KL property market improves<\/p>\n
KUALA LUMPUR: Malaysia's sluggish commercial property market,
\nwhich had US$2.63 billion worth of office space vacant late last
\nyear, has improved slightly, international property consultants
\nsaid Thursday.<\/p>\n
The general occupancy rate in the capital Kuala Lumpur grew
\nfrom 73.3 percent to 75.5 percent, CH Williams Talhar and Wong
\nsaid in its property market outlook for 2003.<\/p>\n
\"If you look at the vacancy rate, there was an improvement
\nfrom last year despite some new space coming into the market,\"
\ndirector Goh Tian Sui said.<\/p>\n
Three new buildings comprising 95,410 square metres entered
\nthe market in the capital's top business district, called the
\n\"Golden Triangle\", bringing the total supply to 4.7 million
\nsquare metres of office space.<\/p>\n
A survey by CB Richard Ellis in July 2002 showed Malaysia
\nenjoyed one of the lowest office rental rates in the Asia Pacific
\nregion, second only to Bangkok, at $13.3 per square foot compared
\nwith Tokyo, the most expensive at $136. -- AFP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/kl-property-market-improves-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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