KUALA LUMPUR (Nov 8): In City & Country's Nov 9 cover story, we look into the progress of Warisan KL, an ambitious national initiative. Launched in May last year by Prime Minister Datuk Seri Anwar Ibrahim, the initiative aims to rejuvenate and revitalise some of the most historically significant landmarks in Kuala Lumpur. 

Minister of Finance II Datuk Seri Amir Hamzah Azizan says the aim, while preserving heritage buildings, also emphasises the importance of catalysing the area surrounding the assets. Ten heritage assets have been selected. Some assets have their restoration efforts completed while others have started making progress. These are the Dayabumi Complex, Stadium Merdeka and Merdeka 118 Precinct, Medan Pasar and the old Kuala Lumpur Railway Station with stakeholders of each asset sharing their revitalisation plan in line with Warisan KL. Beyond the revitalisation, the initiative also strives to benefit economically with hopes to generate RM7.9 in economic value and bring 9.1 million visitors by 2035. 

In The Real Deal column, editor emeritus Au Foong Yee uses stories of unconventional living from residential cruising on the stranded Villa Vie Odyssey to families sheltering in a Manila tunnel and under a Delhi flyover, to ask what makes a place a home. She says Malaysia’s National Housing Policy 2026-2035 is right to treat housing as a basic need rather than a commodity. She says the success of the policy should be judged based on the affordability, safety and quality of life. 

As The Edge Malaysia Property Excellence Awards (TEPEA) 2026 approaches, the official solar partner of the award GSPARX Sdn Bhd and partner ARTELIA say buyers are increasingly weighing energy costs and everyday liveability. They say solar power, battery storage and thoughtful design are becoming key considerations rather than optional extras for homebuyers and developers.

Other stories this week include a report on Knight Frank Malaysia’s Climate Resilience in Action report where it found 94% of the 18 M-REIT respondents treat ESG as a board-level priority and 83% expect it to shape valuations. The main challenge is balancing upfront green capex against the requirement to distribute at least 90% of taxable income; The Edge Malaysia | Rahim & Co Chestertons Kota Kinabalu Housing Property Monitor highlights one-storey terraced houses, which performed best during the quarter with average prices up 5.37% year-on-year (y-o-y); and an introduction to the gelam forests in Terengganu and how WWF-Malaysia is protecting the shrinking forest. 

From our Singapore counterpart, The Edge Singapore reports that industrial rents in Singapore rose for the 24th consecutive quarter in the third quarter of 2026, up 0.5% quarter-on-quarter and 2.1% y-o-y, according to JTC Corporation. 

Last but not least Bloomberg spotlights a rising real estate hotspot in the suburbs of Phoenix, Arizona following Taiwan Semiconductor Manufacturing Co’s US$265 billion (RM1 trillion) campus expansion.

Read all the stories in this week's issue of The Edge Malaysia.

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