opt for strata route to sell buildings


PETALING JAYA: The rout on oil prices, the Klang Valley’s oversupply of office space and the overall soft property market have compelled developers to change tactics when selling their buildings.
The rental market also found itself in a similar situation, where office building owners are lowering their rental to retain tenants or extending rent-free periods to potential tenants.
Oxley (Malaysia) Sdn Bhd, a subsidiary of Singapore developer Oxley Holdings Ltd, which will be commencing the development of Oxley Towers KLCC this year, will be selling its office space in Oxley Towers KLCC on individual unit basis instead of en bloc as planned initially, Oxley Malaysia CEO Datuk Othman Omar (pic) told StarBiz.
“The absolute price of the smaller units of 645 sq ft will be slightly above the RM1mil range. That will be an attractive proposition for this address,” he said.
He said the company had a few enquiries to sell its 29-storey office block, with a gross floor area of 346,000 sq ft, en bloc initially. However, in view of the general weak sentiment in the oil and gas (O&G) sector, soft property market and the oversupply of office space in the Klang Valley, the company is opting for the strata route.
Had it opted for the en bloc route, the price would be cheaper on a per-sq-ft basis, but the outlay would be high.
BlackRock, the world’s largest asset manager, took about a year to sell its 39-storey Integra Tower, a Grade-A office building, with a net lettable area of 760,715 sq ft and 850 parking bays. It finally sold it to Retirement Fund Inc (KWAP) for RM1.065bil in April last year.
Most developers and landlords of top-grade city offices have eyed companies linked to the O&G sector and multinational companies by offering large open floor areas. Because the O&G avenue has somewhat dimmed – O&G companies do not need that amount of top-grade office space at the moment – this previous heavy focus may be hurting the office market.
Said Othman: “When we sell individual units, we need not follow set specifications as when it is sold en bloc. If purchasers need more space, they can combine a few units,” he said.
“There is a lack of smaller-sized top-grade strata offices in the KLCC area. Oxley Towers KLCC can meet this demand,” he said.
The prices per sq ft may range between RM1,800 and RM2,000. Prices had not been confirmed, Othman said. This works out to 645-sq-ft units being priced at above RM1mil.
Othman said Oxley Malaysia is working with lending institutions to offer a 150% financing package. It will occupy two floors in the 29-storey block which has a gross development value (GDV) of RM450mil.
The other two blocks will comprise two hotels and their respective serviced apartments and two retail floors. Dubai-based hotel group Jumeirah will operate a luxury-class 181-room hotel on a 49-storey block located above 267 serviced apartment units. They are planning to launch it in Dubai first this year.
“People from the Middle East like to invest in Malaysian properties. They prefer branded residences. They will be familiar with the Jumeirah brand,” he said.
The third and tallest block, at 78 storeys, about 10 storeys short of the 88-storey Petronas Twin Towers, will house French boutique hotel Sofitel So. It will operate 207 rooms located below 590 serviced apartment units. The mixed project is expected to be completed in 2021.
Veritas Design Group, which won the project through an international competition, said Oxley Towers would add a new dimension to the area with its songket-weaving facade.
Veritas president David Mizan Hashim said: “It will be a recognisable visual cultural identity to the local traditional craft motifs.”
Oxley had a 50% discount off its development charges from KL City Hall, a savings of about RM50mil on condition that it begins work within six months.
Hashim said: “City Hall wants to encourage development projects to go on. This 50% discount offer started around September 2015 to spur the soft market because developers were slowing down.”
He said developers, on getting their development order, tend to delay their projects and City Hall did not want them to do that.
Oxley bought the land, currently occupied by Pelita Nasi Kandar, from the Loke Wan Yat estate for some RM450mil, or a record RM3,300 per sq ft. The prime freehold land with Jalan Ampang frontage has an estimated GDV of RM3bil.
Oxley also has a project in Section 16, Petaling Jaya next to the Phileo Damansara Trade Centre. It submitted its application for development order in mid-March for an RM800mil-GDV mixed project comprising serviced apartments, a hotel, small offices home offices and corporate offices on five acres. The plot ratio for this Section 16 project is 3.99, whereas its KLCC project has a plot ratio of 13.99. The higher the permissible plot ratio, the higher the structure permitted by the authorities.
Source : The Star

Thursday, January 21, 2016

Klang Valley office rental growth under pressure for next two years

Klang Valley office rental growth under pressure for next two years

Commercial landlords face a testing couple of years ahead, according to Sarkunan Subramaniam at Knight Frank Malaysia. – The Malaysian Insider file pic, January 21, 2016.Commercial landlords face a testing couple of years ahead, according to Sarkunan Subramaniam at Knight Frank Malaysia. – The Malaysian Insider file pic, January 21, 2016.
Klang Valley office rental growth is expected to be under pressure owing to the new supply of 10 million sqft of space coming on stream over the next two years, according to Knight Frank Malaysia Sdn Bhd managing director Sarkunan Subramaniam.
“Existing landlords of office buildings may have to put more effort to undertake asset enhancement via renovation, conversion or redevelopment to optimise returns from their properties,” he said at the 9th Malaysian Property Summit (9MPS 2016) yesterday.
The event was organised by the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the private sector (PEPS). The Edge Malaysia and theedgeproperty.com were media partners of the event.
Overall, the Kuala Lumpur office market was expected to remain subdued this year and the tenant favoured market would continue into 2016 and beyond, said Sarkunan.He noted that there are a few successfully refurbished office buildings such as Menara Citibank, Kenanga International and Etiqa Twins.
In some cases, old office buildings had been converted into hotels, such as Wolo Bukit Bintang (formerly Wisma KLIH) and Piccolo Hotel (formerly Wisma Peladang), while the upcoming Oasis Hotel Suites Kuala Lumpur (formerly Plaza Atrium) was converted into serviced apartments.
“As new supply comes into the market, existing landlords will need to listen to their tenants’ needs, and offer better facilities and maintenance services to maintain or improve occupancy levels,” he said.
According to Knight Frank’s report, there is currently 92.5 million sqft of office space in the Klang Valley. However, 65% of the supply is Grade B and C offices, which have lower occupancy rates and rental growth.
Sarkunan noted that the occupancy rates of the most sought-after Grade A and A+ office space in city area could reach about 80% to 95%.
In 2015, KL city area rental rates averaged RM6.17psf; KL fringe area averaged RM5.70; and beyond KL area, the average rental was about RM4.19 psf. – thedgeproperty.com, January 21, 2016.
Source : The Malaysian Insider