
Klang Valley Property Market Shows Signs Of Recovery: HLIB
According to HLIB, the sector continues to demonstrate resilience despite early-2025 headwinds stemming from the US tariffs and AI chip export restrictions. In the Klang Valley, high-end residential demand is showing early signs of recovery, with premium projects such as TA Global's Clouthaus and E&O's Conlay Signature Suites recording encouraging sales.
This improving sentiment, especially among investment-focused buyers, is expected to support better margins for developers, while the proposed Urban Renewal Act may unlock redevelopment potential in mature, high-value areas.
In Johor, the Johor-Singapore Special Economic Zone (JS-SEZ) and enhanced connectivity to Singapore are driving robust property demand. Developers, including Sunway, Mah Sing and UEM Sunris,e have lined up major launches, although HLIB cautions that the surge in investor-driven projects near the RTS Link corridor may lead to oversupply and eventual price correction if not matched by genuine end-user demand.
In Penang, a stronger Ringgit and ongoing trade uncertainties are seen as potential drags on the high-end market, particularly for developers like E&O, due to weaker tech-sector income. Negeri Sembilan, while facing intensified competition from Selangor and internal players, could benefit from the longer-term upside of MVV 2.0, which is being positioned as a cost-competitive industrial hub that could eventually lift residential demand.
Outside the 2024 data centre boom, HLIB sees cooling demand in that segment as land acquisition has tapered and regulatory approvals have become more stringent, with feasibility further pressured by rising costs and regulatory concerns.
However, industrial property demand beyond the data centre segment remains firm, supported by steady foreign direct investment, government backing and increasing attention to secondary growth hubs like Johor and Negeri Sembilan.
The retail and hospitality segments are expected to weather the new 8% SST on leases, with most of the burden shared across tenants and consumers.
The recent OPR cut and salary adjustments for civil servants are anticipated to boost consumer spending, helping retailers absorb the impact. Tourism strength continues to underpin the hospitality segment, with IOIPG well-positioned to benefit from its expanded hotel offerings and enhanced connectivity at IOI Resort City.
HLIB noted that despite external headwinds, the KLPRP Index has staged a rebound, and the research house believes the broader industrial market remains on solid footing. With rising incomes and supportive policies, Malaysia's pivot toward a high-value economy supports the research house's Overweight stance, with IOIPG, OSK, Sunway and Sime Darby Property named as its top sector picks. Related
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The Sun
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3 hours ago
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Featuring a 9-acre scenic lake park and gated precincts, Meridin East is ideal for those seeking a safe, spacious, and nature-integrated lifestyle. Its strategic location provides direct access to Johor Bahru, Singapore, and key commercial zones within Iskandar Malaysia. A 42-acre industrial parcel is also power-ready and capable of supporting a 300MW building load. This site provides flexibility for data centre players or industrial users seeking scalable infrastructure in the southern region.* Mah Sing ramps up Klang Valley and Penang projects In the Klang Valley, Mah Sing continues to expand its M Series with accessible, well-located homes. In Semenyih, the 500-acre M Legasi township (GDV: RM3.3 bil) will launch Impira Phase 2 in August 2025, following strong take-up of Phase 1. Prices start from RM648,000 for double-storey terraces. Also progressing is M Aspira in Taman Desa (GDV: RM850 mil), just 5 km from Mid Valley, with serviced residences from RM452,000, while nearby Residensi Suria Madani offers affordable units from RM200,000. Both will benefit from a new road link enhancing access to key highways. Upcoming launches include M Aurora on Old Klang Road (GDV: RM660 mil), a transit-oriented project with twin 37-storey towers, and M Aria in Sentul (GDV: RM283 mil), offering family-sized apartments from RM498,000. Penang: M Zenni Launching in Batu Maung In Batu Maung, Penang, Mah Sing is launching M Zenni (GDV: RM309 mil), a freehold mixed-use project with 494 serviced apartments, near the Second Penang Bridge and close to Penang Silicon Island and the Free Industrial Zone. A sales gallery with show units opens in August 2025.