Developers opt for strata route to sell buildings

Oxley Holdings (Malaysia) Sdn Bhd CEO Datuk Othman Omar

PETALING JAYA: The rout on oil prices, the Klang Valley’s oversupply of office space and the overall soft property market have compelled developers to change tactics when selling their buildings.

The rental market also found itself in a similar situation, where office building owners are lowering their rental to retain tenants or extending rent-free periods to potential tenants.