We always have the perception that Klang Valley is facing an oversupply of office space.
This statement is true if we only focus on the city center area of Kuala Lumpur.
If you look at other areas, the occupancy rate and future supply are pretty healthy.

With a large educated workforce, low wages, weakening RInggit Malaysia and low rental rate per sqft compared to other major cities, it makes sense for a lot of MNCs to set up their back office or BPO to set up their operations center in Kuala Lumpur.

I may start looking at office Reits that has tech companies has tenant as soon as Fed ends the hiking cycle. JLL’s research and database, Real Estate Intelligence Services (REIS), shows that tech companies are largely located in KL Sentral, KL Eco City, Mid Valley City and Bangsar South

Source of Data:

https://www.isquareintelligence.com/insights/malaysia_property_market_purpose_built_office_rental_price

https://www.isquareintelligence.com/insights/malaysia_property_market_purpose_built_office_inventory_and_occupancy_rate

https://www.isquareintelligence.com/insights/KL-PBO-Supply-Demand-Gap

Source:iSquare​