Market

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...

Malaysia continues to captivate Chinese investors, who seek high-quality, investment-grade assets like commercial real estate that provide stable, long-term revenue unlinked to China's economic cycle, according to Juwai IQI co-founder and CEO Kashif Ansari. Chinese investors find the strengthening economic ties between China and Malaysia particularly enticing, prompting an uptick in investment interest in...

The Real Estate and Housing Developers' Association (REHDA) Malaysia has expressed the opinion that i-Miliki exemptions should be extended to all Malaysian home purchasers, rather than just first-time homeowners. Datuk NK Tong, president of REHDA, stated that many homeowners who wish to upgrade or have received property as inheritance are unable to benefit from the i-Miliki exemptions. "The incentives...

Southeast Asia's premier health-centric township, KL Wellness City (KLWC), is poised to revitalize the healthcare industry. This RM11 billion project spans 26.49 acres, establishing a robust ecosystem devoted to promoting health and wellness. Encompassing a diverse array of facilities including the Nobel Healthcare Park, KL International Hospital (KLIH), innovation labs, R&D units, healthcare office...

Malaysia is currently facing a shortage of electric vehicle (EV) charging stations, hindering the growth of the EV market. Minister of Science, Technology and Innovation (Mosti), Chang Lih Kang, revealed that the country currently operates only around 1,000 EV charging stations, significantly below its target of 10,000 stations by 2025. According to Chang, the limited number of charging stations has...

Malaysian integrated builder conglomerate, Chin Hin Group Bhd, witnessed a 24% decrease in net profit for Q1FY2023. However, the company remains resilient and announces exciting property launches in Ayanna Bukit Jalil and Avantro Bandar Kinrara, expanding their impressive portfolio. Chin Hin Group Bhd's net profit for the first quarter ending March 31, 2023 (1QFY2023) declined to RM20.05 million, compared...

Sheng Tai International Sdn Bhd has revealed its collaboration with renowned fashion brand KARL LAGERFELD in the unveiling of the KARL LAGERFELD Tower within the RM6.5 billion The Sail development located in Kota Laksamana Melaka. Set to be completed in 2030, the KARL LAGERFELD Tower will feature a combination of hotel and residential units, though specific details are yet to be confirmed as the project is...

Capitalisation rates (cap rates) of commercial properties across the Asia-Pacific region are likely to continue rising for the rest of the year, with higher borrowing costs and economic uncertainty expected to push rates up by between 75 basis points (bps) and 150bps within the next six months, according to a survey by international commercial real estate services firm CBRE. According to its...