JLL Malaysia logistics and industrial team member Derek Yap said warehouse absorption in Greater Kuala Lumpur remained robust last year, as demonstrated by the strong pre-commitment level from occupiers.
In a sector update on Friday, the research house said that if the government decides to proceed with the Johor Light Rail Transit (LRT) and Kuala Lumpur-Singapore High-Speed Rail (HSR) projects, it could boost demand for residential, commercial and industrial properties in Iskandar Malaysia in the coming years, leading to an increase in prices for strategically located parcels of land.
Panellists discussed what investors and consumers should watch out for when buying into stratified integrated development.
PEPS president Subramaniam Arumugam: Micromanaging the real estate sector in this sector in this manner, particularly through a government bureaucracy, may not align with investor-friendly policies.
“This time, the development is more focused.
Knight Frank Malaysia senior executive director of research and consultancy Judy Ong: Despite the inflationary pressures and elevated OPR (overnight policy rate), the residential property market appears to be moving in a positive direction, marked by increased sales volume, new property launches and successful completions.
“People in the Klang Valley are becoming more receptive to high-rise living due to land scarcity and affordability.
“The group is actively seeking new lands with preference for large lands for township development, leveraging its strong balance sheet and expertise in the field.
Property cycles, once a vague but nevertheless useful guide to the timing of new property launches, no longer exist.
RHB IB said many local institutional funds have yet to take a meaningful position in the property sector.
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