In summary, the key drivers for Malaysia property market growth are: 1. Infrastructure Projects Major infrastructure projects like the East Coast Rail Line (“ECRL”) and Johor-Singapore Rapid Transit System (“RTS”) Link are expected to create hotspots and boost investments, particularly in Johor. In Klang Valley, MRT2 [Putrajaya Line] and MRT3 [Circle Line)] are part of the Klang Valley Mass Rapid Transit (“MRT”) project, which will connect with existing MRT, LRT, KTM, and Monorail lines at 10 key interchange stations. Not to mention, the TransitOriented Developments (“TOD”) are highly sought after by investors and owner-occupiers due to their connectivity, convenience and e ciency. 2. Economic Stability & Partnership A projected GDP growth of 4.5% and 5.5% in 2025 and a stable employment growth rate contribute to a positive outlook for the property market. The Johor-Singapore Special Economic Zone (“JS-SEZ”) is expected to boost investments, particularly in Johor, drawing more foreign direct investment (“FDI”) and stimulating the commercial property market. Johor Bahru is fast becoming the investment hub in Malaysia, attracting many corporations and property players ANNUAL REPORT 2024 46
RkJQdWJsaXNoZXIy NDgzMzc=