by Tim Leonard (The Edge)

KUALA LUMPUR: Financial jitters stemming from the subprime loan crisis may be reverberating across the globe but for the Malaysian property market, it’s business as usual.

Yet another benchmarking transaction has taken place and the address is none other than Jalan Stonor in the super prime KLCC in the heart of the city. The YTL group has just acquired a parcel, about one acre (0.4 hectare) on Jalan Stonor for RM85 million which, according to sources, works out to about RM2,000 psf.

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By Tim Leonard (The Edge)More forward purchases and higher benchmark prices are expected in the sale, purchase and rental of office space in Klang Valley this year. Knight Frank Malaysia’s executive director Sarkunan Subramaniam, presenting The Edge/Knight Frank Klang Valley Office Monitor for 4Q2007, says the lack of premium office space in the Klang Valley will also be a contributing factor towards the downward movement of yield compression.

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By S.C. CHEAH (TheStar)TTDI Development Sdn Bhd hopes to make its Laman Seri Business Park (LSBP) the best commercial development in Shah Alam. Group managing director Datuk Johan Ariffin said the business park, which was soft-launched recently, would have plenty of outstanding features that would give investors a better chance of reaping higher capital gains as well as commanding higher rentals.

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