Commercial to residential
Budget 2026 is incentivising turning empty offices into homes. Starting from the 2026 assessment year, the Malaysian government will provide a 10% special tax deduction, specifically for qualifying costs, for converting commercial buildings into residential ones. Each project will have a RM10mil...
Budget 2026 is incentivising turning empty offices into homes. Starting from the 2026 assessment year, the Malaysian government will provide a 10% special tax deduction, specifically for qualifying costs, for converting commercial buildings into residential ones. Each project will have a RM10mil cap, and on paper, this sounds like a technical measure. In practice, however, there is potential ...
Turning office gluts into urban living spaces

As we can see from the illustration, Malaysia Convert Office Building Into Condo has many fascinating aspects to explore.
Amid discussions swirling over the redevelopment and revitalisation of cities and urban areas that have ignited passions across Malaysia's political spectrum, property developers owning underutilised or empty buildings , such as office towers, are finding ways to sustain their business by converting them into residential spaces to address the growing need for housing.
Turning office gluts into urban living spaces
One such move was recently announced by Land & General Bhd, which is spending RM45mil to convert an office building it owns in Putrajaya into serviced apartments, responding to the glut of office ...

Following Malaysia's Budget 2026, property owners can now convert vacant office spaces into residential homes and enjoy a 10% special tax deduction. This initiative not only revitalizes unused ...
Think Tank Urges Conversion of Kuala Lumpur's Vacant Offices into Homes
Refsa proposes transforming vacant office buildings in Kuala Lumpur's city center into residential units to tackle housing shortages, leveraging their proximity to public transport and amenities for a vibrant urban revival.

As we can see from the illustration, Malaysia Convert Office Building Into Condo has many fascinating aspects to explore.
KUALA LUMPUR, Sept 6 — The Research for Social Advancement (Refsa) today proposed the government to convert Kuala Lumpur's vacant office towers into housing, saying the city is at a "very ripe stage" for a radical transformation. The think tank said an estimated 30 million square feet of empty office space - equivalent to 10 times the size of the Merdeka 118 tower - could be ...
Convert KL offices to home to solve housing crunch
Outline · [ Standard ] · Linear+ Convert KL offices to home to solve housing crunch 6.4k views ... « Next Oldest · Kopitiam · Next Newest »
CONTENTS A steady hollowing of Kuala Lumpur's urban core Struggling Offices Housing market in the centre, primed for financialization In the absence of land, give youths a chance Ready made solutions in prime real estate Conversion of office spaces as a concept Opportunities from conversion projects Challenges of office conversion Factors influencing conversion viability Conversion scorecard ...