The commercial property sector in the Klang Valley, having slowed in 1Q2009 in the wake of the global economic crisis from late last year, appears to be showing signs of a rebound.A number of estate agents City & Country spoke to, confirmed that sales in the secondary office market started going up from early April to May.

Teo Hong Lim, executive chairman and CEO of niche-property group, Roxy-Pacific Holdings in Singapore, is in an enviable position and a classic example of a developer looking to top up its land bank given the spate of strong new-home sales for its projects. The developer has launched and fully sold nine residential projects in the past year.

Prime retail rents have fallen in almost every region across the world as the global recession impacts consumer sentiment and retail sales, according to new retail research from CB Richard Ellis (CBRE) in its Global Retail MarketView report.Demand for retail space has declined in most markets as consumers cut back spending and unemployment continues to rise in many countries.

PETALING JAYA: Land & General Bhd (L&G), one of the oldest property developers in the country is back on the property scene after almost a  two-year hiatus.

Synonymous in years past for its factories and manufacturing plants, Section 13 is on the cusp of “reinventing” itself into a vibrant commercial hub in the bustling city of Petaling Jaya.Factories have been operating in Section 13 since the 1960s, but in recent years however, the Petaling Jaya City Council (MBPJ) realised its growing potential for commercial activities.

For low-profile developer UOA Holdings Sdn Bhd, a subsidiary of Australian Stock Exchange-listed UOA Ltd, interviews with the press are rare. The first time City & Country spoke to the developer was more than two years ago when it launched three residential developments simultaneously under the build-then-sell concept.

Further down the road from Bangsar South, UOA Holdings is putting the finishing touches to its Menara UOA Bangsar project on Jalan Bangsar.

The National Economic Policy (NEP) was implemented in 1971. The intentions were honourable and in time, the NEP has proved to be a nurturing ground for increased bumiputera equity in all areas of society and resulted in Malaysia’s majority community realising its future and pride.

Puchong has seen robust developments over the years.

PETALING JAYA: The industrial appearance of Section 13 in Petaling Jaya, Selangor may give way to commercial properties if a proposed Special Area Plan (Rancangan Kawasan Khas or RKK) for the area is gazetted.