Sub-RM500,000 housing market remains resilient
The affordable housing market is expected to remain sturdy over the near term...
Managing director Jamie Tan said the budget's strategic focus on high-value sectors, infrastructure connectivity and talent development creates a robust foundation for sustained economic growth.
Tan said its emphasis on fiscal prudence and social well-being also ensures progress remains inclusive and beneficial to all Malaysians.
"We anticipate these measures will maintain stable labour market conditions and support continued income growth, which should fuel steady demand across the real estate markets," he said in a statement.
The global commercial real estate and investment management company said given the government's continued support for Malaysia's key sectors, it anticipates sustained demand for logistics and industrial assets.
"With additional incentive mechanisms such as special economic zones, demand for industrial real estate in established hot spots such as Klang Valley, Johor, Penang and Kedah is likely to remain robust," it said.
The government has doubled the Housing Credit Guarantee Scheme allocation to RM20 billion, enabling 80,000 additional first-time homebuyers and creating significant demand pressure in the RM300,000-500,000 housing segment.
JLL Malaysia said this initiative, combined with extended stamp duty relief through December 2027 for properties up to RM500,000, provides predictable demand visibility for developers while reducing barriers to homeownership.
Meanwhile, it said the development of Kota Madani, featuring 10,000 houses with 80 per cent allocated for public servants, is expected to set premium sustainability benchmarks that will influence nationwide building standards.
On the new urban regeneration program, JLL Malaysia said this initiative addresses the significant issue of obsolete urban building stock and should improve asset enhancement decision-making for property owners.
"This would most likely affect landlords and owners of commercial real estate assets located in the largest urban agglomerations," it said.
JLL Malaysia head of research and consultancy Yulia Nikulicheva said the sustainability focus through carbon tax implementation and related incentives will fundamentally reshape commercial property investment decisions.
"Properties with strong environmental, social and governance credentials and energy efficiency will command premium valuations, while older commercial assets may face competitive pressure without green retrofits.
"This creates both challenges and opportunities as the market transitions toward sustainable building standards," added Nikulicheva.
