Malaysia’s commercial property market will likely continue to have a downward tone, according to the RICS Global Commercial Property Survey Q2 2012.
The survey highlighted that further increases in supply plus the weakening tenant demand show a negative outlook for the occupier market. Rental expectations across industrial, retail and office sectors dropped with an all property net balance of -28. Also, the decline in investor market is expected to put capital values lower over the next quarter.
On the other hand, commercial property market in Hong Kong and China continue to perform well despite the slump felt by other key Asian countries.
Both markets were less affected by the unstable global market. Demand for both occupier and available space in China continued to grow, resulting to rising rental expectations and a net balance of +25.
No comments:
Post a Comment