Malaysia's industrial land prices rise to unreasonable levels

From Star Online: Archieves

2nd May 2013

KUALA LUMPUR: “Chronic” speculation has driven up prices of industrial land to outstrip even that of some advanced Western countries, said Malaysian Real Estate Investment Trust (REIT) Managers Association chairman Datuk Stewart LaBrooy.

Citing an example, he said the cost of industrial land in Germany, at RM20 per sq ft, was now cheaper than Malaysia.

“I can't find land for RM20 per sq ft here unless it is a swamp, in which case it would need a lot of money to rehabilitate.