The Edge Malaysia |
The decision to build other property types without considering shophouses is something that Rahim & Co International Sdn Bhd real estate agency CEO Siva Shanker believes developers should re-examine.
“People are not building the right things. They are chasing the money, which leads to a huge oversupply of serviced apartments, hotel rooms, office space and retail malls, but shophouses are good investments. This is because they don’t fly high during good times, but they don’t crash and burn during bad times, either,” he reasons.