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Contributor
/// Banking and Investment News
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BANKING &
INVESTMENT
NEWS
The banking and investment industry has a crucial role
to play when it comes to property. Read about the most
recent news and trends in this trade
Malaysia, a Retail Property Goldmine
“The government has been very proactive in
Malaysia, particularly in the Johor Bahru region.
The infrastructure investment goes in and you can
see there’s going to be a big upsurge in people
and the dynamics of the area will change and that
will have a hugely beneficial effect on retail,” said
David Raven, Lead Director for Retail Investments
at the property firm.
Meanwhile, JLL’s report reveals that Asian
shopping malls are the latest ‘must have’ for
investors, who are eyeing the region’s robust
consumer spending driven by rapid urbanisation.
Despite fears over the US Federal Reserve
tapering and China’s slower than expected
GDP growth, retail investment in Asia soared
by 41 percent year-on-year to US$21.17 billion
(RM69.44 billion) in 2013.
Malaysia emerged as retail property hot spot in
2013 among developing markets in the region,
according to report by Jones Lang LaSalle (JLL).
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www.PropertyHunter.com.my
In particular, retail cum commercial projects were
very sought-after last year. “The Knightsbridge
mall on Singapore’s Orchard Road is a good
example of this. It sold to Bright Ruby Re