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Industrial Property Sector To Grow Further

Last update: 23/01/2018

KUALA LUMPUR, Jan 23 (Bernama) -- The industrial property sector is expected to grow further this year, driven by higher demand for logistic/industrial space as the country is approaching into Industry 4.0.



Rahim & Co. International Sdn Bhd Research Director Sulaiman Akhmady Mohd Saheh said growth in e-commerce in particular has gained more attention as it has been recognised as a critical enabler to accelerate revenue growth for the Malaysian economy.



"There will be a new trend on how industrial properties should look like with the new technology.



"For example, smart factor that is gaining traction in the marketplace with the implementation of smart building technologies with cutting-edge solutions that has features such as energy monitoring and smart applications," he said at the 11th Malaysian Property Summit 2018 here today.



Sulaiman said hence, there is potential for the industrial sector to expand its operations, as well as opportunities for the supply of new breed of industrial properties.



He said the growth of e-commerce, especially in Asia Pacific, was creating new high-value assets that were now coming on stream.



-- BERNAMA