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Star Biz7

Commercial to residential: The 10% push

By Samantha Wong

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.

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Budget2026 , OfficeConversion , AdaptiveReuse , TaxIncentive , OfficeVacancy , UrbanRenewal , ESGProperty , KLRealEstate

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