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Kuala Lumpur DIGEST, 4Q 2024

Growth and progress ahead, amid looming global challenges

  • Economy surged 5.1% in 2024 – driven by construction (+20.7%) and services (+5.5%). How did inflation and labor markets respond?
  • Hospitality sector steals the spotlight – RM340m Pavilion Hotel deal and a RM12bn land transfer reshape investment trends. What’s next for industrial land demand?
  • Office occupancy hits 76.9% – fueled by ESG-compliant spaces and relocations. Which sectors are driving prime office demand?
  • Retail sales up 4.4% in Q4 – 168 Park Mall debuts, Sunway Pyramid revamps. Which international brands are entering Malaysia in 2025?
  • High-end condo prices soar 3.5% YoY – CloutHaus Residences launches in KLCC. What tax incentives are boosting affordable housing?
  • Industrial land sales boom in Johor – data centers capitalize on Malaysia’s AI hub ambitions. Which global players are eyeing this market?
  • Visit Malaysia Year 2026 looms – how will ASEAN chairmanship impact real estate? Exclusive forecasts inside.
  • Prime office rents rise in KL Sentral – but older buildings face challenges. Discover strategies for repositioning assets.

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