Developers opt for strata route to sell buildings


Oxley Holdings (Malaysia) Sdn Bhd CEO Datuk Othman Omar

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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , property

   

Next In Business News

Focus Point eyes aggressive expansion
Carimin to acquire new RM23mil boat
Affin Bank to focus on higher yielding loans in 2Q
Hartalega earnings to rise on strong demand
The fuel subsidy plan and inflation
Cahya Mata remains cautiously optimistic
Deleum to achieve growth via partnerships and technology
Bad bond bets forces Norinchukin to change strategy
Axis-REIT buys two properties for RM125mil
Duopharma’s 1Q earnings at RM15mil

Others Also Read