KUALA LUMPUR (Jan 19): Owing to the increase in demand for commercial spaces at IJM Rimbayu in Kuala Langat, IJM Land Bhd is set to launch ROAM, a 5.56-acre commercial project offering four blocks of strata shops and offices, next month. 

The five-storey Blocks A and C will serve as wings for the three-storey Block B, which is the centrepiece of ROAM, and the four-storey Block D will be an en bloc building. With a total built-up area of 315,902 sq ft, Block A offers 101 units, followed by Block B with seven units, Block C with 93 units, and Block D with a single unit. These spaces have built-ups ranging from 802 to 3,112 sq ft, and estimated selling prices of RM481,800 to RM3.04 million.

IJM Land chief operating officer Datuk Chai Kian Soon says, “ROAM is poised to become a dynamic commercial hub, designed to cater for the entrepreneurial spirit of our township. Its main unique selling point is that it offers affordable strata retail and office spaces, making it ideal for start-ups and small businesses.” 

In the same issue, we look at CBRE | WTW’s 2025 Malaysia Real Estate Market Outlook report, which says the main drivers of the property market this year will be marked by the advanced progress of new mega infrastructure projects, and the transition to new technologies by industrial parks — integrating artificial intelligence and green certifications. 

A  look at Kota Kinabalu’s property market in the third quarter last year, Rahim & Co regional manager (Sabah) Max Sylver Sintia says Sabah in general saw a slowdown and recorded a moderate performance. This was most probably a result of the market pacing down to anticipate new policies and incentives as announced in Budget 2025, he explains in The Edge Malaysia | Rahim & Co Kota Kinabalu Housing Property Monitor 3Q2024.

This issue also provides a glimpse into the past with a piece on preserving Kuala Lumpur’s pre-war commercial streets. The featured pre-war streets include Jalan Tun H S Lee, Petaling Street, Jalan Sultan and Jalan Tuanku Abdul Rahman. 

Besides that, our My Space section this week suggests looking at the approach taken by the most successful international investors, rather than the errors of those who are less successful. These insights are observations of the shared strategies of many successful investors in the Australian market.

From our sister publication, The Edge Singapore, it was reported that a Good Class Bungalow (GCB) at Victoria Park in Singapore is on the market with a price tag of S$61 million (RM200 million). The GCB has a total built-up area of 25,300 sq ft, which includes seven en suite bedrooms, three helpers’ rooms, and a basement carpark with space for up to seven cars.

Read all about it in the Jan 20 issue of The Edge Malaysia weekly.

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