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US Tariffs and Penang Chip Sector: Impact and Outlook

The global technology landscape is closely watching how US tariffs are influencing key manufacturing hubs, particularly Penang chip manufacturing.As a vital player known as the "Silicon Valley of the East," any shifts in its operations due to trade policies have significant implications.This article examines the trade impact on Penang's semiconductor industry, the strategic responses being implemented, and the future prospects for this critical economic sector.Key Takeaways:US tariffs create major uncertainty for Penang chip manufacturing, affecting investment and costs.Penang is responding with task forces, adaptation toolkits, and a value chain advancement strategy.Opportunities arise for Penang from manufacturing diversification (e.g., "China Plus One") despite US trade policies.The global tech war places Penang at a complex but pivotal point in the semiconductor industry.US Tariffs Vs. Penang's Chip Sector1. Penang's Critical Role in Global Chip Manufacturing2. Understanding the US Tariff Announcements and Their Implications3. Direct Economic Effects of US Tariffs on Penang's Chip Sector4. Penang's Strategic Responses to Navigate Tariff Challenges5. The Path Forward for Penang's Semiconductor Industry6. Frequently Asked Questions (FAQs)1. Penang's Critical Role in Global Chip ManufacturingFor decades, Penang has cemented its position as a powerhouse in the global semiconductor supply chain. This Malaysian state is an island destination, where a significant portion of the world's microchips, the engines of modern technology, undergo crucial final stages of production.Serving alongside nearby Kulim, Penang has fostered an exceptional tech ecosystem, earning its designation as the "Silicon Valley of the East."It is a key operational base for global leaders such as Intel Penang, Broadcom Penang, and Micron Penang. These companies, among many other multinational corporations and local enterprises, heavily specialize in Assembly and Testing (A&T).A&T involves the meticulous process where nearly-finished silicon wafers are diced into individual chips, which are then assembled into protective packages and rigorously tested for functionality and quality.This makes Penang, and Malaysia at large, a dominant force in the Outsourced Semiconductor Assembly and Test (OSAT) market, commanding approximately 13% globally.This specialization forms the backbone of the Electronics and Electrical (E&E) industry Malaysia, which is vital to the national economy. For instance, in February 2025, Penang was Malaysia’s top export contributor with RM9.3 billion in value.The state's ability to attract and retain high-tech operations is a testament to its skilled workforce, established infrastructure, and supportive ecosystem, actively promoted by entities like InvestPenang.2. Understanding the US Tariff Announcements and Their ImplicationsRecent US import tariff announcements have introduced a notable degree of uncertainty into global trade. For Malaysia, an initial 24% tariff on many US-bound goods was announced, effective April 9, 2025, along with a general 10% duty on nearly all global imports.Although semiconductors were initially noted as exempt from this specific reciprocal tariff, the broader implications caused immediate concern within Penang chip manufacturing.The reasons for this concern include:a. Pervasive UncertaintyEven without immediate direct tariffs on chips in that particular announcement, the overall environment concerning US trade policy Malaysia chips became notably tense. A primary fear was that semiconductors could be targeted in subsequent, separate trade actions. Malaysia Semiconductor Industry Association (MSIA) president Datuk Seri Wong Siew Hai highlighted this, stating, "Semiconductors are exempt from this round... but there is still a possibility they could be targeted in the next round."Such unpredictability is challenging for an industry reliant on long-term planning and substantial capital investment.b. Impact on Embedded ComponentsSemiconductors are typically integral parts of larger products (e.g., computers, industrial equipment) which were subject to tariffs. If the final product exported to the US faces a tariff, the embedded chips are indirectly affected.c. The 90-Day Pause and NegotiationsA 90-day suspension of the higher tariffs was announced shortly after the initial measures (excluding China), though the 10% baseline duty remained. This period allowed for negotiations but also extended the uncertainty for industries attempting strategic planning.These developments unfold against the backdrop of wider trade tensions US China. Many analysts interpret these tariffs as part of a broader US strategy to reconfigure global supply chains, which naturally affects countries like Malaysia with significant global manufacturing links.Thus, US tariffs on semiconductors Malaysia explained is less about a static rule and more about navigating a dynamic and evolving policy environment.3. Direct Economic Effects of US Tariffs on Penang's Chip SectorThe announcement and implementation of US tariffs have had tangible effects on Penang chip manufacturing and its economy, primarily by fostering a climate of caution and prompting strategic reassessments among businesses.Industry Concerns and Reported Impacts:Area of ConcernReported Impact or FearDeterrence of Investment74% of MSIA survey respondents believe US policy/tariffs will negatively affect investment and Malaysia's attractiveness.Negative Outlook for E&E Sector65% of MSIA survey respondents anticipate adverse effects on Malaysia's E&E industry in the next 12 months.Inability to Absorb Tariff CostsMSIA members unanimously indicated in a survey that they cannot absorb the costs of tariffs or similar trade actions.Supply Chain DisruptionsMSIA President Wong Siew Hai noted that frequent tariff changes disrupt supply chains, increase costs, and slow global economic activity.Revision of Business StrategiesInvest Penang reported that export-oriented companies are rapidly reassessing financial projections and supply chain configurations.Potential Production RelocationsMNCs with operations in Mexico are considering production shifts due to USMCA benefits. Local ATE firms are exploring US assembly options.Risk to Future FDIA significant tariff could negatively signal prospective investors, potentially reducing Malaysia's competitiveness for Foreign Direct Investment (FDI) Penang.Source: New Straits Times, The Edge Malaysia, InvestPenang, & Malay MailA "wait-and-see" approach to new investments has been adopted by many