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Market Rate of Business Space

Market Rate of Business Space

Rental Rates for Prime Office

LocationRMUSD
Alor Setar, Kedah19.00 – 27.004.64 – 6.60
Georgetown, Pulau PinangGeorgetown 27.00 – 38.00

Outside Georgetown 36.00 – 48.00
Georgetown 6.60 – 9.28

Outside Georgetown 8.79 – 11.73
Ipoh, Perak17.00 – 24.004.15 – 5.86
Kuala Lumpur*65.00 – 118.00*15.87 – 28.82*
Petaling Jaya, Selangor60.00 – 69.0014.66 – 16.85
Seremban, Negeri Sembilan20.00 – 32.004.88 – 7.82
Melaka26.00 – 38.006.35 – 9.28
Johor Bahru, JohorBuilding Age> 5 Years 27.00 – 32.00

Building Age< 5 Years 38.00 – 48.00
Building Age> 5 Years 6.60 – 7.82

Building Age< 5 Years9.28 – 11.72
Kuantan, Pahang 16.00 – 27.003.91 – 6.60
Kuala Terengganu, Terengganu30.00 – 40.007.33 – 9.77
Kota Bharu, Kelantan12.00 – 28.002.93 – 6.84
Kota Kinabalu, Sabah16.00 – 65.003.91 – 15.88
Kuching, Sarawak22.00 – 38.005.37 – 9.28

 Notes: The Rental above are gross asking rentals per sq. m per month inclusive of service charge
*Rental excludes Petronas Twin Towers 


Source: CBRE | WTW Research, March 2020.

Cost of Industrial Land and Factory Building

Cost of Industrial Land*

Location Selling Price per ft2 Quit Rent per Annum Annual Assessment Rate
(% of property value)
Perlis RM8.00 – 12.00
US$1.84 – 2.76
RM296.50 per 100m²
US$68.20 per 100m²
8-10
Kedah (PKNK) RM10.00 – 20.00
US$2.30-4.60
RM0.80 – 1.60 per m²
US$0.18-0.37 per  m²
10 – 12
Kedah (KHTP) RM35.00
US$8.05
RM0.40– 0.80 per ha.
US$0.09 – 0.18 per ha.
8
Penang Island (based on the Valuation and Property Services Department)

  Mainland Penang Science Park and Penang Science Park North RM 50.00 (US$11.50) per sf for 60 year leasehold

  Batu Kawan iIndustrial Park RM 52.00 US$11.96 per sf for 60 year leasehold  
Island : RM 1.15 US$0.27 Per sqm Pending Mainland : RM 1.29  (US$0.30) Per sqm Island 14.75

  Mainland 11.25
Perak RM10.00 – 30.00
US$2.30 – 6.90
RM 4,500 – 11,000 per ha.
US$1,035 – 2,530 per ha.
16
Selangor RM65.00– 200.00
US$14.95 – 46.00
RM2,700.00 – 24,000.00 per ha.
US$621 – US$5,520 per ha.
8 – 13
Negeri Sembilan RM10.00– 70.00
US$2.30 – 16.10
RM1,976.84 – 7,700.00 per ha.
US$455 – 1,771 per ha.
8 – 13
Melaka RM20.00 – 60.00
US$4.60 – 13.80
RM 60 – 240 per 100m²
US$13.80 -55.20 per 100m²
Building 0.35 – 0.55

Vacant Land 0.07 –0.5  
Johor RM25.00– 90.00
US$5.75– 20.70
  Light Industry: RM1,600 per ha.
US$368 per ha.

Medium Industry: RM2,100 per ha.
US$483 per ha.

  Heavy Industry: RM2,400 per ha.
US$552 per ha.  
0.33 – 1.0
Pahang RM7.00– 21.00
US$1.61-4.83
  RM 15.00 – 21.00 per sq meter
US$3.45 – 4.83 per sq meter  
7
Terengganu RM2.00 – 70.00
US$0.46 – 16.10
RM8 – 20 per 100m²
US$1.84 – 4.60 per 100m²
5 – 10
Kelantan   RM26.00-27.00
US$5.98-6.21  
RM7,000.00 per ha
US$1,610 per ha.
5 – 12
Sabah* KKIP  

                 
POIC          
RM20.50– 28.00
US$4.72-6.44


RM26.00 -RM30.00
US$5.98 –6.90
RM0.25 p.s.f.
US$0.06 p.s.f


RM 0.05 p.s.f
US$0.01 p.s.f
9 – 15                  
Sarawak RM8.00– 20.00
US$1.84-4.60
0.05 per m² (Country Land)

  0.07-0.27 per m² (Town and Sub urban Land)
5.5 – 25.17

Cost of Ready-Built Factory*

Selling Price per ft2 of floor area Rental per ft2 per month
RM436.00
US$100
RM0.75
US$0.17
RM100.00 – 150.00
US$23.00 – 34.50
RM0.50 – 0.70
US$0.12-0.16
Not applicable RM1.00 – 2.00
US$0.23 – 0.46
Island RM 180.00 – 440.00
US$41.40 – 101.20

Mainland RM 150.00 -350.00
US$34.50– 80.50
Island RM 1.50 – 3.50
US$0.35– 0.81

Mainland  1.00  -1.70
US$0.23– 0.39
RM97 – 115
US$22.31 – 26.45
RM0.50 – 0.70
US$0.12 – 0.16
RM100.00– 500.00
US$23.00– 115.00
RM1.50 – 3.00
US$0.35 – 0.69
RM74.00 – 350.00
US$17.02 – 80.50
RM0.90 – 1.50
US$0.21 – 0.35
RM100 – 200.00
US$23.00 -46.00
RM1.00– 2.00
US$0.23 – 0.46
RM140.00 – 400.00
US$32.20-92.00
RM1.20 – 3.00
US$0.28 – 0.69
RM50.00 – 127.00
US$11.50 – 29.21
RM0.40 – 0.60
US$0.09 – 0.14
Depends on the market Depends on the market
RM100.00-150.00
US$23.00-34.50
RM0.75 – 0.85
US$0.17 – 0.20
  Detached RM1.9 mil -4 mil
US$437,000-920,000  

Semi Detached RM 1.4mil -1.6 mil
US$322,000-368,000
 
Cluster RM 700,000 – 900,000
US$161,000 – 207,000 (Only for rent)
  Ready Built factory Phase 5 (coming soon) RM1.25 p.s.f
US$0.29 (15,000 p.s.f – 3 units available)
RM 49.00 per ft²      
US$11.27 (based on MINTRED’S current rental and selling price)
RM 0.25 per ft²
US$0.06 (based on MINTRED’S current rental and selling price)  

     Source: MIDA

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