SYDNEY: A slight overall decline in national vacancy has been recorded for investment grade industrial property in Australia, according to the Savills Industrial Stock Survey (SISS).Set as a new bi-annual benchmarking tool for the performance of the national industrial sector in Australia, the inaugural survey in September 2008 recorded a national vacancy rate of 3.2%.

A Grade A 21-storey purpose-built office space within an easily accessible lifestyle development is what the owner of Menara Kencana, Kencana Capital Assets Sdn Bhd, is offering prospective tenants.

Glomac Bhd group managing director and CEO Datuk FD Iskandar has every reason to be proud of the group’s achievements in commercial development — since 1993 the group has successfully completed 5.4 million sq ft of commercial space with a total sales value of about RM1.4 billion. But the journey is far from over.

With two commercial developments underway, IOI Properties Bhd general manager (group operations) Lee Yoke Har admits that it’s an exiting time for the group. “In the past, we’ve concentrated on township developments. This time around, we’re doing something unique and niche,” she says.

Location and the type of product offering are crucial to any property development, but perhaps more so during difficult times.

As it marks its 45th anniversary this year, Bandar Raya Developments Bhd (BRDB) says it remains vigilant about the things that matter the most — the promise of building thriving communities and iconic landmarks, and the continued commitment to value creation. One of these iconic landmarks is BRDB Tower, a purpose-built Grade A property currently under construction in Bukit Bandaraya, KL.

The launch of d’Vida last month marked the start of the development of Bukit Jelutong City Centre (BJCC), the final commercial component of the 2,205-acre freehold Bukit Jelutong.

Spurred by growing global development and consumption, the architectural landscape is evolving — from the intricate and grand designs of the 17th century to the current sleek and minimalist style. Not only are the inspiration and influences on architecture varied but these are accompanied by the advancement of technology.

Weaker market sentiment as demonstrated by fewer enquiries for space as well as in some cases the easing of rents, and a cautious stance towards new developments best sum up the present mood in the commercial property market.Even property players would concede that while the sluggish market sentiment as a result of the global financial crisis has been felt across all sectors of the property mar

Boustead Properties Bhd’s Mutiara Damansara township in Petaling Jaya will soon see the establishment of Curve NX, a 7-storey car park building, that comprises 625 parking bays, a McDonald’s drive-thru restaurant and an education theme park.The RM80-million building will be built on two land parcels totalling 1.5 acres, including the site on which the current McDonald’s outlet (beside Wisma Ben