News by Foo Chee Hung

To successfully transition from digital hesitation to operational integration, Malaysian developers — SMEs in particular — should adopt a phased, strategic implementation roadmap that keeps AI adoption fiscally responsible while maximising immediate functional gains.

Property development is an "umbrella" industry, deeply linked to the construction and real estate sectors through shared business cycles. 

The Malaysian property market has historically functioned as a key pillar of national economic development, moving through distinct cycles of expansion and correction.

What are the key factors to ensure a shopping mall’s success? Typical answers often include strategic location with good accessibility, positioning of the mall, a compelling tenant mix and anchor stores, and creating a positive customer experience through amenities, entertainment, and marketing.

Figures on gross domestic product (GDP) provide a snapshot of the overall economic activity within a country by aggregating the value of all final goods and services produced.

The Malaysian property market is said to have performed exceptionally well in 2024, with the total value of property transactions hitting a record high at RM232.3 billion, and the total volume of property transactions reaching 420,545, regaining the momentum of 2011.

In many countries, the government plays a leading role in providing affordable housing, either directly through the construction and management of public or social housing or indirectly through subsidising the private sector to build affordable housing.

Under the Valuers, Appraisers, Estate Agents and Property Managers Act 1981, personnel and/or companies that manage property and/or buildings, be they residential or commercial, are property managers (PMs) who are required to be registered with the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP).

Over the past decades, as Malaysia undergoes a major transformation from an economy largely dependent on agriculture and commodities to a more robust industrial and service-oriented economy, the country’s major cities are also experiencing a rapid proliferation of high-rise developments, with new residential, commercial and mixed-use towers reshaping the urban skyline.

A higher concentration of urban population not only generates more interactions, exchanges and business opportunities, but also promotes creative thinking, knowledge spillovers, new ideas and technology developments, leading to a higher economy of scale and wealth agglomeration.