KUALA LUMPUR (March 12): While demand for warehouses and logistics facilities has been strong since the pandemic, the reopening of the country’s borders in April last year has had an even more positive impact on the sector, as reflected in the transaction data.
According to the National Property Information Centre (Napic), there was a transaction volume of 6,043 units of industrial properties in the first nine months of 2022 with an accumulated transaction value of RM15.2 billion, compared with the full-year transaction volume of 5,595 units and a total value of RM16.9 billion in 2021.
Property consultants point out that as businesses continued to expand, there was a demand for more storage capacity, predominantly in warehouses and e-fulfilment centres. The performance of industrial spaces augurs well for the industrial property sector going into 2023, and demand is expected to grow further.
In the same issue, we speak to Shayher Group about its upcoming launch located in Puncak Jalil, and to UK-based developer British Land about the launch of the first residential tower within its Canada Water Masterplan in southeast London. We also have a report about how environmental, social and governance (ESG) is changing the industrial property landscape.
Read all about it in the March 13 issue of City & Country.
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