Category: News (22)

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KUALA LUMPUR, June 13 (Bernama) — Cyberjaya, the ‘Silicon Valley of Malaysia’, is an attractive investment destination for European businesses, InvestKL and the European Union (EU) said in a joint statement.

Ambassador and Head of the European Union Delegation to Malaysia, Luc Vandebon, said the EU and its member states had worked closely with Malaysia at a federal level, but these initiatives needed to be brought to life on-the-ground through closer engagement with Malaysia agencies like InvestKL as well as local businesses.

“Our visit today showcased a number of the technological advancements being made by multinational companies operating in this hub and this is prime example of where EU multinational companies can use this hub successfully to support their business growth for the Asean region and globally,” he said.
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As new office towers and commercial squares continue to sprout up across Klang Valley and other parts of Malaysia. However, many people inevitably wonder if there is indeed such strong demand in the market to warrant these new development and what the rapid increase in supply would mean for the market.

 

Vision 2020 has long outlined Malaysia’s aim to become a development nation by 2020 and with the deadline drawing ever closer, the government has sped up its effort to attract foreign investments as well as to develop Malaysia as the region’s economic and trade center.

 

The push has prompted many developers to increase the supply of office and commercial properties, but some investors are lamenting the inflated price and subsequently low yield.

 

Latest figures from the National Property Information Center (NAPIC) show that residential properties still top the sales charts. On the other hand, sales of office spaces has been decreasing year on year with some developments seeing take up rate as low as 50%.

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