






{"id":11044,"date":"2021-02-16T16:13:38","date_gmt":"2021-02-16T09:13:38","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=11044"},"modified":"2024-09-23T15:52:01","modified_gmt":"2024-09-23T08:52:01","slug":"malaysias-robust-industrial-property-sector-illuminate-an-otherwise-bleak-industry-outlook-for-2021","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/malaysias-robust-industrial-property-sector-illuminate-an-otherwise-bleak-industry-outlook-for-2021\/","title":{"rendered":"Malaysia&#8217;s robust industrial property sector reinforce an otherwise bleak outlook for 2021"},"content":{"rendered":"<p><span class=\"TextRun SCXW82442027 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW82442027 BCX0\">&#8220;New manufacturing investments are expected to remain encouraging in 2021,\u201d forecasts CBRE | WTW<\/span><\/span><span class=\"EOP SCXW82442027 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_11045\" aria-describedby=\"caption-attachment-11045\" style=\"width: 749px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-11045\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1068466238-1.jpg\" alt=\"\" width=\"749\" height=\"474\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1068466238-1.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1068466238-1.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1068466238-1.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1068466238-1.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/02\/shutterstock_1068466238-1.jpg 749w\" sizes=\"(max-width: 749px) 100vw, 749px\" \/><figcaption id=\"caption-attachment-11045\" class=\"wp-caption-text\">Penang anticipates more purpose-built worker dormitories to pop up around Seberang Perai\u2019s major industrial parks. MohdNasriBinMohdZain\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">The industrial property sector in Malaysia continues<\/span><span data-contrast=\"auto\">\u00a0to serve as a ray of light\u00a0<\/span><span data-contrast=\"auto\">in\u00a0<\/span><span data-contrast=\"auto\">the country\u2019s glum real estate<\/span><span data-contrast=\"auto\">, whilst <\/span><span data-contrast=\"auto\">hospitality, retail, and other\u00a0<\/span><span data-contrast=\"auto\">tourism-reliant sector<\/span><span data-contrast=\"auto\">s<\/span><span data-contrast=\"auto\">\u00a0battle<\/span><span data-contrast=\"auto\">\u00a0the harsh effects of the pandemic<\/span><span data-contrast=\"auto\">, shared Foo Geen Jen, the group managing director of CBRE <\/span><span data-contrast=\"auto\">| WTW<\/span><span data-contrast=\"auto\">,<\/span><span data-contrast=\"auto\">\u00a0during the press launch of\u00a0<\/span><a href=\"https:\/\/cbre-wtw.com.my\/wp-content\/uploads\/2021\/01\/2021-Real-Estate-Market-Outlook_Malaysia-1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">\u2018Restart the Uneven Recovery\u2019<\/span><\/a><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">Real Estate Market Outlook 202<\/span><span data-contrast=\"auto\">1 report<\/span><span data-contrast=\"auto\">.<\/span><\/p>\n<p><span data-contrast=\"auto\">In the long term, the main prospects for real estate are<\/span><span data-contrast=\"auto\"> regional logistics and warehousing, revealed Foo.<\/span><span data-contrast=\"auto\">\u00a0He said that<\/span><span data-contrast=\"auto\">\u00a0\u201cthe growing demand for last-mile delivery facilities is in line with the expansion of e-commerce and the expectations of an increasingly sophisticated market.\u201d<\/span><\/p>\n<p><span data-contrast=\"auto\">According to the report, the\u00a0<\/span><span data-contrast=\"auto\">e-commerce sector<\/span><span data-contrast=\"auto\">\u00a0grew rapidly,<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">accumu<\/span><span data-contrast=\"auto\">lating\u00a0<\/span><span data-contrast=\"auto\">over MYR100 billion (USD<\/span><span data-contrast=\"auto\">24.7 billion)\u00a0<\/span><span data-contrast=\"auto\">worth of investments in 2020<\/span><span data-contrast=\"auto\">, whereas warehouse and logistics<\/span><span data-contrast=\"auto\">, as well data centres<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">also\u00a0<\/span><span data-contrast=\"auto\">experienced a rise in demand.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cData centres are a niche sector that has received many enquiries in recent years amid digitalisation, with the main contributors being Industrial Revolution 4.0 and e-commerce. As Malaysia is very stable in terms of geography, we are well-positioned for data centres,\u201d <\/span><span data-contrast=\"auto\">s<\/span><span data-contrast=\"auto\">ai<\/span><span data-contrast=\"auto\">d\u00a0<\/span><span data-contrast=\"auto\">Foo.<\/span><\/p>\n<p><span data-contrast=\"auto\">Meanwhile,\u00a0<\/span><span data-contrast=\"auto\">CBRE | WTW director Jonathan Lo believes that\u00a0<\/span><span data-contrast=\"auto\">the\u00a0<\/span><span data-contrast=\"auto\">cons<\/span><span data-contrast=\"auto\">truction of the Singapore-Johor Bahru Rapid Transit System (RTS)<\/span><span data-contrast=\"auto\">, which\u00a0<\/span><span data-contrast=\"auto\">began\u00a0<\/span><span data-contrast=\"auto\">la<\/span><span data-contrast=\"auto\">st November<\/span><span data-contrast=\"auto\">\u00a0and<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">is\u00a0<\/span><span data-contrast=\"auto\">targeted\u00a0<\/span><span data-contrast=\"auto\">to\u00a0<\/span><span data-contrast=\"auto\">commence passenger services\u00a0<\/span><span data-contrast=\"auto\">by end of 2026<\/span><span data-contrast=\"auto\">,\u00a0<\/span><span data-contrast=\"auto\">will\u00a0<\/span><span data-contrast=\"auto\">have a<\/span><span data-contrast=\"auto\">n impact on the majority of real estate subsectors, including hospit<\/span><span data-contrast=\"auto\">ality and residential, logistics and manufacturing, tourism, and retail.