KUALA LUMPUR, July 22 — Knight Frank Malaysia expects the country to remain an attractive destination for high-value manufacturing and global services in Asia.
Its executive director of research and consultancy, Judy Ong said the pandemic has accelerated the e-commerce boom and it augurs well for the industrial property market. “With lockdowns and restrictive movements, there is a structural shift towards omnichannel retailing,” she said. However, she expects the industrial growth momentum, which was initially expected to continue into the second half of 2021 and beyond, would be derailed as Malaysia grapples with the current spike of Covid-19 infections.
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