companies, particularly Small and Medium Enterprises (SMEs), as highlighted by industry observers like Sharmila Suntherasegarun of IDEAS and William Ng, president of the SME Association of Malaysia.This cautious investment posture reflects the uncertain Penang chip manufacturing outlook amidst US protectionism.While InvestPenang's CEO, Datuk Loo Lee Lian, assured that there was "no indication" of immediate large-scale unemployment or company closures, noting firms were "still waiting to see what happens next," the industry pressure is evident.The pivotal question – Are US tariffs causing chip companies to leave Penang? – is prompting careful strategic evaluation rather than immediate departures.However, the consideration of manufacturing diversification to regions with more favorable tariff conditions, such as Mexico, clearly signals this pressure.Penang remains a linchpin of Malaysia's export economy, with RM76 billion (17%) of its total exports going to the United States in 2023, its second-largest export market. Any significant disruption in this sector has immediate implications for both local and national economic stability.4. Penang's Strategic Responses to Navigate Tariff ChallengesPenang, in collaboration with federal initiatives, is not passively observing the impact of US tariffs but is actively implementing a multi-faceted strategy focused on enhancing supply chain resilience and ensuring long-term industrial competitiveness.Chief Minister Chow Kon Yeow has affirmed the state's commitment to "proactive and relevant measures."Key Strategic Initiatives:Penang Tariff Monitoring Taskforce: Established promptly by Chief Minister Chow Kon Yeow, this taskforce serves as a central body to monitor trade developments, engage with affected industries, and guide responsive policy actions.Trade Adaptation Toolkit: A toolkit is being developed to assist exporters and SMEs in navigating the complexities of tariffs, ensuring compliance, and restructuring operations if necessary. It aims to provide practical resources, including guidance on accessing alternative markets through trade agreements like RCEP and CPTPP.Export Market Diversification: While the US is a vital trade partner, Penang is actively pursuing diversification by expanding its export markets to other global regions to mitigate risks associated with over-reliance on any single market. This approach to manufacturing diversification is a key element of its resilience strategy.Advancement in the Value Chain (National Semiconductor Strategy - NSS): Malaysia is strategically shifting its focus from predominantly backend A&T activities towards higher-value, front-end operations. This includes fostering capabilities in integrated circuit (IC) design, wafer fabrication, and more sophisticated testing and packaging. Global industry leaders like Intel and Infineon have committed billions in new investments for their operations in Penang and Kulim, aligning with this national agenda.Leveraging the "China Plus One" Strategy: Amidst ongoing trade tensions US China, many multinational companies are seeking to diversify their manufacturing bases beyond China. Penang, with its established industrial ecosystem and neutral geopolitical positioning, is well-placed to benefit from this "China Plus One" trend. This presents an opportunity to partly address the question: Will Penang benefit from US-China chip war despite tariffs?Strengthening Infrastructure: Recognizing the critical needs of the high-tech sector, Penang is significantly investing in its infrastructure. Key projects include a new 275-kV cross-sea transmission line to enhance power supply to the island and the development of new water treatment plants. Additionally, the "Silicon Island" reclamation project, due for completion by 2032, will provide further land for industrial expansion.Chief Minister Chow Kon Yeow's statement, "Penang is not retreating. We are realigning, recalibrating, and reaffirming our role as a key economic driver for the nation," encapsulates this proactive stance. These strategies for Penang chip industry to navigate US tariffs signify a forward-looking adaptive approach, which is crucial for maintaining Foreign Direct Investment (FDI) Penang and overall investor confidence.5. The Path Forward for Penang's Semiconductor IndustryThe semiconductor industry in Penang faces a complex global trade environment, shaped significantly by US trade policy Malaysia chips and the broader tech war. While challenges persist, strategic opportunities also emerge.Persistent Challenges:Ongoing Tariff Uncertainty: The potential for new tariffs or evolving trade regulations remains a primary concern, impacting long-term investment stability.Intense Global Competition: Other nations in the region and globally are actively competing for semiconductor investments and market share.Demand for High-Skilled Talent: Transitioning to higher-value activities requires a continuous supply of highly skilled professionals in areas like IC design and advanced manufacturing.Opportunities and Strengths:Robust Industrial Foundation: Decades of experience have created a mature and resilient semiconductor ecosystem in Penang.Strong Government Support: Proactive support from InvestPenang, MIDA, and state and federal governments is a key enabler."Friend-Shoring" and Diversification Appeal: As global firms seek to de-risk supply chains, Malaysia, including Penang, offers a stable and skilled alternative manufacturing location.Negotiating Leverage: Malaysia's significant role in global supply chains for critical goods like electronics (including 20% of US chip imports), rare earths, and medical supplies provides points of leverage in trade negotiations.The future of Penang's semiconductor sector with new US tariffs is not predetermined but is being actively shaped by strategic adaptation and a focus on emerging opportunities.This path requires agility, innovation, and sustained investment in infrastructure and human capital.While US tariffs have introduced considerable challenges, Penang’s foundational strengths and proactive responses position it to navigate this period and potentially enhance its global standing in the Malaysia chips industry and beyond.6. Frequently Asked Questions (FAQs)Which US tariffs are most affecting Penang's chip manufacturing? While semiconductors were noted as initially exempt from a specific 24% reciprocal tariff on Malaysian goods, the overarching trade uncertainty, a 10% baseline duty on many global imports, and the potential for future targeted actions on electronics are the primary sources of concern for Penang chip manufacturing. Is Penang still a favorable