CHOICE industrial properties are up for grabs in Petaling Jaya with values down some 60% since the 1997 recession. Despite the leasehold tenure and competition from other freehold industrial areas, PJ, due to its prime location and excellent infrastructure, is still considered a good place to do business.
From a high of about RM250 per sq ft (psf) during the Malaysian property market boom from 1995 to 1997, prices of industrial properties have hit rock bottom with some real estate experts saying that prices have stabilised and are unlikely to drop further.
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