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThe kick-off of the RTS is going to boost investor confidence in Iskandar Malaysia,\u201d\u00a0<\/span><span data-contrast=\"auto\">he added<\/span><span data-contrast=\"auto\">.<\/span><\/p>\n<p><span data-contrast=\"auto\">In Penang,\u00a0<\/span><span data-contrast=\"auto\">CBRE | WTW director Peh Seng Yee\u00a0<\/span><span data-contrast=\"auto\">anticipates more purpose-built worker dormitories to pop up around\u00a0<\/span><span data-contrast=\"auto\">Seberang Perai\u2019s major industrial parks.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">He explained that \u201cnew manufacturing investments are expected to remain encouraging in 2021. Transaction activities are expected to remain active, while prices and rents remain stable amid the pandemic.\u201d<\/span><\/p>\n<p><span data-contrast=\"auto\">The industrial sector in Sarawak,\u00a0on the other hand,\u00a0<\/span><span data-contrast=\"auto\">is forecasted to remain stable this year due to the government\u2019s ongoing support for small and medium enterprises, said Robert K S Ting, managing director of C H Williams Talhar Wong &amp; Yeo Sdn Bhd.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/malaysia-real-estate-market-prospects-2021\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Malaysia real estate market prospects 2021<\/strong><\/a><\/p>\n<p><span data-contrast=\"auto\">\u201cDespite the temporary slowdown in this sector, the supply chain, logistics, warehousing, and distribution hubs still play an important role and see increased demand,\u201d said Robert.<\/span><\/p>\n<p><span data-contrast=\"auto\">Other<\/span><span data-contrast=\"auto\">\u00a0industrial projects that are set to take advantage of the growth potential<\/span><span data-contrast=\"auto\">\u00a0not only in Penang and Sarawak, but<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">a<\/span><span data-contrast=\"auto\">cross the country<\/span><span data-contrast=\"auto\">\u00a0include\u00a0<\/span><span data-contrast=\"auto\">t<\/span><span data-contrast=\"auto\">he 20<\/span><span data-contrast=\"auto\">20<\/span><span data-contrast=\"auto\">\u00a0<\/span><a href=\"https:\/\/www.asiapropertyawards.com\/en\/award\/malaysia\/archive2021\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">PropertyGuru Asia Property Awards (Malaysia)<\/span><\/a><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">Best Industrial Developer winner<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">AME Development Sdn Bhd<\/span><span data-contrast=\"auto\">\u00a0and Best Industrial Development titleholder i-Park@Senai Airport City by iPark Development Sdn Bhd.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">As for<\/span><span data-contrast=\"auto\">\u00a0the forecasted outlook\u00a0<\/span><span data-contrast=\"auto\">of\u00a0<\/span><span data-contrast=\"auto\">Malaysia\u2019s economy, Foo said:\u00a0<\/span><span data-contrast=\"auto\">\u201cGenerally, we believe the economy\u2019s recovery will either be K- or W-shaped. In the K-shaped recovery, some sectors will do better while others will not, whereas, in the W-shaped recovery, things will yo-yo and go up and down, depending on the C<\/span><span data-contrast=\"auto\">OVID<\/span><span data-contrast=\"auto\">-19 situation<\/span><span data-contrast=\"auto\">.\u201d<\/span><\/p>\n<p><span data-contrast=\"auto\">With such an optimistic outlook, it&#8217;s just a matter of time for Malaysia&#8217;s real estate market to completely bounce back. Major corporations have already kicked it up a notch by swiftly <\/span><span data-contrast=\"auto\">coming up with innovations and processes to thrive in the midst of the pandemic<\/span><span data-contrast=\"auto\">.<\/span><\/p>\n<p><strong><i>Malaysia&#8217;s finest developers, developments, and designs will be honoured at the forthcoming 8th PropertyGuru Asia Property Awards (Malaysia), presented by regional platinum sponsor Kohler. Nominations from the general public are accepted before 9 July 2021. For more details, visit <\/i><a href=\"https:\/\/www.asiapropertyawards.com\/en\/award\/asia-property-awards-malaysia-2021\/\" target=\"_blank\" rel=\"noopener noreferrer\"><i>asiapropertyawards.com\/award\/asia-property-awards-malaysia<\/i><\/a><i>.<\/i>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;New manufacturing investments are expected to remain encouraging in 2021,\u201d forecasts CBRE | WTW <\/p>\n","protected":false},"author":9,"featured_media":21011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[1059,125,951,638],"class_list":["post-11044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-industrial-property","tag-malaysia","tag-manufacturing","tag-real-estate","news_country-malaysia","news_author-gynen-kyra-toriano"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Malaysia&#039;s robust industrial property sector reinforce an otherwise bleak outlook for 2021 | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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