1. Property (Negative): This massive integrated development will add more floor space to the already over-supplied residential, commercial, office and retail segments in the Klang Valley. The saving grace is Bandar Malaysia may stimulate new demand if it is able to, as advertised, “draw major international financial institutions, multi-national corporations and Fortune 500 Companies to locate their regional headquarters” there, including “(Chinese) tech giants such as Alibaba and Huawei”. Private developers may face tremendous competition from the proposed 10,000 affordable homes in Bandar Malaysia given the units’ strategic location, public transport connectivity and potentially subsidised pricing; 2. Building Materials (Positive): The project will stimulate demand for cement and steel, of which the extent will depend on how aggressive Bandar Malaysia rolls out its launches; and 3. Construction (Positive): The local participation requirements will ensure that Malaysian construction companies get a fair share of Bandar Malaysia’s construction works. However, we are mindful that not many local contractors have worked with Chinese main contractors before, and if their experience in time will be a fruitful one.
Source: AmInvest Research - 22 Apr 2019
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speakup
PH govt must treat local Chinese better otherwise China will be upset.
2019-04-22 10:03