location for Foreign Direct Investment (FDI) in semiconductors despite US tariffs? Yes, Penang remains an attractive destination due to its strong ecosystem, skilled labor, government support via InvestPenang, and strategic location. State initiatives to mitigate tariff impacts and opportunities from the "China Plus One" strategy further enhance its appeal. However, investors are exercising increased caution given the current global trade climate.How is Penang's government assisting chip manufacturers with US tariff challenges? The Penang state government, under Chief Minister Chow Kon Yeow, has established a "Penang Tariff Monitoring Taskforce" to track developments and engage with affected sectors. A "Trade Adaptation Toolkit" is also being developed to help exporters and SMEs navigate tariffs, compliance, and explore alternative markets.Are major job losses anticipated in Penang's electronics sector due to US tariffs? As of early 2025, there were no reports of immediate, large-scale unemployment or company closures directly due to tariffs; firms were primarily reassessing strategies. However, industry associations have warned of potential job losses in the near term if unresolved tariff issues negatively impact profitability and investment.Could the US-China "tech war" potentially benefit Penang's chip industry? Yes, potentially. As global companies seek to diversify supply chains away from a heavy reliance on China (the "China Plus One" strategy), Penang and Malaysia, with their established Electronics and Electrical (E&E) industry Malaysia and neutral stance, can become attractive alternative manufacturing hubs. This could lead to increased Foreign Direct Investment (FDI) Penang.What is "Assembly & Testing (A&T)" and why is it crucial for Penang's chip industry? Assembly and Testing (A&T) is a critical backend stage in semiconductor manufacturing. After silicon wafers are fabricated, individual chips are cut, assembled into protective packages, and rigorously tested for functionality and quality. Penang is a global leader in this Outsourced Semiconductor Assembly and Test (OSAT) segment, making it an indispensable part of the global semiconductor supply chain.Where can one find reliable information about investing in Penang's industries? For authoritative information, consult official Malaysian government agencies such as InvestPenang (the state's primary investment promotion agency) and the Malaysian Investment Development Authority (MIDA). Their official websites and publications offer comprehensive data, insights, and guidance for potential investors.Inspired by Penang’s dynamic future? Secure your real estate investment in this thriving tech hub. Connect with IQI for tailored advice and opportunities![hubspot portal="5699703" id="2380afe3-ad4c-4cfa-9abf-d3947e377bf2" version="" type="form"]Continue Reading:Top 5 New Housing Developments in Penang Island.US Tariffs: How Are They Affecting Malaysia Real Estate?Rent vs Buy in Malaysia: Which Makes Sense with Your Current Salary?Reference and CitationBernama. (2025, April 12). Penang diversifying exports to offset US tariff impact - Chow. The Sun. Retrieved from https://thesun.my/malaysia-news/penang-diversifies-exports-to-offset-us-tariff-impact-chow-AJ13925360Bernama. (2025, April 12). Penang diversifying exports to offset US tariff impact, says CM. The Edge Malaysia. Retrieved from https://theedgemalaysia.com/node/751285Bernama. (2025, April 13). Penang Diversifying Exports to Offset Impact of US Tariffs. The Exchange Asia. Retrieved fromhttps://theexchangeasia.com/penang-diversifying-exports-to-offset-impact-of-us-tariffs/Bernama. (2025, May 11). US move to ease curbs on chip exports an opportunity for Malaysia's AI and data centre sectors. Awani International. Retrieved fromhttps://international.astroawani.com/malaysia-news/us-move-ease-curbs-chip-exports-opportunity-malaysias-ai-and-data-centre-sectors-520018Bernama. (2025, May 16). Semiconductor, E&E firms pressured by US tariff: MSIA. New Straits Times. Retrieved fromhttps://www.nst.com.my/business/corporate/2025/05/1216969/semiconductor-ee-firms-pressured-us-tariff-msiabno - Surabaya Office. (2025, May 15). Malaysia’s chip sector navigates tariff turmoil and rising regional competition. bne Intellinews. Retrieved fromhttps://www.intellinews.com/malaysia-s-chip-sector-navigates-tariff-turmoil-and-rising-regional-competition-381209/Buletin Mutiara. (2025, April 6). Industry feedback on US tariff impact submitted to PM Anwar, Miti Minister, says CM Chow. Buletin Mutiara. Retrieved fromhttps://www.buletinmutiara.com/industry-feedback-on-us-tariff-impact-submitted-to-pm-anwar-miti-minister-says-cm-chow/Business News. (2025, May 5). Penang, a major export hub, faces biggest risks in Trump’s tariff war. Business News. Retrieved fromhttps://businessnews.com.my/2025/05/05/penang-export-hub-risks-tariff/Carolyn K. (2025, April 6). Penang looking to negate impact of US tariffs, says Chow. Free Malaysia Today. Retrieved fromhttps://www.freemalaysiatoday.com/category/nation/2025/04/06/penang-looking-to-negate-impact-of-us-tariffs-says-chowChoy Nyen Yiau. (2025, April 3). Malaysia's semicon firms brace for future US action after dodging tariffs. The Edge Malaysia. Retrieved fromhttps://theedgemalaysia.com/node/750168Dermawan, A. (2025, April 8). Penang industry urges action over US 24pct tariff, impact on exporters and economy. New Straits Times. Retrieved fromhttps://www.nst.com.my/news/nation/2025/04/1199127/penang-industry-urges-action-over-us-24pct-tariff-impact-exporters-andDermawan, A. (2025, April 11). No immediate threat to jobs or closures in Penang despite US tariff. New Straits Times. Retrieved fromhttps://www.nst.com.my/news/nation/2025/04/1200394/no-immediate-threat-jobs-or-closures-penang-despite-us-tariffGoh, M., & Abu Baker, J. (2024, September 16). What Penang is doing to reclaim its title as the Silicon Valley of the East. CNA. Retrieved fromhttps://www.channelnewsasia.com/asia/penang-semiconductor-industry-ambitions-investment-intel-4608556Goh, M., & Lam, K. (2025, May 13). Investments in Malaysia’s semiconductor industry remain uncertain amid tariff tensions, say experts. CNA. Retrieved fromhttps://www.channelnewsasia.com/asia/malaysia-united-states-trump-tariffs-semiconductors-5125736Invest Penang. (2025, April 8). [Press Release] Penang Industry Voices Urgent Concerns over U.S. 24% Tariff: Immediate Impact on Exporters and Economy. Invest Penang. Retrieved fromhttps://investpenang.gov.my/press-release-penang-industry-voices-urgent-concerns-over-u-s-24-tariff-immediate-impact-on-exporters-and-economy/McIntyre, I. (2025, April 11). No