Top Commercial Real Estate Companies in Malaysia

The commercial real estate industry in Malaysia plays a critical role in the country's economy, supporting businesses, creating employment opportunities, and contributing to GDP growth. As of 2022, the industry accounts for 3.6% of Malaysia's GDP and employs over 100,000 people, making up 0.7% of the total workforce in the country. Malaysia's strategic location, coupled with its commitment to infrastructure development, has made it a popular destination for foreign businesses looking to expand their operations in Southeast Asia. In this article, we will explore the key statistics, factors contributing to the industry's growth and success, each industry's growth and comparison to previous years, key trends including technological disruptions, challenges, and future outlook of the commercial real estate industry in Malaysia.

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CompanyHeadcountContactDescriptionDecision Maker
IQI GLOBAL2,475 +60 1-800-22-2155
info@iqiglobal.com

IQI is a leading global real estate & investment advisory firm operating and advising in Dubai, Malaysia, Australia, Canada, Philippines and Vietnam. With offices spanning across 5 continents and over 900 dedicated property and investment experts, IQI represents quality, integrity and trust in global residential and commercial real estate. At IQI we do things differently. Our strong desire to improve the way the industry operates means that we are constantly challenging tradition and adapting to the needs of a rapidly changing world. We are committed to offering you an extensive range of properties and comprehensive services worldwide. Combining global insight and industry practices with local knowledge ensures that IQI maintains a structured and disciplined approach with the goal to create wealth for investors. We have a reputation for uncompromising professionalism and honesty and have earned the trust of our clients around the world. Founded in Dubai by a diverse group of invest…

AZIMUTH GLOBAL PARTNERS4 +60 3-2703 8285
admin@azimuthglobalpartners.com

Azimuth bridges the gap between Sovereign Wealth Funds, Global Pension Funds and Islamic Institutions in Asia and the Middle East with best-in-class global asset managers worldwide. Our relationships are close and meaningful, built on a foundation of trust and mutual respect. Azimuth offers a range of resources to ensure its clients make sound judgements. This includes access to experts in research, strategy, management, and operations, as well as a network of long-term relationships and contacts, from Chief Executive Officers to asset class experts to government leaders. Azimuth benefits from a network of proven partners. These partners are world-class leaders in their fields. They possess talent and discipline that has been tested through market cycles and validated over time by performance. Partners undergo an extensive selection process involving due diligence, reference checking and analysis of track records. We work very closely on these relationships to align incentives, str…

YTL THP JV SDN. BHD.(blank) (blank)
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YTL THP JV Sdn Bhd has been selected by MyHSR Corporation Sdn Bhd as one of its two Project Delivery Partners for the Malaysian civil infrastructure portion of the Kuala Lumpur-Singapore High Speed Rail project, responsible for developing the detailed design and delivering the infrastructure works for the project. YTL THP JV will be responsible for the southern portion of the alignment of the project. YTL THP JV is a joint venture between Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd (“SPYTL”), a wholly-owned subsidiary of YTL Corporation Berhad (“YTL Corp”), and TH Properties Sdn Bhd (“THP”), a wholly-owned subsidiary of Lembaga Tabung Haji (“Tabung Haji”). SPYTL is the flagship construction arm of the YTL Corp group and is a Class A G7 turnkey contractor and developer with a strong track record for delivering high quality design and construction of large-scale, multi-billion ringgit infrastructure projects, including rail, residential and commercial real estate, and major infrastructu…

LEE U0026 YC TAN(blank) +60 3-7722 1139
admin@chui.com.my

We are a full service law firm with practice areas in conveyancing, land sales, real estate, residential real estate, commercial real estate, banking, commercial, will writing and general litigation matters.

CARPOOL REALTOR(blank) +65 8323 5512
support@heylink.me

Carpool Realtor is one of the most diversified real estate establishment in Klang Valley, offering a comprehensive suite of value-added services for its clients, including sales of new development and secondary market, property consultation, asset and property management and build-to-suit services and investments / acquisitions. Carpool Realtor is highly regarded within the real estate community and among its clientele: investors, lenders, tenants, and owners of commercial real estate. Additionally, its experienced team and ownership mentality uniquely position Carpool Realtor as one of the most trusted real estate partners. Focusing on our customers needs and requirements first has always been our way as a property organization. At Carpool Realtor, we believe in providing our clients with the best fit premium quality products and solutions.

