Kuala Lumpur office glut could worsen, property report warns

Kuala Lumpur office glut could worsen, property report warns

news

Updated:
  • Nationwide office occupancy rates improved slightly to 78% by September after falling to 77.8% in June.
  • Kuala Lumpur continues to hold the largest concentration of purpose-built office space in the country.
  • Demand is shifting towards premium, ESG-certified locations, leaving older buildings struggling to compete.
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Matrix Concepts tops out RM523 mil Levia Residence KL in Cheras

Matrix Concepts tops out RM523 mil Levia Residence KL in Cheras

news

Updated:
  • Matrix Concepts Holdings Bhd topped out Levia Residence KL with an 88% take-up rate!
  • The project features 778 units in two towers and is set for completion in early 2027.
  • A second project, Levia Puchong, will launch in 2026, targeting working adults with 1,336 units.
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BNM keeps OPR at 2.75% amid global uncertainties

BNM keeps OPR at 2.75% amid global uncertainties

news

Updated:
  • Bank Negara Malaysia has maintained the overnight policy rate at 2.75% to support growth.
  • Global growth is expected to continue, despite rising geopolitical tensions affecting the economy.
  • Malaysia's economy grew 5.2% in 2025, with inflation remaining moderate and stable core inflation anticipated.
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Exsim Hospitality partners with Majestic Gen to expand managed accommodation pipeline

Exsim Hospitality partners with Majestic Gen to expand managed accommodation pipeline

news

Updated:
  • Exsim Hospitality Bhd partners with Majestic Gen to manage over 3,000 accommodation keys nationwide.
  • The collaboration aims to enhance project value and resilience through Mana Mana Hospitality's management.
  • Partnership will expand operational capabilities beyond short-term rentals into lifestyle resorts and hotels.
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Bedi buys 8.7-acre land in Sabah for future projects

Bedi buys 8.7-acre land in Sabah for future projects

news

Updated:
  • Bedi Bhd is acquiring 8.7 acres of land in Penampang for RM15.92 million to support future projects.
  • The deal involves a subdivision of a larger parcel and will be funded by internal funds and loans.
  • Bedi recently reported a net profit of RM24.5 million, marking a turnaround after years of losses.
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Semantan Estate files discovery application for pre-Merdeka land plans for Duta Enclave compensation case

Semantan Estate files discovery application for pre-Merdeka land plans for Duta Enclave compensation case

news

Updated:
  • Semantan Estate has filed a discovery application for historical land documents for a compensation hearing.
  • The High Court denied the company's request for more time to prepare its valuation report.
  • The liquidator stated that extensive searches for key 1950s land records were unsuccessful.
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Revised land tax formula fairer on all landowners, says Penang CM

Revised land tax formula fairer on all landowners, says Penang CM

news

Updated:
  • Penang's new land tax formula, effective 2026, ensures fair treatment for all landowners.
  • Tax rates are based on current land use, with specific rates for urban and rural areas.
  • The state offers support measures like rebates and flexible appeals to help landowners adjust.
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Every step counts: The real impact of floor safety on frontline workers

Every step counts: The real impact of floor safety on frontline workers

news

Updated:
  • In 2023, Malaysia reported over 9,000 workplace injuries from falls, highlighting safety concerns.
  • Sun Synergy emphasises that proper flooring design is crucial for preventing accidents.
  • Innovative flooring technologies and regular maintenance can significantly enhance safety.
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Green is the new spec: Inside Malaysia’s industrial sustainability race

Green is the new spec: Inside Malaysia’s industrial sustainability race

news

Updated:
  • Developers are increasingly prioritising green-certified facilities for long-term competitiveness.
  • Malaysia's green building market is growing rapidly, with operational savings and higher property values.
  • The focus is shifting towards reducing embodied carbon emissions.
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Mah Sing opens M Aurora sales gallery, 96% of Tower B Phase 1A taken

Mah Sing opens M Aurora sales gallery, 96% of Tower B Phase 1A taken

news

Updated:
  • Mah Sing Group Bhd has launched the M Aurora sales gallery in Old Klang Road.
  • The initial Tower B Phase 1A recorded a 96% take-up rate.
  • Tan Sri Leong Hoy Kum said said Old Klang Road was chosen because location is always the key focus.
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Kuala Lumpur office glut could worsen, property report warns