retrenchments, shutdowns in Penang’s manufacturing sector due to US tariffs. The Vibe. Retrieved fromhttps://www.thevibes.com/articles/news/106899/no-retrenchments-shutdowns-in-penangs-manufacturing-sector-due-to-us-tariffsMok, O. (2025, April 8). InvestPenang warns 24pc US tariff may hurt Malaysia’s FDI prospects, trigger shift to Mexico. Malay Mail. Retrieved fromhttps://www.malaymail.com/news/malaysia/2025/04/08/investpenang-warns-24pc-us-tariff-may-hurt-malaysias-fdi-prospects-trigger-shift-to-mexico/172336N. Trisha. (2025, April 11). Penang announces task force to track US tariff effects, toolkit to help SMEs soften impact. The Star. Retrieved fromhttps://www.thestar.com.my/news/nation/2025/04/11/penang-announces-task-force-to-track-us-tariff-effects-toolkit-to-help-smes-soften-impactNambiar, P. (2025, April 11). Penang launches task force, toolkit to counter US tariffs. Free Malaysia Today. Retrieved fromhttps://www.freemalaysiatoday.com/category/nation/2025/04/11/penang-launches-task-force-toolkit-to-counter-us-tariffsTan, T., & Vethasalam, R. (2025, May 5). Penang will be among states hit hardest by US tariffs, Dewan Rakyat told. The Star. Retrieved fromhttps://www.thestar.com.my/news/nation/2025/05/05/penang-will-be-among-states-hit-hardest-by-us-tariffs-dewan-rakyat-toldThe Edge Malaysia. (2025, April 14). Malaysia’s key US leverage: Electronics, chips, rare earths, gloves and security — Kenanga. The Edge Malaysia. Retrieved fromhttps://theedgemalaysia.com/node/751369The Edge Malaysia. (2025, May 16). No member able to absorb tariffs, says Malaysian semiconductor association. The Edge Malaysia. Retrieved fromhttps://theedgemalaysia.com/node/755402

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5 Smart Ways Malaysians Can Boost Their Income in 2025 

Version: BMWith economic uncertainty, tariffs issues and the rising cost of living, many Malaysians are starting to feel the squeeze. From a shaky job market to global instability, one thing is clear: relying on a single source of income may no longer be enough. Experts warn that tougher times could persist, which makes it more important than ever to build multiple income streams. But what can you actually do without turning your lifestyle upside down? Maybe find a passion where you can generate money from home?Here are five practical ways to earn extra income while building long-term financial resilience. Tips to Boost Your Income in 2025: 1. Start a Side Hustle That Solves a Real Problem  2. Invest in Dividend-Paying Assets  3. Learn High-Demand Digital Skills  4. Tap Into the Creator Economy  5. Explore Digital Real Estate  Frequently Asked Questions (FAQs)1. Start a Side Hustle That Solves a Real Problem Whether it’s home baking, tutoring, writing, coding, or design skills, side hustles and freelance services are powerful ways to earn extra income. Think about what you’re good at. Can you help small businesses with social media? Are you skilled in video editing, voiceover, or resume writing? Platforms like TikTok and Instagram make marketing easier than ever, while Upwork, Fiverr and LinkedIn connect you with clients worldwide who pay in stronger currencies like USD or SGD. This will helps to protect your earnings from local inflation. Popular side hustle include: ✅ Freelance Writer ✅ Graphic Designer ✅ Content Creator ✅ Home Tutor 2. Invest in Dividend-Paying Assets Not all investments are risky. Dividend stocks and REITs (Real Estate Investment Trusts) offer a more stable way to grow your money. These assets pay you a portion of profits regularly, creating passive income over time. You don’t need to be an expert to start, but it’s wise to understand the basics or speak to a licensed financial advisor. 3. Learn High-Demand Digital Skills Upskilling can open doors to better-paying remote jobs and freelance gigs. Skills like digital marketing, coding, data analysis, and UX/UI design are in high demand. Online platforms such as Coursera, Udemy, and LinkedIn Learning offer affordable courses to help you get started. Investing time in learning new skills today can pay off with increased earning potential tomorrow. 4. Tap Into the Creator Economy Love making videos, writing, or sharing your passions online? The creator economy lets you turn that into real income. Platforms like TikTok, YouTube, Instagram and Substack offer ways to earn through ads, sponsorships, affiliate links and fan support. Focus on a niche you enjoy, be consistent, and engage with your audience. Start small (maybe a few videos or newsletters) and build from there. Many creators turn hobbies into steady income by growing loyal followers and exploring brand deals or memberships. With some creativity and persistence, your content can pay off both financially and personally. 5. Explore Digital Real Estate You may not be able to buy physical property yet, but digital real estate is a growing opportunity. Think niche blogs, affiliate websites or monetised Instagram pages. These online assets earn money through ads, affiliate sales or sponsored content, and they grow in value over time if built properly. The future may be uncertain, but taking small, consistent steps now can help you stay ahead. Whether you're freelancing after work, investing in dividend stocks or building a personal brand, each effort adds up. Financial freedom doesn’t happen overnight, but with the right mindset and persistence, it’s within reach. Frequently Asked Questions (FAQs) 1. What’s the best way to start a side hustle without quitting my day job? Start small by using your skills or hobbies and dedicate a few hours a week on platforms like TikTok or Fiverr. 2. How can I invest in dividend-paying assets if I’m new to investing? Learn the basics first and start with small investments in stable dividend stocks or REITs.3. What digital skills should I learn to increase my income potential?  Focus on in-demand skills like digital marketing, coding, or data analysis through affordable online courses. 4. How can I start earning from real estate without buying physical property? Explore digital real estate like niche blogs, affiliate websites, or monetised social media pages that generate income through ads and sponsorships. Ready to earn a high income on your terms? Join us as a property agent and enjoy flexible, remote work that lets you live your best life.[hubspot portal="5699703" id="c063034a-f66d-41ab-881b-6e6a3f275c33" version="" type="form"]Continue Reading: 7 Popular High-Paying Work From Home Jobs in Malaysia in 20252. Looking for Career Flexibility in Malaysia? Here’s Why Real Estate Is for You 3. These 5 Jobs Pay You More Than 80k A Year & Don’t Require A Four-Year Degree!