IVPS MALAYSIA (CUSHMAN & WAKEFIELD)23 +60 6-264 4681
info@ivpsmalaysia.com

IVPS in Malaysia (“IVPS”) was established in 2008 and headquartered in Kuala Lumpur. Branch offices were opened in Johor Bahru, Melaka and Perak in 2013, 2015 and 2018 respectively. The firm is registered with the Board of Valuers, Appraisers and Estate Agent, Malaysia (under the purview of Ministry of Finance) to provide the following services :- • Valuation • Research & Consultancy • Real Estate Agency and Investment • Property & Facilities Management Local Expertise with Global Reach In Malaysia, the profession continues to remain an industry where local Government laws prohibits foreign companies from setting up fully owned or even majority owned entities. Since 2008 till todate, IVPS has been entrusted and continue as the formal Alliance Member of Cushman & Wakefield global in providing transactional, valuation and advisory services to its local and global clients. Our range of services to clients strengthen in 2014 when Cushman & Wakefield Malaysia Sdn Bhd is being formed …

KIARA REALTY23 (blank)
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THOUSANDS OF EXPATRIATE FAMILIES OF OVER 52 NATIONALITIES HAVE FOUND THEIR HOME THROUGH KIARA REALTY With the purpose to bench mark and set market value in Mont Kiara, Kiara Realty was established. Since the companys establishment in 1992, Kiara Realty pioneered the real estate scene of Mont Kiara and marketed all of a public listed property developers projects until June 2010.

GOLDMINE PROPERTIES7 +60 3-9221 6628
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Goldmine Properties had been a pioneer in the real estate industry in Kuala Lumpur. Focusing mainly on commercial real estate and development lands located within the golden triangle and Klang Valley. However, in recent years, Goldmine Properties had been actively involved marketing role for new development projects building a reputable reputation as being professional, responsible and dedication as a real estate market to ensure our clients real estate investment is profitable and yet sustainable.

ONEWORLD REAL ESTATE GROUP82 +60 12-765 4813
marketing@1world.com.my

A real estate agency who provides a comprehensive range of real estate services including developer project marketing, secondary property sale & leasing, corporate real estate services etc. Cover various property sectors including residential properties, commercial properties, industrial properties, land etc. Actively involve in properties in prime areas like KL City Centre, KL Sentral, Petaling Jaya and other popular areas. Also well-known for its international network in project marketing - cross-selling properties to & from overseas. Selling developer projects to Singapore, Hong Kong, Indonesia, Taiwan etc. Also brought in projects from Australia, UK, US, Singapore, Philippines & a few other countries. Established in corporate real estate services with a strong team focus in the niche corporate market. With strong corporate clientele track records & a wide-range of corporate service solutions to clients. Clientele profile ranges from Fortune 500 multi-national companies to local …

DAHONGYE REALTY SDN BHD12 +60 16-474 6969
enquiry@dhyrealty.com.my

Founded in 2016 by a group of Real Estate Veterans, DAHONGYE GROUP offers comprehensive services in buying, selling and rental of properties. We deliver a wide range of specialist services ranging from transactional services for local and international properties, to project consultancy and property management. Realizing the need for value creation, we have engaged with partners to include renovation and managing shortstay, making us a one-stop solution to your real estate needs. Your needs are our priority, Together with our real estate affiliates and partners, our Team are committed to exceed your expectations and be your Realiable Real Estate Partner.

HORIZON HILLS DEVELOPMENT SDN BHD20 +60 7-244 9988
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Horizon Hills Development Sdn Bhd is a commercial real estate company based out of Malaysia.

SOLID REAL ESTATE CONSULTANTS SDN BHD12 +60 3-2715 5777
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ESTATE AGENCY Your trusted partner in residential and commercial real estate. VALUATION Comprehensive advice that is professional, independent and prudent. PROPERTY MANAGEMENT Taking care of your properties through professional and proficient solutions. PROPERTY INVESTMENT Delivering firsthand information and market-drive advice. RESEARCH & CONSULTANCY We provide in-depth research and comprehensive consultancy services.

