PETALING JAYA: The commercial real estate (CRE) market has historically posed major risks to the balance sheet of financial institutions, playing an amplifying role in financial crises globally.
“In Malaysia, post-pandemic structural trends are likely to add to pre-existing imbalances. Vacancy and rental rates have worsened since the onset of the pandemic and could take longer to improve given the structural shifts observed,” Bank Negara said in its financial stability review for the second half of 2021.
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