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Top 5 New Housing Developments in Penang Island

Version: CN, BMPenang, located on the northwest coast of Peninsular Malaysia, continues to solidify its reputation as one of the top destinations for homebuyers and investors.Known as the "food capital" of the country, this Malaysian state offers more than just local delicacies and heritage-rich streets, it’s a dynamic centre for urban living, culture, and tourism.Whether you’re drawn to the colonial buildings of George Town or the modern skyline stretching across the island, Penang’s real estate opportunities are booming.Choosing the right accommodation for your family or investment needs in Penang Island can be overwhelming, especially when considering location, accessibility, amenities, and long-term value.Explore this guide of the top new residential apartments and landed homes, each designed to meet diverse lifestyles, budgets, and priorities!Discover Your New Home or Investment!1. The Navens @ Butterworth by Exsim Group2. Noordinz Suites @ George Town by EXSIM Group3. Baymont Residence @ Bayan Lepas4. The Anton @ Pulau Tikus5. d’Courtyards @ Machang BubokTips When Considering a New Home in PenangFrequently Asked Questions (FAQs)1. The Navens @ Butterworth by Exsim Group[single_property type="project" identifier="the-navens"]The Navens is a low-density development in Butterworth, just off the Penang Bridge.Located on the mainland, it provides excellent connectivity to Penang Island, offering a quieter lifestyle while staying close to the city centre.Project OverviewFeatureDetailsLocationJalan Raja Uda, ButterworthDeveloperExsim GroupBuilt-up Sizes801 – 1,195 sq ftPrice RangeFrom RM398,800TenureFreeholdKey Features & Amenities:5 towers with over 2,000 serviced apartment unitsLifestyle-focused facilities like co-working space, gym, and swimming poolCommercial components for retail convenience within the developmentWhy Consider The Navens?The Navens offers value-focused living for first-time buyers and small families.Residents benefit from city amenities like a co-working space and pool while enjoying peace on the mainland.Services and schools are nearby, and the development’s expected growth adds long-term value.2. Noordinz Suites @ George Town by EXSIM Group[single_property type="project" identifier="Noordinz-Suites"]Located in the heritage-rich centre of George Town, popularly known as Penang’s largest city, Noordinz Suites combines compact city apartments with lifestyle convenience.Positioned minutes away from major services, restaurants, and malls, it's ideal for digital nomads, medical tourists, or investors targeting short-term rentals.Project OverviewFeatureDetailsLocationGat Lebuh Noordin, George TownDeveloperEXSIM GroupBuilt-up Sizes377 – 603 sq ftPrice RangeRM593,800 – RM942,900TenureFreeholdCompletion (Est.)Not publicly specifiedKey Features & Amenities:603 serviced apartment units with smart home integration and hotel-style interiorsFacilities include a sky gym, infinity pool, reading lounge, co-working space, jacuzzi, and more24-hour security with gated access, concierge lobby, and covered parkingWhy Consider Noordinz Suites?This modern serviced apartment development includes smart home features, a sky gym, and a concierge lobby.Located near Gurney Drive, Komtar, and public transport, it also appeals to those seeking short walk access to Penang’s best services and amenities.Its location on Penang Island's northern corridor places it close to the upscale neighbourhoods of Tanjung Tokong and Tanjung Bungah.3. Baymont Residence @ Bayan Lepas[single_property type="project" identifier="baymont-residences"]Baymont Residence, located in the south of Penang Island, in Bayan Lepas, offers a premium lifestyle with privacy in mind.The development comprises freehold bungalows with eco-conscious features and large family spaces, making it ideal for multi-generational living.Project OverviewFeatureDetailsTotal Units79 three-storey freehold bungalowsBuilt-Up Area4,377 sq ft to 4,973 sq ftLand AreaBetween 3,972 sq ft and 12,023 sq ftLayouts5 bedrooms + 5 bathrooms or 6 bedrooms + 6 bathroomsTenureFreeholdDeveloperWHH LandKey Features & AmenitiesGated & guarded community for peace of mindPrivate clubhouse with infinity pool, gymnasium, sauna, multipurpose hall, and kid’s poolOutdoor children’s playgroundGreen building initiatives including rainwater harvesting and solar panel hot water systemsBuilt-in lifts in each unit for convenienceWhy Consider Baymont Residence?Its location near the Penang International Airport and Bayan Lepas industrial hub, famous for electronics manufacturing, ensures daily conveniences and strong rental demand.Families will appreciate the large courtyards, children’s facilities, and energy-efficient systems.As Pulau Pinang’s property values continue to climb, this limited development stands out as a high-potential investment.4. The Anton @ Pulau Tikus[single_property type="project" identifier="the-anton"]Located in the upscale George Town suburb of Pulau Tikus, The Anton delivers luxurious, low-density city living.It’s a short drive from Gurney Drive and Straits Quay, with easy access to international schools, hospitals, and coastal dining options.Project OverviewFeatureDetailsTotal Units51 units across 13 storiesBuilt-Up Area2,698 sq ft to 5,470 sq ftLayouts3+2 bedrooms to 4+4 bedrooms, 4 to 5 bathroomsTenureFreeholdDeveloperTamarins GroupKey Features & AmenitiesGated & guarded for securityPrivate lift lobby for each unit enhancing privacySwimming pool, wading pool, gymnasium, BBQ deckGourmet kitchen and landscaped gardenFunction hall for community eventsEco-friendly features including electric vehicle charging stationsWhy Consider The Anton?The Anton integrates exclusive facilities like EV charging stations and private lift lobbies with community spaces for children and family gatherings.This project caters to affluent locals and the Chinese community seeking a blend of tradition, security, and contemporary living in Penang Island’s northern region.5. d’Courtyards @ Machang Bubok[single_property type="project" identifier="d-courtyards"]d’Courtyards is situated in the fast-growing township of Machang Bubok, off Jalan Machang Bubok.It’s approximately 500 meters from SK Machang Bubok 2 and about a 10-minute drive to AEON Mall at Alma.The development is also near the Vangohh Eminent Hotel and surrounded by other residential projects such as The Navens, Garden Terraces, and Hillpark Residences.Project OverviewFeatureDetailsTotal Units71 double-storey terrace housesLayoutsType A: Built-up 26' x 42'; land 26' x 65'Type B: Built-up 22' x 43'; land 22' x 75'Bedrooms / Bathrooms4 bedrooms and 4 bathrooms per unitTenureFreeholdKey Features & AmenitiesGated & guarded community ensuring securityBasketball