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Retail sector gains interest of commercial investors
May 11, 2012
Several Malaysian commercial real estate investors are now focusing on the retail sector, according to Savills' recent report on Asia-Pacific's property investment market for Q1 2012.
Savills forecast "major shopping centre transactions" from April to June last year, underlining several deals and projects in the works.
Moreover, the hospitality sector was described as progressive, coupled by increasing volume of local businesses working their money into this part of the Malaysian commercial property market.
"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)," added the report.
Meanwhile, the latest Global Commercial Property survey published by the Royal Institution of Chartered Surveyors revealed a positive response for Malaysia from commercial real estate professionals.
Despite the generally positive rental expectations for the next quarter and the supply of troubled properties to be settled by demand, investment expectations and capital value still remain at the negative side to some extent.