KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Key Takeaway Singapore’s Draft Master Plan 2025 lays out a transformational blueprint that will reshape long-term real estate strategies. From repurposing older CBD buildings to new growth hubs in Jurong, Bishan, and Paya Lebar, investors will need to adapt portfolios toward mixed-use, decentralized, and high-specification assets to capture future demand. 1. Central Business District (CBD) Transformation Redevelopment Incentives: Schemes like the CBD Incentive Scheme and Strategic Development Incentive will reward owners who convert aging office stock into mixed-use projects (residential, hotel, work-live-play). Controlled Supply: With tighter office supply in Raffles Place and Marina Bay, investor focus may shift to diversified downtown projects that enhance liveability. 2. Rise of Polycentric Growth Hubs Jurong Lake District: Positioned as Singapore’s “second CBD” , channeling future ...