Malaysia's TOD challenge: Bridging the policy gap
The success of TODs in Malaysia hinges on coordinated planning, strong local authority involvement, and effective partnerships between stakeholders.
The success of TODs in Malaysia hinges on coordinated planning, strong local authority involvement, and effective partnerships between stakeholders.
Kuala Lumpur has the highest average rent at RM2,863, or 44% higher than the country average (RM1,995) and 51% higher than Selangor’s (RM1,899).
In Malaysia, the property management industry is well established through a robust combination of education, practice, and industry standards.
The bulk of Malaysia’s property transactions continues to come from the residential subsector.
The URA does not merely entail urban redevelopment of private land, but disturbingly, also postulates the possibility of “privatisation” and “commercialisation” of public land — land gazetted and reserved by state authorities for public purposes under Section 62 of the National Land Code (Act 56 of 1965) and land owned by the Federal Land Commissioner (PTP).
Kenanga believes that investors should focus on the 800MW Corporate Green Power Programme (CGPP) in 4Q2024, valued at RM2.
What are new property launches like in KL this year? What type, how much? How do prices compare to the last 10 years? We put together the data for you to find out what you need to know.
While there are ongoing challenges in property management, these should be addressed by improving existing systems rather than creating new regulatory bodies that will waste public funds.
It said these incentives, which aim to establish Forest City as a hub for family offices, are projected to attract local and international investments, fuelling demand for property and creating job opportunities over the long term.
If there was any lingering doubt … it is now completely exonerated by the latest Federal Court decision, which endorsed the High Court decision and reinforced the developer's obligation to provide such utility facilities.