Occupancy rate fell to 70%-80% after Petronas Twin Towers was built

While nearly 7mil sq ft of new office space is forecast to come on stream in the Klang Valley in 2013, demand requirements may only be half of that, suggested property consultancy CH Williams Talhar & Wong.

EXACTLY one year after property consultancy Jones Lang Wootton (JLW) drew attention to the Klang Valley office market’s 100 million sq ft milestone, opposing views are brewing whether the numbers are as frightening as made out to be.

Earlier this week, property consultancy CH Williams Talhar & Wong said although the Klang Valley office market might have an oversupply of office space on plan, the situation is controllable.