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“This translates to an additional financial burden of an estimated not less than RM110 million per month for the construction industry.

The purpose-built warehouse has a gross built-up area of 416,572.

At end-September, the retail segment contributed about 94% to the REIT’s total revenue while occupancy rates of the seven KIPMalls stood at 90.

As these natural disasters become more frequent and severe, a crucial question arises: how does the threat of flooding impact property values, especially in Selangor, which boasts the largest population by state? KUALA LUMPUR (Oct 21): The escalating frequency of floods in Malaysia has become a pressing concern for both residents and policymakers.

Analysts covering construction stocks are neutral to positive on Budget 2025, taking into account the slight decline in net development expenditure, absence of new megaprojects, and lack of details for key projects such as the third phase of the Klang Valley Mass Rapid Transit (MRT3).

The government announced individual tax relief for housing loan interest payments to encourage first-home ownership.

These include RM200 million for maintenance of the low cost public housing.

While HBA supports the tax relief for first home buyers, HBA feels that such an incentive should also be given to all existing homeowners with outstanding housing loans as this will benefit more rakyat which have been burdened for the past years.

The association is particularly concerned on how to improve supply chains and ensure the availability of key construction materials in 2025 as this is expected to help stabilise building costs and enhance project viability across the board.

An Invest Malaysia Facilitation Centre–Johor (IMFC-J) is in progress to facilitate investments in JS-SEZ and reduce bureaucracy in expediting approvals.