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In a separate note, Hong Leong Investment Bank (HLIB) also maintained a “neutral” outlook on the REIT sector.

It was previously reported that TNB expects to see electricity demand from data centres reach 5,000MW by 2035, accounting for 15-20% of total electricity demand in the country then.

Tan Sri Shahrir Samad filed the application on Jan 3.

CBRE | WTW group managing director Tan Ka Leong: “As we look to 2025, it is clear that the Malaysian property market is entering a transformative phase.

Annum had also previously had trouble issuing its annual report for the financial period ended June 30, 2023 (FY2023) that was initially due on Oct 31, 2023.

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IIB president and chief executive officer Datuk Idzham Mohd Hashim said strategic investments, infrastructure enhancement, and sustainability are at the core of this initiative.

BMI said Johor’s stable infrastructure and government incentives make it an attractive destination for institutional investors seeking reliable and high-growth opportunities.

To support the JS-SEZ, the government has announced incentives, including a special corporate tax rate, to lure investors to set up shop in the zone that stretches from Kulai and part of Pontian to Pengerang.

Companies making new investments in qualifying manufacturing and services — such as in artificial intelligence and quantum computing supply chain, medical devices, aerospace manufacturing and global services hub — will enjoy a special tax rate of 5% for up to 15 years.