REAL estate consultants believe that the local hospitality market will continue to enjoy more upside driven largely by the tourism market growth and foreign investments.Zerin Properties chief executive officer Previndran Singhe said the country’s hotels and resorts will soon be experiencing new trends that have been taking place on the international front.On the office market segment, CH Williams Talhar & Wong Sdn Bhd managing director Goh Tian Sui said that the segment’s benchmark selling price would be boosted to a new level above thatof RM1,230 psf recorded by the upcoming Menara YNH along Jalan Sultan Ismail.For the investment and retail market’s performance for 2007 and outlook for 2008, executive chairman of Regroup Associates Christopher Boyd feels confident that the rental rates in shopping centers in the Klang Valley have the potential to reach RM100 psf.
(The Sun 29-2-2008)