court, jogging track, outdoor playground, pocket gardens with benchesClub lounge for community gatheringsPrivate courtyard for each home enhancing natural light and ventilationWhy Consider d’Courtyards?Residents can enjoy peaceful, family-focused living near schools, night markets, and public amenities.The development includes jogging tracks, playgrounds, and a club lounge.Given its proximity to the city, island access, and location in Negeri Pulau’s growing corridor, this project is expected to appreciate steadily.Tips When Considering a New Home in PenangBefore you commit to a property, it helps to review a few key factors that can make or break your investment:1. Location & AccessibilityPrioritise projects with good road access, proximity to public transportation, and nearby commercial or educational centres.Being near essentials saves time and enhances long-term value.2. Developer ReputationOpt for developers with a strong track record in quality, timely delivery, and post-handover service.A well-known developer often brings higher buyer confidence and better resale value.3. Tenure & Legal TermsFreehold properties are generally more sought after for long-term ownership, though leasehold projects in prime areas may also offer strong value propositions.4. Facilities & Community LivingEvaluate if the development offers practical amenities that suit your lifestyle.Families may prefer playgrounds and multipurpose halls, while working professionals might benefit more from co-working spaces and gyms.5. Resale & Rental PotentialIf investment is your goal, look at surrounding rental demand, occupancy trends, and the area's future development plans.A well-connected, fully furnished unit near key employment zones will usually see higher rental returns.From beachfront retreats to high-rise city apartments, Penang offers diverse options for every type of buyer.Whether you're relocating from Kuala Lumpur, upgrading within Penang Island, or investing from abroad, these properties deliver strong location advantages, modern services, and smart layouts.When evaluating new developments in Pulau Pinang, always consider transport links, developer reputation, unit size, and community facilities.With the highest population density in Malaysia and the ongoing evolution of this vibrant destination, now is an excellent time to secure your place in Penang’s future.Frequently Asked Questions (FAQs)Is Penang property a good investment? Investing in a new landed house in Penang offers strong potential for capital growth, especially in sought-after locations. Property values have consistently risen over the years, making it a solid long-term asset.How much do I need to retire in Penang? A single person can live comfortably in Penang with RM 4,000 to RM 8,500 monthly, while a family of four may spend RM 7,500 to RM 14,000, depending on lifestyle and housing. Its blend of affordability and quality living makes Penang a top choice for expats and retirees.Start exploring your property investment options in Penang with our experienced property agents! Contact us today for professional guidance and make your dreams come true![hubspot portal="5699703" id="85ebae59-f425-419b-a59d-3531ad1df948" version="" type="form"]Continue Reading:Penang Turf Club: From Racing Legacy to Future Land ProspectsPenang Property Insights: Beautiful Homes by the Sea, Upcoming Mutiara LRT Brings High Return Potential15 Things First-Time Homebuyers Wish They Knew Before Buying Their First House

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US Tariffs: How Are They Affecting Malaysia Real Estate?

Version: BMWorried how global trade shake-ups like new US tariffs might derail your Malaysian property plans?With headlines flying and complex economic jargon, it's easy to feel lost and anxious about your investments. This guide breaks down exactly what you should know about US tariffs and how they specifically affect Malaysian real estate, offering clear insights to help you navigate the market with confidence.US Tariffs VS. Malaysia Real Estate1. What Are the New US Tariffs and How Do They Affect Malaysia?2. How Might US Trade Policies Shake Malaysia's Overall Economy?3. Will US Tariffs Actually Impact Malaysian Real Estate?4. How Will Different Malaysian Property Sectors Navigate These Tariff Challenges?5. With US Tariffs, Is Malaysian Property Still a Good Investment?6. Frequently Asked Questions (FAQs)1. What Are the New US Tariffs and How Do They Affect Malaysia?Source: BrookingsEssentially, US tariffs are taxes slapped on goods imported into the United States. The US has recently rolled out new tariffs targeting various countries, including Malaysia, aiming for what they term more "reciprocal" trade and to address trade imbalances.For Malaysia, this means a 24% tariff has been announced on many Malaysian products sent to the US. It's not an across-the-board tax, though. Crucially for Malaysia, vital exports like semiconductors are currently exempt, which is a huge relief given Malaysia's significant role in the global tech supply chain.However, a range of other goods, from certain electrical and electronic (E&E) items to furniture and palm oil products, will likely face this new import duty.Let's visualize how this could impact some key Malaysian export categories (other than the exempt semiconductors):Malaysian Export CategoryHypothetical Product ExampleCurrent Scenario (No New Tariff)Scenario with 24% US TariffPotential Impact on US Importer/ConsumerElectrical & Electronic (Non-Semi)Assembled Consumer Electronic DevicePrice = RM500Price = RM500 + RM120 (Tariff) = RM620Higher retail price or reduced importer profit marginFurnitureWooden Dining SetPrice = RM2,000Price = RM2,000 + RM480 (Tariff) = RM2,480Significantly more expensive for US buyersPalm Oil DerivativesProcessed Palm Oil for Food/CosmeticsPrice = RM100/unitPrice = RM100 + RM24 (Tariff) = RM124Increased cost for US food/cosmetic manufacturersRubber ProductsIndustrial Rubber HosesPrice = RM300Price = RM300 + RM72 (Tariff) = RM372Higher input costs for US industries using these productsMachinery & EquipmentSpecialized Industrial Machine ComponentPrice = RM10,000Price = RM10,000 + RM2,400 (Tariff) = RM12,400Substantial cost increase for US factories or businesses(Note: This table is illustrative. Actual products and impacts will vary. Tariff calculations are simplified.)The US administration's goal, with actions like these, is to bolster American industries by encouraging businesses to buy more locally produced goods or by prompting changes in other countries' trade policies.2. How Might US Trade Policies Shake Malaysia's Overall Economy?The imposition of US tariffs extends beyond the directly taxed goods, creating ripples throughout the wider Malaysian economy.Economists are closely scrutinizing these