Rising supply of retail and office space worrying

Ng: ‘The outlook for 2017 remains challenging. Consumers will continue to stay cautious in their spending and retail sales growth is expected to be modest in the short term.’

PETALING JAYA: Malaysian REIT Managers Association (MRMA) chairman Datuk Jeffrey Ng said Malaysian REITs will give an average distribution yield this year of 6.3% despite the escalating supply of office and retail space in the country, particularly in the Klang Valley.

This represents a modest increase from the 5%-6% average distribution yield last year, he said.