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Article: Making of Klang Valley's next Golden Triangle

Article from:
New Straits Times
Article date:
July 17, 2009
Author:
Copyright

Tiffany Goh
New Straits Times
07-17-2009
Making of Klang Valley's next Golden Triangle
Byline: Tiffany Goh
Edition: Main/Lifestyle
Section: Property
Column: Market pulse

FOLLOWING Kuala Lumpur City Hall's ban on the construction of new office buildings in the city after the 1997 Asian financial crisis, the office market has had a few boom years since early this decade. In addition, the conversion of several commercial projects into serviced apartments in KL has resulted in a limited incoming supply of office space over the years.

Interest in the office sector became more evident in 2007 with the development of real estate investment trusts and pent-up demand from local and multinational ...

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