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Malaysia: Oversupply of retail and office space

Posted on 01 November 2011

The Klang Valley will face an oversupply of office and retail space within the next two to three years, according to property consultancy CB Richard Ellis (M) Sdn Bhd. Capital values for residential units would see some increases in 2012, but at slower rates compared with the past 18 months.
CB Richard Ellis executive chairman Christopher Boyd said while 2011 was a strong year in terms of demand for office space in the Klang Valley, rental values might succumb to an oversupply situation within the next 18 months…………………………………………Full Article: Source


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