Knight Frank Malaysia: Digital Economy Push will fuel rush for industrial property
Just me or is the property market getting better?
Basics to any property demand has to be the building up of the people who could demand for the properties. Without real demand, then there’s only speculation and that’s not healthy at all yeah. This is property investment 101.
I noticed recently that there are now more news about industrial properties. I think this is a good sign that the economy is moving along and usually, all these would have to happen in order for more jobs to happen and when more jobs happen, then more people would have salaries to spend and well, then the demand for residential properties would also be moving up.
It could not start with residential properties first and then driving the growth in industrial properties. No one will move to a new place to work if there are no jobs and no jobs can be created if there are no new factories, warehouses etc, right? Now, we have affirmation from Knight Frank Malaysia.
Article in malaymail.com Knight Frank Malaysia said the government’s push for digital economy has seen large institutional investors like Permodalan Nasional Berhad and civil service pension fund KWAP pouring money into projects to build factories and warehouses in high-tech industrial parks.
Knight Frank Malaysia said, “There is increasing interest from institutional investors and funds in the industrial sector, suggesting a growing appetite for assets that cater to the rise of the digital economy, as well as ongoing need for manufacturing and logistics space.”
Approved manufacturing investment in Klang Valley surged by 244 per cent in the first quarter of 2024, fuelled by robust foreign investment which accounted for 61.5 per cent of the total.
Five new major high-tech industrial parks within the Valley are on schedule to begin running by this year. Among the most notable is the Metro Hub 1 & 2, E-Metro Logistics Park, developed by Sime Darby Property. Please do read here for the full article: Article in malaymail.com
Do I think Malaysia will exceed the GDP growth forecast?
IMF upgraded their forecast for GDP growth in Malaysia.
StanChart’s forecast for Malaysia GDP growth is higher than most other forecasts.
AMRO says it will be 4.7 percent from their previous forecast of 5 percent previouly
Our Bank Negara Malaysia is conservative. Between 4 to 5 percent.
We can see that the forecasts range from 4 percent (low side) until 4.8 percent (high side) plus Bank Negara Malaysia (BNM) said that there’s a chance for 5 percent or at the lowest end, 4 percent. In other words, it’s a certainty that we are growing. It’s just by what percentage. Do take the right action if you also believe all these predictions yeah. Cheers.
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