KUALA LUMPUR: Global real estate consultancy Knight Frank
has rated Malaysia as offering the best value for money for real estate
investors in the world, and the highest yields and least volatility in the
market across the Asia-Pacific region.
Knight Frank LLP's 2017 Global Cities report, which analysed
real estate markets across 30 countries, favourably cited Malaysia, where a
prime office building of over 390,000 sq ft could be purchased for just US$100
million.
"Coupled with the step-up on transport infrastructure
development, which increases mobility and connectivity throughout Greater Kuala
Lumpur, this transformation gives the city the edge, and represents the best
value propositions for any multinational corporations (MNCs) or investors in
the Asia-Pacific region," said Knight Frank Malaysia managing director
Sarkunan Subramaniam at the 2017 Global Cities report briefing here yesterday.
The report, however, said that Kuala Lumpur's prime office
rents are forecasted to experience negative growth at 1.1 per cent.
In addressing this, InvestKL Malaysia chief executive
officer Datuk Zainal Amanshah said instead of seeing the downturn as unfavourable,
the negative growth positions Malaysia as an attractive business location for
MNCs and investors.
"Kuala Lumpur today has several business hubs for
investors to choose from.
"Global MNCs are looking at the city's fluid business
ecosystem and cost-competitive factor as favourable advantages, compared to
other major cities in the region.
"Kuala Lumpur's competitive real estate rates,
cost-effective talent and generally lower operations costs are main criteria
considered," said Zainal.
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