Time for a change in Sungai Buloh's industrial property market

Time for a change in Sungai Buloh's industrial property market
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KUALA LUMPUR (March 13): Bordering the bustling Kepong and Damansara, Sungai Buloh has attained maturity over the past 20 years. The development of this area is anchored by industrial and residential segments.

The industrial market in Sungai Buloh is well known for its many local small and medium-sized enterprises (SMEs), especially those in furniture and wood industries, as well as industrial hardware. It enjoys high occupancy and is predominantly occupied by owners themselves. This is evident by the comparatively limited industrial property supply and transactions in the market.

Nevertheless, the majority of the industries in Sungai Buloh are local SMEs, owing to the narrow road access as well as limited land bank for large-scale industrial set-ups.

Throughout the past five years, the price range has been stable around the RM80 to RM110 psf range, depending on variance attributed to the shape and the tenure. There have been only less than 20 recorded transactions since 2017.

Read more about it in The Edge Malaysia weekly’s March 14 edition.

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