AS at the end of the third quarter (3Q19), the amount of retail space in decentralised areas of the Klang Valley, defined as “Outside Kuala Lumpur City” (OKLC), has grown to 38.1 million sq ft.
The growth is partly due to a planning policy which steer developers of serviced residences – a residential product built on land with commercial title – to include retail space and amenities, for example, a coffee shop, mini-market, hair salon and laundrette within their projects.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!