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Huge rise in commercial property loans in Malaysia | 17 May 2012

There has been a significant rise in the amount of commercial property loans taken up in Malaysia.

Official figures have indicated a 22.7 per cent annual spike in commercial property loans from March 2011 to March 2012, which is a higher increase than loans for any other purpose. The figure represents a 66 per cent growth in the last three years.

Pong Teng Siew, who is head of research at equity research firm InterPacific Research, claimed that the growth was reflective of the strong Malaysian economy over the last few years.

However, in an interview with commercialasia.com, he was keen to question whether such a level of borrowing could ultimately result in a potential asset bubble.

He said: “Starting from the end of 2009, there has been a big loan growth in the non-residential sector. The pick-up in loan growth in this sector was evident in the second half of 2009. This is faster than for any kind of loans. Can this pace of loan growth be sustained?”

Propertyshowrooms.com report that Malaysian investors are particularly keen to invest in retail buildings and that a number of huge investments were still in the pipeline. The hospitality sector was also described as “quite bullish” at the present time.

Written by Joe Elvin on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

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