Six business groups urge govt to delay SST expansion, warn of inflation and job losses
They specifically highlighted the proposed 8% tax on commercial rental and leasing services, deeming its timing "gravely misguided".
Malaysian retailers urge MOF to waive or defer SST on commercial rentals
"Defer the SST on rentals until after Visit Malaysia Year 2026 to preserve industry stability and support tourism-linked growth.
Govt considers new law to protect mixed, commercial property buyers
The proposed Real Property Development Act will cover mixed developments, including retail and commercial properties, the Ministry of Housing and Local Government said in a statement over the weekend.
Asia-Pacific's cross-border investment in Malaysian commercial real estate sector hit US$9.5b in 1Q—Knight Frank
While Malaysia was not among the top cross-border capital destinations this quarter, there was a steady rise in enquiries, particularly for Kuala Lumpur, Penang’s industrial corridors, and Johor’s logistics and residential hubs.
Knight Frank: Malaysia’s high-net-worth individuals drive property market growth amid global rebound
Cross-border capital flows also rose by 12% to US$171 billion, underscoring the international appetite for real estate.
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Upswing in KL's 1H2024 commercial property performance — Napic data
In the first half of 2024, KL's commercial property market witnessed a remarkable surge, with transaction volume increasing by 45.
IGB Commercial REIT buys two office floors in Menara Southpoint from IGB for RM62.4 mil cash
The property comprises two office-suite parcels within Menara Southpoint in Mid Valley City, Kuala Lumpur.
UOA REIT 2Q net rental income falls 22% on higher operating expenses; declares 2.9 sen distribution per unit
Its property operating expenses stood at RM11.
IGB Commercial REIT's 2Q NPI up 11%, declares 0.97 sen DPU
It also saw net profit for the quarter increase 2.
IGB’s 4QFY2023 net profit swells to RM85.77 mil, lifts annual earnings to record high
The strong profit growth was driven by higher contributions from all its operating segments, namely the property investment of commercial and retail, property development and hotel businesses.
