Property
Growing demand for Cybercentres
Ang Hui Hsien | 04 Aug 2017 00:30
In the 20 years since Cyberjaya was launched under the Multimedia Super Corridor (MSC) initiative by former Prime Minister Tun Dr Mahathir Mohamad, the jury is still out on whether the Cybercity has truly become the region’s version of Silicon Valley.

While the MSC was all about making Malaysia an information and communications technology (ICT) power house, the move to set up Cybercities and Cybercentres nationwide is seen as a resounding success from a property development perspective.

Demand for properties with the MSC status is growing steadily, although their supply remains limited. The strong demand comes not only from companies with MSC status but also those which do not have the status as well.

According to the Malaysia Digital Economy Corp (MDEC), it continues to receive a steady stream of applications and enquiries about Cybercentre and Cybercity status from developers.

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