Malaysian retail property 'on the up'

Values of Malaysian real estate in the retail sector are being pushed higher by investor interest, it has been noted.

Speaking to Business Times, CB Richard Ellis (CBRE) Malaysia managing director Alan Soo explained that there is a "strong appetite" for assets such as shopping malls among foreign and domestic investors.

He told the publication that yields in Malaysia currently stand at between six and seven per cent, which is almost double what is available in some of the other markets in south-east Asia.

Mr Soo also pointed out that many real estate investment trusts and funds are "finding the growth potential here compelling".

Source: PropertyShowrooms.com