
These were the notable industrial property investment deals in Malaysia in Q1
The industrial sector accounted for almost 70% of all transactions during the quarter.
In Malaysia’s real estate investment scene, the beginning of 2025 has seen positive momentum, building on the strong performance from the previous year.
According to Savills, 25 major transactions were recorded in Q1/2025, totalling RM3.11 billion. The industrial sector led the way, accounting for 14 transactions worth RM2.08 billion, or 67% of the total transaction value.
Here’s more from Savills:
Data centre operators remained actively engaged in securing development sites for new facilities with four transactions amounting to RM1.22 billion in Q1/2025. Among them, Microsoft Payments (Malaysia) acquired 23 acres of industrial land in Pulai, Johor Bahru, from a subsidiary of Crescendo Corporation Berhad for RM119 million in January. Another 139 acres in Eco Business Park 1, Tebrau, Johor Bahru, from Eco World Development Group (EcoWorld) for RM694 million in February.
Also in the same month, EcoWorld announced the sales of 58 acres in Eco Business Park V, Selangor, to Google’s Pearl Computing Malaysia for RM266 million. Lastly, Open DC acquired an industrial facility in Bayan Lepas, Penang for RM140 million to establish its second data centre on the island.
Other notable industrial deals include Sime Darby Property Berhad acquiring two 2-storey logistics warehouses measuring 700,000 sq ft in Bandar Bukit Raja from its joint-venture company with Mitsubishi Estate, MBK (JPN) for RM232 million.
Three commercial properties were also transacted during the reviewed quarter, including two retail malls and an office building. Jaya Shopping Centre in Petaling Jaya, Selangor, which has been on the market for several years, was acquired by a subsidiary of Asian Pac Holdings Berhad for RM100 million, or just RM370 per sq ft.
Additionally, in January 2025, YNH divested its second mall to Sunway REIT (following the sale of Kiara 163 in 2024), Aeon Mall Seri Manjung Perak for RM138 million. In Cyberjaya, an 8-storey office building, Block 12, Corporate Park, Star Sentral, with an NLA of 40,375 sq ft, was transacted for RM25 million. The property was acquired by Puncak Hartanah Intelek Sdn Bhd, a subsidiary of an e-commerce service provider, Commerce Dot Com Sdn Bhd, which currently occupies the building.
Bank Islam Malaysia Berhad divested a 1.6-acre land parcel on Jalan Tun Razak, Kuala Lumpur, for RM73 million, translating to approximately RM1,060 per sq ft. Other notable development land transactions included Scientex Heights Sdn Bhd’s acquisition of 529 acres in Paya Rumput, Melaka, for RM334 million and MRCB’s purchase of 37 acres of development land in Cyberjaya for RM288 million.
In Penang, Fajarbaru Builder Group Berhad acquired a 51-acre site in Bandar Cassia, Batu Kawan, for RM111 million (RM50 per sq ft), designated for the MediCity hub, an integrated development encompassing healthcare, residential, retail and commercial components.