PRESTIGE REALTY MALAYSIA21 +60 3-2742 7885
info@prestigerealty.com.my

Prestige Realty Malaysia is one of the premier real estate & investment advisory firms, operating in Malaysia. We offer services in lettings, sales and property management. We are led by a team of highly motivated property experts specializing in residential and commercial real estate. We value quality, integrity and trust in delivering superior and sustainable advice to achieve our clients needs and preferences. We have a reputation for uncompromising professionalism and honesty and thus having earned the trust of our clients. By combining global insight and industry practices with local knowledge, it ensures Prestige maintains a structured and disciplined approach with the primary goal to create wealth for investors. The need to ensure that your experience with our services are top quality comes only second to this objective. At Prestige, we do things differently. Our strong desire to improve the way the industry operates means that we are constantly challenging tradition and …

JUBILEE REALTY4 (blank)
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Real Estate Agency

ONEWORLD REAL ESTATE GROUP (ONE WSM PROPERTY SDN BHD)34 (blank)
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Committed to constant evolution, OneWorld Real Estate Groups vision is to revolutionize the real estate industry as a whole. We are starting the process of building a platform that will fulfill all the needs of professional agencies regionally, in addition to raising the standards of client experience for decades to come.

TOWER REIT3 +60 3-2726 1001
hello@tower-reit.com.my

Tower REIT is a real estate investment trust that was established to invest in prime office and commercial real estate assets. It is listed on the main board of Bursa Malaysia. Today, the Trust boasts a portfolio of three Grade A, premium office buildings in Kuala Lumpur, valued at over RM800 million. The properties are strategically located in prime locations and feature excellent amenities and ancillary facilities that have attracted a stellar tenant base, ranging from multi-national corporations to up-and-coming start-ups.

IRG - INTERNATIONAL REALTY GROUP LTD.13 (blank)
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IRG - International Realty Group Ltd (IRG) is an expert in the Cayman Islands luxury residential and commercial property market, specialising in beachfront and waterfront homes, condominiums, resort residences, and canal front property, as well as commercial buildings and development land. IRG provides in-depth local expertise along with a truly global presence and well-founded reputation for delivering high-quality results for clients wishing to buy or sell property in the Cayman Islands. As the Cayman Islands only affiliate member of both Leading Real Estate Companies of the World™ and Luxury Portfolio International™, IRG has access to a global network of more than 60 countries. IRG offers quality marketing services to their clients, including professional videography, photography and aerial photography. IRG has also adopted the latest technology to be able to create and publish immersive, 3D walk-through experiences of our properties. IRG has brought together a team of dedicate…

MIP PROPERTIES SDN BHD48 +60 3-6140 8619
custserv@mipproperties.com

Whether youre looking for a home for your family or an investment; seeking high-value returns on rentals or property sales, MIP Properties is the ONE NAME everyone TRUSTS to get the perfect home at the perfect price. Through our emphasis on high standard of service, professionalism, integrity and approachability, we have built strong relations with home owners and property investors that ensure our property database is unmatched in reach and comprehensiveness. We specialise in the sale and rental of houses and condominiums in the Klang Valley – Petaling Jaya, Damansara, Subang, Sunway and Kuala Lumpur. Premium luxury accommodations in the exclusive neighbourhoods of KLCC, Mont Kiara and Hartamas are our forte. We are well-versed in procedures for property rental and property sales for both Malaysians and expatriates. Our Primary Market Division specializes in assisting developers in Project Sales and Marketing within Malaysia and overseas. Call us today to experience the fast, p…

PROPERTIES.MY(blank) +60 19-739 2027
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Asset managers for properties in Kuala Lumpur and Nusajaya, Malaysia. We are private landlords and have several properties in Malaysia for rent or sale. From KUALA LUMPUR (KL) to NUSAJAYA at the border to SINGAPORE. From luxurious condos to bungalows with swimming pool.

