JLL Malaysia: Temporary development curbs will bring “much-needed” relief

PETALING JAYA (Nov 21): The temporary freeze on approvals for the development of shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million will be a much-needed relief for landlords or owners of office and residential buildings as it will allow the market to absorb the existing large supply through rising population growth, urbanisation and migration to cities, said JLL Malaysia associate director, research and consultancy Veena Loh.

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