PETALING JAYA: Although local real estate investment trust (REIT) players can breathe a sigh of relief as they have been spared from the rather tough budget measures on the property sector, the coast is not all clear for the 16 REITS just yet.
Malaysian REIT Managers Association chairman Datuk Stewart LaBrooy said industry players, especially those in the office sector, had to deal with an office market that was expected to remain challenging as supply continued to outstrip demand.
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