Kuala Lumpur’s industrial market driven by international plans and strategic expansions — JLL Malaysia
KL’s industrial market saw completions in 1H2024 with approximately 1.
KL’s industrial market saw completions in 1H2024 with approximately 1.
Speaking at the launch of JLL Malaysia’s 2Q2024 Greater Kuala Lumpur (KL) Property Market Monitor on Wednesday, JLL Malaysia managing director Jamie Tan said that the upward price trend for both primary and secondary markets is due to inflation, as well as the rising of construction cost and building material prices.
Maybank Investment Bank Research analyst Wong Wei Sum upgraded the property sector to “positive” from “neutral” previously, on grounds of value emergence.
The URA policy for redevelopment on single buildings and its ad hoc planning on piecemeal plot basis is not a holistic approach to address the overall slum neighbourhood problem.
To sustain the infrastructure investment level in the face of reductions in the central government capital grants, countries need to embrace the idea of sub-national entities accessing private finance for investments in public infrastructure and services.
Neighbours around the site include brewer Carlsberg Brewery (Malaysia) Bhd, integrated agro-based business group QL Resources Bhd and frozen food manufacturer Kawan Food Bhd.
At one time, the development sector found itself navigating through turbulent waters amid a dramatic surge in legal cases with estimated claims of a whopping RM48,819 million with respect to the EOT granted between 2016 to 2020.
“International orders are coming in fast.
Newly launched Grade A projects in Kuala Lumpur recorded significant take-up from major international tenants, as occupiers gravitated to high-quality spaces with green accreditation, the report said.
The retail REIT sector is facing challenges from the recent increase in the sales and service tax (SST) to 8%, weak consumer spending, sustained elevated inflation, and fuel subsidy rationalisation.