The characteristics of purpose built offices in Malaysia: a review of issues

The development of purpose-built office market in Malaysia is basically determined by a supply-demand market. Since the purpose built office market in Malaysia has shown positive developments and increasing level of competitiveness, many building and locational characteristics have emerged and become important during the process of assessment of the office property involving property market appraisal and building performance evaluation. With these characteristics, property market participants can evaluate their property efficiently based on their needs such as for investment, management, or business planning. Recently, many new characteristics of purpose built office have also been revealed according to technology growth and national policy such as green technology, green building index classification, energy saving and sustainable development. The purpose of this paper is to identify the existing characteristics of purpose built office in Malaysia and discuss the importance of these characteristics. Integral to achieving this objective, research on purpose built office characteristics in a global and local context will also be reviewed. As a result, the issues related to purpose built office characteristics in Malaysia will be identified, and documented with greater rigor.