Ports powering property

Malaysia’s cargo ports have set a new benchmark in 2024, achieving record-breaking levels of activity. This unprecedented performance not only bolsters the economy, but also has significant implications for the real estate market, spurring growth in industrial, residential and commercial sectors across the nation.

“In total, we estimate that Malaysian cargo ports will have moved some 778 million tonnes of goods by the end of the year and delivered economic benefits worth RM657bil,” said chartered valuation surveyor and Irhamy Valuers International chief executive officer Irhamy Ahmad.