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Residential construction activity rises in 1Q25 with surge in completions, housing starts

The Star LogoThe Star12h ago

Residential construction activity rises in 1Q25 with surge in completions, housing starts - The Star

Quick Summary:

KUALA LUMPUR: Construction activity in the residential property subsector recorded significant growth in the first quarter of 2025 (1Q 2025) where the number of completed units surged by 30.2 per cent to 9,329 units from 7,168 units in 1Q 2024.

In addition, the occupancy performance for shopping complexes recorded a marginal increase, with the occupancy rate rising to 79 per cent compared to 78.8 per cent in 1Q 2024.

"Government-led initiatives aimed at strengthening Malaysia’s position in the global investment prospects, such as the Forest City Special Financial Zone, the Johor-Singapore Special Economic Zone (JS-SEZ), and the implementation of a duty-free zone in Pulau Satu, Forest City have started to demonstrate significant impact,” he said.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 13:41:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 28507260

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 33 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 5 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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The story "Residential construction activity rises in 1Q25 with surge in completions, housing starts" was covered 12 hours ago by The Star, a news publisher based in Malaysia.

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