Moderate growth seen for industrial property sector

Ongoing work: Aerial view of the construction of Pan Borneo Highway at the Nyabau-Bakun Sibu-Bintulu junction. It is among the infrastructure developments that will help spur the industrial property segment. – Bernama

PETALING JAYA: The industrial property sub-sector is anticipated to grow moderately this year, boosted by ongoing Government initiatives to boost investments and stable opportunities within this segment.

According to the National Property Information Centre’s (Napic), the establishment of the Principal Hub initiative that offers multiple advantages to multinational corporations that uses Malaysia as a base for their regional and global business operations, will entail better prospects for the industrial sub-sector.