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Kuala Lumpur may become Southeast Asia’s biggest office market

36 12 19

THE Malaysian capital is expected to become the biggest office space market in Southeast Asia despite a cooling economy that is tipped to affect the region this year.

Property consultant Savills Malaysia said office rentals in the Greater Kuala Lumpur area, the expanse of urban areas that stretch beyond the city centre to the Klang Valley, were likely to remain weak but will see demand from the IT industry, co-working operators, and the finance sector, among others.

“With existing supply of 123 million sq ft, we are getting very close to Hong Kong’s 127 million sq ft. The additional 20 million sq ft due for completion by 2022........

© Asian Correspondent