Property Insights
KUALA LUMPUR MARKETBEAT REPORTS
Office: The transition to the Covid-19 endemic phase, which began on April 2022, is expected to boost domestic economy activity positively. However, the growth induced by the Covid-19 endemic phase may be neutralized by adverse and inter-related developments abroad, such as the war in Ukraine and inflationary pressures in developed economies. Overall, Malaysia’s economic performance in 2022 expanded further to 5.0% compared to 3.6% in fourth quarter of 2021. In terms of seasonally adjusted, GDP moderated at 3.9% in this quarter (Q4 2021: 4.6%). From the current economic standing, the economic performance for the first quarter of 2022 has surpassed the level of first quarter 2019 by 5.2% attributed by the strong growth in Manufacturing sector (Q1 2022: 6.6%) and Services sector (Q1 2022: 6.5%).
Industrial: Despite the challenging conditions during the Covid-19 wave which disrupted most of the supply chains and productions, there are other areas of the industrial sector that have benefitted from an increase in demand, both locally as well as overseas. Mainly, manufacturers that involved in production of electrical & electronics (E&E) equipment, healthcare products, chemical, rubber & plastic products, food and beverage has seen remarkable increase in export business.
Retail: Malaysia’s overall economic performance is picking up momentum and is anticipated to recover gradually throughout 2022 as the country transitions to an endemic phase with the relaxation of restrictions and reopening of borders. It would encourage social engagement activities and expected to lead better impact on the economy. The CPI for Q2 2022 slightly increased at 2.3% to 125.9 as against 123.1 in the same month of the preceding year while Sales of Retail Trade registered a growth of 10.8% as compared to March 2021. Among the groups that contributed to this expansion were Retail Trade Not in Stores, Stalls or Markets (26.5%), Retail Sale in Non-specialised Stores (16.2%), Retail Sale Via Stalls & Markets (11.8%), and Retail Sale of Cultural & Recreation Goods in Specialised Stores (11.4%). Compared with February 2022, sales of this sub-sector went up 2.2%.
Learn more by clicking our most recent Kuala Lumpur MarketBeat report below.
OFFICE MARKETBEAT
The transition to the Covid-19 endemic phase, which began on April 2022, is expected to boost domestic economy activity positively. However, the growth induced by the Covid-19 endemic phase may be neutralized by adverse and inter-related developments abroad, such as the war in Ukraine and inflationary pressures in developed economies.
INDUSTRIAL MARKETBEAT
Despite the challenging conditions during the Covid-19 wave which disrupted most of the supply chains and productions, there are other areas of the industrial sector that have benefitted from an increase in demand, both locally as well as overseas.
RETAIL MARKETBEAT
Malaysia’s overall economic performance is picking up momentum and is anticipated to recover gradually throughout 2022 as the country transitions to an endemic phase with the relaxation of restrictions and reopening of borders. It would encourage social engagement activities and expected to lead better impact on the economy.
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