Malaysia’s office market could be about to receive unprecedented interest.
Malaysia’s office market could see a sudden demand among investors. This is due to a number of factors that include the weak ringgit and the government who are injecting considerable investment into infrastructure, residential and commercial projects. Couple this with other global events such as Brexit and the new administration in America, many are shying away from this traditional investment safe havens and are enticed by the current attractive qualities of Malaysia instead.
Considered to be a fairly low maintenance investment, now is proving to be a lucrative time to invest in commercial space. The slowdown of the oil and gas industries has freed up a lot of office space. This surplus in demand will ensure low prices that will entice investors whether they need the property for their own company or if they intend to become a landlord and let it out.
The announcement of a string of new developments has created a stir on an international level. Many investors have been spurred on to invest thanks to the Mass Rapid Transit plans, plus other projects that include Bandar Malaysia and Forest City. This heightened interest has increased the demand for both residential and commercial property.
According to CBRE, they recommend that investors consider office space in prime areas. The real estate firm have noticed an uptick in interest in the office space according to their Asia Pacific Investor Intentions Survey 2017. Citing that Malaysia has, ‘extraordinary stability of property investment’. CBRE expect interest in Malaysia to rise due to the low price points, potential for future appreciation and expect that once the oil and gas industry has recovered that demand will rise again.
