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Kuala Lumpur : New completions increase competition in retail sector - Q2 2014

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The Malaysian economy registered strong growth of 6.2% in Q1, driven by a stronger expansion in domestic demand and a turnaround in net exports. The Overnight Policy Rate (OPR) was maintained at 3.00% during Q1. Malaysian economic growth will remain anchored by domestic demand, with additional support from the improvement in the external environment as global economic conditions improve.

Total investment value plunged quarter-on-quarter (q-o-q) in Q2 but this did not reflect any change in sentiment, with several major deals yet to be concluded. Several major joint-venture development deals will see the emergence of Lend Lease as a major foreign developer in Malaysia, as it secured deals with UEM Sunrise Bhd and IMDB respectively for a proposed mall at Mont Kiara and a mixed development project within the upcoming TRX.

Source : DTZ (Groupe UGL)

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Keywords : DTZ