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January 2016

KL office rental rates under pressure

KL office rental rates under pressure By Hannah Rafee / theedgeproperty.com | December 25, 2015 10:45 AM MYT A large supply of office space continued to weigh on rental rates in Kuala Lumpur, KL Fringe and Beyond KL (Selangor) in 3Q2015, while the overall market is expected to remain gloomy until year end. This quarter,…

Office space blues from oil and gas companies

Tuesday, 29 December 2015 Office space blues from oil and gas companies BY INTAN FARHANA ZAINUL Cost-cutting measure: The 29-storey Menara ExxonMobil has been leased to the company since 1997 and the O&G giant is looking at occupying up to only half of the building. PETALING JAYA: The bleak long-term outlook of oil prices has…

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