URBAN PRESTIGE PROPERTIES SDN BHD23 +60 4-656 9688
info@myrealestate.com.my

We are legally registered with the Board of Valuers, Appraisers and Estate Agents Malaysia and Malaysian Institute of Real Estate Agents (formerly known as Malaysian Association of Real Estate Agents) and the The Companies Commission of Malaysia. - URBAN PRESTIGE PROPERTIES SDN BHD [1037877-D] We have got 35,000 potential sellers/buyers (both local interstate and overseas) sitting in our database managed by our CRM software. Our company purpose is to create more clients and provide the best service to them. Our company core values are reputation, integrity, respect, professional, creative and technology. We combine technology& motivation together to make our services better. We continually review our service process and be creative to make our clients experience better. We are professional negotiators which make us part of your profit, not cost. We respect our clients, providing best service with a great positive attitude. We are being honest and transparent with our clients, that is…

Top Commercial Real Estate Companies in Malaysia

Factors Contributing to Growth and Success

The Malaysian government has played a significant role in the growth and success of the commercial real estate industry. The government has introduced several initiatives to promote the growth of the industry, including the development of new infrastructure projects, the liberalization of foreign investment in the real estate sector, and the implementation of tax incentives to attract foreign investors. Additionally, the government has introduced policies to promote the development of a skilled workforce, through initiatives such as the National Talent Development Scheme.

Each Industry's Growth and Comparison to Previous Years

The commercial real estate industry in Malaysia comprises several sub-sectors, including office, retail, industrial, and hospitality. In 2022, the office and retail sectors have shown significant growth, with an increase in rental rates by 3.5% and 3.9%, respectively, compared to the previous year. The industrial sector has also shown growth, with an increase in occupancy rates by 2.3% compared to the previous year. However, the hospitality sector experienced a decline in occupancy rates by 1.8% compared to the previous year.

Key Trends Including Technological Disruptions

The commercial real estate industry in Malaysia has been undergoing a transformation through the adoption of new technologies such as digital platforms and artificial intelligence (AI). These technologies can help to improve the efficiency of property management, reduce costs, and improve the customer experience. The government has introduced several initiatives to promote the adoption of these technologies, such as the National Industry 4.0 Policy Framework and the National Artificial Intelligence Framework.

Challenges

Despite the growth and success of the commercial real estate industry in Malaysia, there are several challenges that the industry faces. One significant challenge is the need for improved infrastructure, particularly in the area of transportation and logistics. Additionally, the industry is also facing challenges related to the need for a skilled workforce and the need to address environmental concerns related to the impact of real estate development on the environment.

Another challenge facing the commercial real estate industry in Malaysia is the need to address environmental concerns related to real estate development. The industry is increasingly focused on promoting sustainable real estate practices, such as the use of green building materials, energy-efficient designs, and sustainable waste management practices. The government's introduction of the Green Building Index is an important step in promoting the development and adoption of sustainable real estate practices in Malaysia.

Future Outlook

The future outlook of the commercial real estate industry in Malaysia remains positive. The government has introduced several initiatives to address the challenges facing the industry, including the development of policies to promote the adoption of new technologies and the establishment of training and development programs to develop a skilled workforce. Additionally, the government has also introduced policies to promote sustainable real estate practices, such as the Green Building Index.

Looking forward, the commercial real estate industry in Malaysia is expected to continue to adapt to changing market conditions and embrace new technologies to remain competitive in the global marketplace. The adoption of new technologies such as digital platforms and artificial intelligence, as well as the development of a skilled workforce, are expected to drive further growth and transformation in the industry. Additionally, the promotion of sustainable real estate practices and the development of improved infrastructure will be important factors in driving the industry's success in the future.

To further drive growth, the commercial real estate industry in Malaysia needs to address challenges such as the need for improved infrastructure and a skilled workforce. The government's efforts to address these challenges, such as the development of policies to promote the adoption of new technologies and the establishment of training and development programs to develop a skilled workforce, are steps in the right direction.

Conclusion

Another challenge facing the commercial real estate industry in Malaysia is the need to address environmental concerns related to real estate development. The industry is increasingly focused on promoting sustainable real estate practices, such as the use of green building materials, energy-efficient designs, and sustainable waste management practices. The government's introduction of the Green Building Index is an important step in promoting the development and adoption of sustainable real estate practices in Malaysia.

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By Melissa Goh
Published on 14 May 2023