developments.Lee Heng Guie, Executive Director of the Socio-Economic Research Centre, stated:"Our economy is still highly vulnerable to tariff war shock in major economies as China, the US and EU accounted for a combined exports share of 33.3% in 2024.""We have revised lower our 2025’s GDP growth estimate to 4% from 5% previously to reflect the impact of tariffs on exports and its spillover effect on domestic consumption and investment."Here's a summary of various economic forecasts and expert commentary regarding the impact on Malaysia:Analyst/Institution2025 GDP Growth Forecast Post-Tariff NewsKey Expert Comments & ConcernsCIMB Securities4.0% (revised from 5.0%)"We are revising down our outlook for Malaysia’s external trade, given weaker US import demand, driven by the imposition of higher tariffs..."United Overseas Bank (UOB)4.0% (potential -0.7ppt from baseline)"We think the prolonged uncertainty and significance of Malaysia’s exposure to the semiconductor segment will impact trade and growth prospects."HSBC Global Research4.8%"Malaysia’s domestic resilience from both consumption and investment looks promising."OCBC Global Markets Research4.5%"The strength in household and investment spending will likely sustain in 2025 while E&E export growth will remain strong, but moderate..."RHB Investment BankExpects export growth of 4.9% in 2025"We are more concerned about the potential spillover effects of slower demand from Malaysia's trade partners, particularly China and the US, should trade tensions escalate."MIDF ResearchExpects export growth of 4.9% in 2025Cautious about risks to external trade from US tariff policies, geopolitical conflicts, and weaker demand from key trading partners.Bank Negara Malaysia (BNM)4.5% - 5.5% (maintained as of March 2025)Growth anchored by domestic demand, but notes "outlook for global growth, inflation and trade is subject to considerable uncertainties surrounding tariff...policies."Star Property (IQI Quote)Potentially +1ppt to GDP over 4 yearsKashif Ansari: "This [China Plus One due to tariffs] policy alone could contribute an additional 1 percentage point to Malaysia's GDP over four years."International Monetary Fund (IMF)4.7% for 2025 (pre-April tariff news)Risks tilted to the downside, including "deepening geoeconomic fragmentation, a growth slowdown in major trading partners."Source: The Edge Malaysia, The Star, Bank Negara Malaysia, IMF, and Star PropertyThis economic pressure can also manifest as potential inflation and increased volatility for the Ringgit exchange rate.Furthermore, while Foreign Direct Investment (FDI) Malaysia might benefit from the "China Plus One" strategy, broader global economic uncertainties can make investors hesitant.The performance of key Malaysia export commodities, such as palm oil and various manufactured goods, remains a critical area to watch.3. Will US Tariffs Actually Impact Malaysian Real Estate?This is where the impact gets very tangible for anyone involved in Malaysian real estate. A primary concern is the effect on construction costs.If essential building materials—think steel, aluminum, lumber, glass, ceramics, and even specialized fixtures—that Malaysia imports directly or that contain imported components face tariffs, then the expense of erecting new homes and commercial buildings will almost certainly climb.As The Hoyt Organization points out, even before the latest announcements, "the projected...increase in tariffs will make it impossible for companies to avoid passing costs down to consumers.""We've seen similar situations in other markets."For example, Houlihan Lokey reports a 34% surge in US material costs from late 2020 to early 2025, largely due to such pressures.Let's break down how specific construction phases or components could be impacted by tariff-related cost increases on materials:Construction Component/PhaseKey Materials Potentially Affected by TariffsHow Tariffs Could Increase CostPotential Knock-on Effect on Project & PriceFoundation & StructureSteel reinforcement bars, structural steel sectionsHigher prices for imported steel or raw materials for domestic steel production if sourced from tariffed nations.Increased fundamental building costs.Building EnvelopeAluminum window/door frames, facade panels (metal/glass), roofing materialsTariffs on processed aluminum, specialized glass, or specific chemical coatings for roofing.Higher costs for exterior finishing and weatherproofing.Interior FinishingCeramic/stone tiles, sanitary ware, kitchen cabinetry, wood flooring, electrical fittingsDirect tariffs on finished goods or on raw materials (e.g., timber for flooring, specific plastics for fittings).Increased costs for making spaces habitable and appealing.Mechanical, Electrical & Plumbing (MEP)Copper pipes/wiring, HVAC units, specialized pumps & motorsTariffs on copper, imported components for HVAC systems, or finished mechanical units.Higher costs for essential building systems.When developers face these rising construction costs, they are often left with tough decisions:Absorb the Costs: This erodes their profit margins, which might be unviable for many, especially in a competitive market.Pass Costs to Buyers: This leads to higher property values for new units. In a strong demand environment, this might be possible, but it can strain housing affordability.Delay or Re-scope Projects: Developers might postpone new launches or alter designs to use less expensive materials or reduce overall project size. Richard Barkham of CBRE noted that such cost increases "could persuade developers to put some projects on hold."Any significant slowdown in new construction could tighten the supply of new properties. While this might benefit existing property owners in the short term by increasing the value of their assets due to scarcity, it could exacerbate broader affordability challenges in the long run.4. How Will Different Malaysian Property Sectors Navigate These Tariff Challenges?The impact of US tariffs on Malaysian real estate won't affect all segments uniformly. Different parts of the market will likely experience the economic climate in distinct ways. Let's delve deeper:a. Residential Real Estatei. Luxury Residential MarketThe luxury residential market, encompassing high-end condominiums and villas in coveted locations like KLCC or Penang's waterfront, could experience a complex tug-of-war.On one side, Malaysia's relative stability and attractive lifestyle, possibly enhanced by a more favorable Ringgit exchange rate for foreign buyers, might attract international capital looking for diversification, especially from regions facing more severe trade restrictions.The recent overhaul and re-launch of the Malaysia My Second Home (MM2H) program, with its new tiered structure (Silver, Gold, Platinum), is strategically designed to lure precisely