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Old December 1st, 2008, 11:24 PM   #81
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Old December 10th, 2008, 09:10 AM   #82
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Old December 13th, 2008, 01:10 AM   #83
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Old December 16th, 2008, 05:58 PM   #84
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Old December 19th, 2008, 09:45 AM   #85
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Old December 21st, 2008, 10:17 AM   #86
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Old December 27th, 2008, 01:22 AM   #87
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Old December 27th, 2008, 01:24 AM   #88
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Old December 27th, 2008, 01:21 PM   #89
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KL office rentals to stay steady
By Vasantha GanesanPublished: 2008/12/27



OFFICE rentals in Kuala Lumpur's central business district (CBD) are expected to remain at current levels for the next few years as supply stays moderate.

Between 2009 and 2012, an estimated 4.04 million sq ft of office space should come on stream in the CBD. However, only an additional 500,000 sq ft will be available next year from the opening of G Tower.

In 2010, 1.68 million sq ft will be available when Lot C KLCC, Menara Wakaf, The Icon and Menara Worldwide open.

"Based on the office space that will be available (in the Golden Triangle), there will be no significant impact on rentals. We expect rentals to stay at current levels," real estate consultant Savills Rahim & Co's managing director, Robert Ang, said.

At the same time, he does not expect rentals to climb as a result of limited supply.

"Short of a severe and deep recession, I don't see why office rentals in the Golden Triangle should dip. There is a relatively tight supply situation," Ang told Business Times in an interview.

He said that Grade A buildings - which he described as equipped with technological features, offering the best communication facilities and having strong management - fetch about RM7 to RM9 per sq ft in gross rent.

They also enjoy almost full occupancy, he added.

On whether the anticipated downturn would cause tenants to move into buildings with lower rentals, Ang said he did not foresee people moving more than usual.

"Even when there was no crisis, people were moving; not purely because of high costs but rather because of traffic congestion, problems with transportation ... some moved to derive the benefits of MSC (Malaysia) status," he said.

According to Ang, all indications showed that Malaysia would not suffer like other countries in the region.

"There should be normal growth in business unless Malaysia goes into a recession in 2009/10."

On foreign investment in office buildings in the country, Ang said that while there would continue to be interest, the properties also have to contend with those in other countries which have seen prices decline 20-50 per cent.

"I believe the attention may have diverted. They were interested in Malaysia compared to developed markets like the UK and the US, where prices had gone up very high. At that time, Malaysia was lagging behind and the investors thought why not buy here.

"Now the focus is back on the US, the UK, Hong Kong and Singapore, where properties are at a bargain."
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Old December 27th, 2008, 04:25 PM   #90
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Old January 1st, 2009, 01:39 AM   #91
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cool complex towers
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Old January 2nd, 2009, 11:57 AM   #92
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Old January 8th, 2009, 12:56 PM   #93
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Old January 10th, 2009, 06:36 AM   #94
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Old January 12th, 2009, 08:25 AM   #95
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Old January 15th, 2009, 09:53 AM   #96
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Old January 15th, 2009, 11:28 AM   #97
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i dont really like the black version of federation tower, they completely copied federation tower's design
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Old January 15th, 2009, 12:47 PM   #98
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Quote:
Originally Posted by skyscraper100 View Post
i dont really like the black version of federation tower, they completely copied federation tower's design
Let she got it one another version of federation tower in this millennium year of platinum
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Old January 19th, 2009, 02:43 PM   #99
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Old January 19th, 2009, 02:45 PM   #100
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