PETALING JAYA (Oct 27): The Purpose-Built Office (PBO) Rental Index for Klang Valley, Johor Bahru, and George Town grew in the second quarter of 2017 (2Q17) from a year ago, according to the “Economic Report 2017/2018”.

The Kuala Lumpur rental index rose by 3.7% to 133.5 points, compared with a 4% growth to 128.7 points in 2Q16 from a year ago.

The city centre saw growth of 4% while areas outside the city centre inched up 2.5%.

Growth in Selangor, Johor Bahru and George Town were 3.8% to 120.3 points, 4.2% to 126.2 points, and 5.2% to 122.6 points, respectively.