KL33 remains confident of office sector’s long-term outlook

Pavither August 21, 2020

KL33 remains confident of office sector’s long-term outlook

While demand for office space is expected to change post-COVID-19, KL33 Properties Sdn Bhd remains confident of the office sector’s long-term outlook. 

In fact, Tan Kok Leong, Executive Director of KL33 Properties Sdn Bhd, does not expect office space demand to be dampened by the rise of remote working, reported the New Straits Times.

This comes as commercial office space still plays a key role in promoting collaboration and productivity, and is also considered as one of the key factors in retaining and attracting talent, said Tan.

Discover what trends emerged in the property market since the Overnight Policy Rate cuts this year. 

As such, he expects some corporations to even increase the size of their offices so they could bring their entire workforce back to work while complying with the physical distancing rule.

“The Covid-19 pandemic has certainly brought a paradigm shift to the design and usage of office spaces,” NST quoted him as saying.

KL33 Properties Sdn Bhd recently unveiled the first ‘Covid Secure’ office space at Menara KL 33, a 25-storey Grade A office building in Kuala Lumpur.

Tan shared that the Covid-secure office space had been specifically retrofitted and reconfigured based on the six-feet physical distancing requirement to prioritise the health, safety and well being of tenants and occupants.

The central air ventilation system at Menara KL33 had also been modified to provide the indoor environment with more fresh air. To reduce airborne microorganisms, tenants also have the option to install Ultraviolet Air Sterilisers.

By pivoting the Covid-secure office concept, KL33 Properties was able to meet the evolving requirements of workplace operations as well as provide an environment that instils confidence that it is safe to return to the office again.

“In the wake of the COVID-19 pandemic, many companies are operating under tremendous pressure, juggling between the need to jumpstart business, while, managing a safe return-to-work experience. We are committed to doing our part to help lighten the burden of our tenants,” said Tan.

A recent online poll of occupiers of properties that are owned and managed by the KL 33 group of companies showed that organisations exploring a safe office re-occupancy place cleaning protocols, sufficient physical distancing and modification of amenities as their top three considerations.

 

Check out these latest project reviews today! Or read our helpful Guides to learn all about the various property buying, selling and renting tips!

POST COMMENT

You may also like these articles

Covid-19 Pandemic Highlights Severity Of Struggling Office Market

The Covid-19 pandemic has added pressure to the Klang Valley’s office space oversupply woes. In fact, even before Covid-19, office space oversupply has been on the rise, exerting pressure on rent in

Continue ReadingApril 13, 2020

Occupancy For Office, Retail Space To Be Sustained In The Long Term

Demand and value of office and retail spaces deteriorated amid the Covid-19 pandemic as people adapt to the new norm of working from home and online shopping.The KLCC Stapled Group, comprising units i

Continue ReadingMay 29, 2020

KLCCP’s office segment to remain stable, thanks to triple net lease agreements

Despite the anticipated challenging environment, KLCC Property Holdings Bhd (KLCCP) expects its office segment to remain stable this year, on the back of triple net lease agreements that it had entere

Continue ReadingJune 24, 2020

Feedback