Real Estate & Commercial News in Malaysia from Propertyshowrooms.com

Malaysian retail property 'attracting attention'

Thu, 10 May 2012 00:00:00 GMT

Many commercial real estate investors in Malaysia are focused on the country's retail sector at present.

This is the finding of a new Savills report into property investment markets in the Asia-Pacific region in the first quarter of this year.

The firm predicted there will be "major shopping centre transactions" in the three months from April to June, highlighting several deals and developments in the pipeline.

In addition, the hospitality sector was described as "quite bullish", with an increasing number of local businesses ploughing their money into this part of the Malaysian commercial property market.

The study concluded: "The success of the retail sector is closely linked to tourism. Nearly 25 million tourists arrived in the country last year, with receipts edging close to RM60 billion (£12.1 billion)."

In the latest Global Commercial Property survey published by the Royal Institution of Chartered Surveyors, sentiment among commercial real estate professionals was largely positive for Malaysia.

Rental expectations for the coming quarter were in positive territory, while the supply of distressed assets is set to be balanced by demand. However, capital value and investment expectations were both slightly negative.

Demand for green offices rises in Malaysia

Thu, 1 Mar 2012 00:00:00 GMT

An increasing number of commercial tenants are seeking green-rated offices in the Malaysian capital Kuala Lumpur.

Savills unveiled the trend in its Asian Cities Report for Kuala Lumpur's office market, noting some occupiers are looking specifically for any buildings that comply with the US Leadership in Energy and Environmental Design (LEED) rating system.

The firm pointed out many steps are being taken to ensure Malaysia's commercial property sector is environmentally friendly, stating the nation is "catching up fast with the rest of the world and in some cases exceeding other countries in terms of initiatives".

Property owners are also more focused on finding "good-quality office tenants", rather than making savings over the course of a building's life.

Earlier this month, president of the Malaysian Institute of Estate Agents Nixon Paul told the Malaysia Star an increasing number of investors are shifting their attention from residential to commercial real estate.

He explained Malaysia's commercial property sector is considered to be more resilient than the country's housing market, highlighting the "pent-up demand" for commercial space.

Government calls on corporate support for house building programme

Wed, 10 Sep 2008 00:00:00 GMT

A News item from Business Respect, Issue Number 135, dated 30 Aug 2008Invoking corporate social responsibility, the Malaysian government has called on companies to contribute to the Amal Jariah progra...

ECER Woos China Investors

Wed, 10 Sep 2008 00:00:00 GMT

KUALA LUMPUR, Sept 10 (Bernama) -- Some 500 Chinese entrepreneurs from Guangdong province will be briefed on trade and investment prospects in the East Coast Economic Region (ECER) on Friday. The d...