Kuala Lumpur DIGEST, Q1 2023

Market growth expected to lose steam

Key Highlights:

  • Uptick in activities driven by local players despite emerging external risks.
  • While occupiers remain prudent in spending, many companies continue to explore their workplace strategy, leading to active leasing inquiries. We expect the trend towards a flight to quality to grow.
  • Despite a moderating inflation rate, we expect a bumpy road ahead for the retail sector.
  • Residential real estate players will remain vigilant in making their moves as cost of living is becoming an outgrowing issue.

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