A recent article in a daily portal reported that Khazanah Research Institute (KRI) had urged the government to study the proposal to impose vacancy tax on unoccupied and unsold residential and commercial units, citing it would “help prevent an oversupply of products, which contribute to a property glut, such as high-priced high-rise units”.

Knight Frank's Asia-Pacific Prime Office Rental Index for 2Q2023 has dropped by 1.6% quarter-on-quarter (q-o-q), maintaining a year-long downward trend since 2Q2022.

Commercial real estate investment activity in Asia Pacific declined by 17% year-on-year in 2Q2023 as investors remained cautious when making capital deployment decisions.

Many think that furnishing a home requires a big budget, but the truth is, with careful planning, a little creativity, and smart decision-making, you can furnish your new home without breaking the bank. 

Noteworthy:

• Freehold
• Built-up size: 2,400 sq ft
• Unfurnished
• Nearby amenities: Convenience stores, Metro Point Complex, Plaza Metro Kajang, MRT Kajang
• Accessibility: Kajang SILK highway, Kajang-Seremban highway, EKVE highway

When: May 2023

The real estate market has been on edge since Bank Negara Malaysia (BNM) announced an unexpected increase of 25 basis points on the overnight policy rate (OPR) on May 3.

Noteworthy:

• Built-up size: 2,350sq ft
• Fully-furnished
• Nearby amenities: Convenience stores, clinics, banks, Hartamas Shopping Centre, 1 Mont’Kiara, MRT Semantan, MRT Bandar Utama
• Accessibility: DUKE highway, DASH highway

When: May 2023

In the renewal process, economic opportunities and activities are also generated.

EdgeProp was present over the weekend at the gallery showcases of two of EdgeProp START’s partners, Skyworld Setapak and JKG Land.

Malaysia’s good growth momentum, underpinned by strong pick-up in domestic demand, improving labour market conditions as well as favourable government policies have supported the real estate sector.