Suburban offices to draw MNCs from KL and Singapore

Teoh Eng Poh

KUALA Lumpur and Singapore have long been the hub for many multinational companies (MNCs) to site their Asian headquarters. As city land becomes scarce, commercial property rates rise, MNCs are beginning to decentralise to areas surrounding city centres and Malaysia is a beneficiary of this trend.

For one, Malaysia has Iskandar Malaysia where two flagship zones have been earmarked to be the pulse of a metropolis and many new Grade-A offices are being developed beyond the city centre in the Klang Valley.