Malaysia

Kuala Lumpur to see over 2,200 new hotel keys this year

One of the key openings will be the 527-room Parkroyal Collection.

This mall alone contributed 889,100 sq ft to Kuala Lumpur’s retail stock

Vacancy rates in the City Centre submarket increased slightly to 17.5% in Q1.

Flight-to-quality still dominates Kuala Lumpur’s office market

Various submarkets continue to experience this trend.

Why warehouse automation doesn’t always come at a hefty price

A plant in Selangor, Malaysia invested MYR78m in their Automated Storage and Retrieval Systems.

Malaysia’s 5 largest real estate transactions in Q1

The largest transaction was recorded in Kuala Lumpur worth US$205.9m.

These key factors will propel Malaysia’s industrial property sector 

The Regional Comprehensive Economic Partnership (“RCEP”) Agreement will play a huge role.

Office vacancies in Kuala Lumpur slated to reach record highs

Blame it on significant increase in supply coming in the next quarters.

3 key initiatives to boost Malaysia’s green building segment

Implementing an Industrialised Building Systems is one, as 15% of a building’s GHG emissions happens during construction.

Malaysian buyers willing to pay only 3% more for green homes

But it costs up to 6% more to build a green-certified residential building. 

Investors, operators scramble to enter Malaysia’s data centre market

The country’s current data centre capacity ranges from 120MW to 150MW.

Kuala Lumpur's hotel supply to pick up for the rest of the year

Five properties with 1,135 rooms are expected to enter the market.

Kuala Lumpur to see more flex office spaces post-pandemic

This is due to its flexibility on lease terms.

Kuala Lumpur to see 13 new malls over the next three years

This translates to at least 8.9m sq ft of NLA, and more than half will be completed this year.

These are the largest property transactions in Malaysia in Q2

The total transaction value of RM2.14b (approx. US$506m) doubled year-on-year.