As Malaysia’s property market grapples with shifting demands, developers and contractors alike are looking at more strategic, sustainable ways to meet evolving needs. Recent reports have shown a mismatch between the number of new properties and actual sales, especially in segments aimed at the middle-income group. A report by the National Property Information Centre (NAPIC) highlighted that 54% of completed new residential units remain unsold as of Q1 2024, with affordability and location being the main issues.

While new developments will always play a role in urban growth, these figures highlight the importance of exploring more efficient use of our existing built environment.

Refurbishment and rectification of existing buildings present a practical and responsible solution. Many of Malaysia’s commercial and residential buildings, particularly in key urban centers, are structurally sound but require upgrades to meet modern standards for safety, energy efficiency, and usability. From strengthening old slabs for new mechanical systems to reconfiguring layouts for new business needs, refurbishment helps breathe new life into buildings without starting from scratch.

Developers are now becoming more selective with new launches, citing demand-side uncertainties, high construction costs, and rising holding costs. In this context, refurbishment offers an alternative growth avenue, one that aligns with economic practicality, user needs, and ESG considerations.

We’ve seen firsthand how targeted rectification and refurbishment can transform ageing buildings into safe, functional, and high-performing spaces. It might sound hard, but with precision tools like Xradar™ for structural assessment, diamond cutting for structural modification, and SGi Tech’s clean surface preparation methods, we can help building owners and managers upgrade with confidence and speed; often while the building remains in use.