Market

The Malaysian real estate market has shown signs of improvement since last year, but it has yet to fully recover to pre-pandemic levels, according to Datuk Seri FD Iskandar Mansor, the group managing director and CEO of Glomac Bhd. FD Iskandar noted that there is a growing interest in property investment and real estate in Malaysia. However, several challenges continue to impact the industry's...

The much-anticipated retail component of The Exchange TRX, located within Kuala Lumpur's Tun Razak Exchange international financial district, is poised to welcome visitors on November 29. This joint-venture development between Lendlease and TRX City Sdn Bhd promises to transform the city's retail landscape. With an impressive 95% occupancy rate, The Exchange TRX boasts over 400 stores spread across a vast...

As cranes increasingly dot Malaysia’s skylines and construction sites buzz with non-stop activity, a curious imbalance has taken shape. Amid the rising apartment complexes, suburban enclaves, and gated communities, a significant number of residential properties stand vacant, their doors open and awaiting the footsteps of prospective occupants. The phenomenon of overhang and unsold residential...

Genting Highlands, often dubbed the "City of Entertainment," is rapidly transforming into a sought-after real estate destination. Nestled amidst the Titiwangsa Mountains, this highland paradise offers more than just entertainment and leisure. Here are compelling reasons why investing in property in Genting Highlands is a smart move: 1. Thriving Tourism: Genting Highlands is a magnet for tourists. In 2022...

Kerjaya Prospek Group Bhd continues to aim for a new contract win target of RM1.2 billion for 2023, having already secured RM533.4 million in new projects this year. Out of the RM533.4 million, RM135.4 million is allocated for the development of BBCC Development in Bukit Bintang, Kuala Lumpur, where Kerjaya Prospek plans to erect a 21-storey structure. The remaining RM398 million is designated for the...

The traditionally robust real estate sector now faces fresh challenges brought about by high interest rates and evolving work patterns, according to Benjamin Tay, Rajah & Tann Singapore LLP's Deputy Head for Corporate Real Estate. To maintain stability and continual growth, investment companies are adopting different strategies. Tay indicates that in these times of market volatility and uncertainty,...

ECA International's recent cost of living analysis places Kuala Lumpur as the 35th most expensive city in Asia and 175th on a global scale for expatriates. Other Malaysian cities, including George Town, Kota Kinabalu, and Johor Bahru, saw a slight drop in their rankings, securing 189th, 195th, and 198th positions, respectively. Lee Quane, ECA International's Asia Regional Director, attributes the drop in...

Sentral Real Estate Investment Trust (Sentral REIT) has announced its intention to acquire the 27-story Menara CelcomDigi, previously known as Menara Celcom, from the Malaysian Resources Corp Bhd (MRCB). Sentral REIT's management company, Sentral REIT Management Sdn Bhd, has accepted a letter of intent from MRCB, kick-starting the negotiations for the proposed acquisition. Although the exact acquisition...

The rapid growth of digital infrastructure in Malaysia is making the nation an increasingly attractive hub for data centres and investment. This development is propelled by enhanced investments in components such as cable landing stations, additional underwater cables, 5G, and upgraded fibre connectivity. As per JLL's new Global Data Centre Outlook, leading sites in Malaysia currently include Selangor,...

Celebrating its seventh year in Malaysia, the Forest City project in Johor, once widely referred to as a "ghost town," marks an important step in the growth of sustainable and flourishing communities, according to Country Garden Pacificview Sdn Bhd (CGPV). CGPV, the master developer and real estate collaboration between Esplanade Danga 88 Sdn Bhd and Country Garden Holdings Co Ltd, is making steady...