KUALA LUMPUR (Jan 23): Malaysia has the potential to transform itself into a real estate investment hub by 2020 with the completion of the mass rapid transit and the high speed railway linking Singapore.
Director of Ho Chin Soon Research Sdn Bhd, Ho Chin Soon, said while there are concerns over an oversupply situation, the free market will take care of itself.
“For example, there are some buildings that are still new and the rentals are too high. To attract rental, the landlords may need to introduce a rent-free period,” he said during the 6th Malaysian Property Summit 2013 on Jan 22.
“Infrastructure projects like the MRT system will determine market share. Infrastructure projects like highways will help townships in the outskirts,” he added.
Mega projects attracting attention include the Tun Razak Exchange, PJ Sentral, Warisan Merdeka and Bukit Bintang City Centre, he said.
“Government linked companies will take centre stage in future in terms of real estate development,” he said. – Bernama