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Real Estate on the Upswing in Malaysia

Feb 8, 2024
Knight Frank Malaysia is projecting strong investment in commercial real estate in Malaysia, as reported in The Star.

Knight Frank Malaysia is projecting strong investment in commercial real estate in Malaysia, as reported in The Star.

"Knight Frank Malaysia (Knight Frank) believes that funding will further intensify in the retail, healthcare and educational sub-sectors, with growing interest also observed in alternative investments, particularly into serviced residences or hotels as well as industrial parks in key regions like the Klang Valley, Penang and Sabah...It is also anticipating a rise in capital appreciation in the industrial and logistics sub-sectors in 2024, reflecting positive sentiment towards these segments."

Group managing director for Knight Frank, Keith Ooi, commented that the revival of the Malaysian commercial real estate market is underpinned by a surge in demand for data centres in the Asia-Pacific region, coupled with growing interest in alternative investments such as serviced residences and industrial parks, the article further reported. 

Stephanie Ping and Andrew Yeow, chief executive and chief financial officer respectively for Incompleteness Theorem Sdn Bhd - more popularly known as coworking space provider WORQ - are also expecting foreign firms to continue growing their presence in Malaysia, according to the article. 

“Malaysia is well-positioned to integrate into the global supply chain and provide services to it, due to our diverse multilingual workforce and robust small-medium enterprises (SME) ecosystem.

“The recent economic trends in Malaysia, highlighted by significant FDI and a focus on bolstering the technology and telecommunications sectors, have positioned the country as an attractive destination for global firms from China, Singapore, India, the US, and Europe, looking to expand,” they told StarBiz.

CoreNet Global will host its Global Summit APAC in Kuala Lumpur, 5-7 March. 

David Harrison