this demographic of foreign investors and long-stay residents.However, the flip side is that significant global economic uncertainty, amplified by trade war fears, tends to make even affluent buyers more cautious. Large-ticket purchases like luxury properties could be deferred, leading to a slowdown in transactions or a softening of prices in these premium segments.ii. Mid-range and Affordable HousingFor the mid-range and affordable housing segments, the outlook is heavily tied to domestic economic health and job security. If the tariffs lead to a slowdown in Malaysia's export-oriented industries (those not shielded by semiconductor exemptions) and impact employment or wage growth, then local demand for these homes could naturally weaken.This is a particular concern because these buyers are often more sensitive to interest rate changes and overall affordability.Simultaneously, if construction costs escalate due to tariffs on building materials, developers will find it increasingly challenging to deliver genuinely affordable housing projects without compromising on quality or squeezing their already tight margins.This could create a double whammy: reduced buyer capacity and more expensive new units, further straining the government's efforts to address housing affordability.The rental market within these segments might also tighten if the construction of new homes slows significantly. A reduced supply of new rental stock, in areas with ongoing demand, could lead to higher rental asking prices for existing units.b. Commercial Real EstateMalaysia's commercial real estate sector, particularly offices and retail, faces its own set of tariff-induced headwinds. i. OfficeThe office market, especially in urban centers like Kuala Lumpur and the broader Klang Valley, was already grappling with significant vacancy rates and oversupply in certain grades of buildings even before these new trade tensions emerged.If businesses that are heavily reliant on international trade—either as exporters to the US or importers of goods now subject to tariffs—experience reduced profits or scaled-back operations, their demand for office space is likely to shrink.This could manifest as companies delaying expansion plans, consolidating operations, or even downsizing existing footprints. There might be a greater shift towards more flexible workspace solutions, such as co-working spaces, as businesses try to manage costs and uncertainty.While high-quality, green-certified office buildings in prime locations (the "flight to quality" trend noted by CBRE) might still attract tenants, the overall market could see continued pressure on rental rates and occupancy.i. RetailThe retail sector is perhaps even more directly exposed to the consumer impact of tariffs. When imported consumer goods become more expensive due to tariffs, that cost is often passed directly to shoppers.If Malaysian households are already feeling the pinch from potential inflation or economic uncertainty, their discretionary spending is likely to be curtailed.This translates to lower footfall in shopping malls and a more challenging environment for retailers, particularly those selling mid-range to high-end imported goods or international brands that don't have robust local sourcing strategies.Retailers focusing on essential goods or offering strong value propositions might fare better, but the overall sentiment could lean towards caution. We might see tenants negotiating harder on rental terms or even some store closures if sales significantly decline.c. Industrial & LogisticsInterestingly, the industrial and logistics real estate sector in Malaysia could find itself in a surprisingly advantageous position amidst the tariff turmoil. This is largely due to the escalating "China Plus One" strategy being adopted by multinational corporations.As companies worldwide seek to de-risk their supply chains and reduce their over-reliance on manufacturing solely in China—partly driven by the ongoing US China trade war impact on Malaysia and the desire to avoid US tariffs on Chinese-made goods—they are actively looking for alternative manufacturing and sourcing locations in Southeast Asia.Malaysia stands out as a prime candidate due to its established manufacturing ecosystem, skilled labor force, competitive operational costs, good infrastructure, and widespread English proficiency.What does this mean in practical terms? Imagine a large American or European company that assembles consumer electronics. To avoid hefty tariffs if they were to import these assembled goods from their Chinese factories directly into the US, they might decide to shift a significant portion of that assembly work to Malaysia. This creates direct demand for:Modern Factories: Not just basic sheds, but high-specification manufacturing plants equipped for advanced production processes.Warehousing & Distribution Centers: As more goods are manufactured in or transit through Malaysia, the need for sophisticated warehousing—including temperature-controlled facilities for sensitive components, and large-scale distribution hubs located near major ports (like Port Klang or Port of Tanjung Pelepas) and airports—will surge.Specialized Industrial Parks: Development of industrial parks tailored to specific sectors, like E&E, medical devices, or automotive components, could accelerate. The Johor-Singapore Special Economic Zone (JS-SEZ) is a key example of a region poised to capture this demand.Thus, while other property sectors might face headwinds, the industrial and logistics segment could experience a "warehousing boom" and sustained demand, making it an attractive area for developers and investors focusing on this niche.5. With US Tariffs, Is Malaysian Property Still a Good Investment?This is the crucial question, and the answer lies in balancing the new complexities with existing fundamentals. Malaysia does have proactive government strategies, including diplomatic talks and support for SMEs.The critical semiconductor exemption provides a vital economic buffer. Moreover, when compared to some regional peers, Malaysia's 24% US tariff, while substantial, is not the highest in the region, which might offer a sliver of competitive advantage in attracting FDI.CountryAnnounced US Tariff Rate (early 2025)Malaysia24%Vietnam46%Cambodia49%Thailand36%-37%Indonesia32%Philippines18% (or 17%)Singapore10% (baseline)Source: A Job Thing, Property Genie, The Star, and The Edge Malaysia, tariffs discussed around April 2025.However, risks like a global economic slowdown, rising construction costs, and investor caution are significant.As highlighted by Houlihan Lokey, this "unpredictability...is prompting investors... to reconsider or further delay investments."Yet, there's another side. Kashif Ansari of Juwai IQI, quoted by Star Property, suggested the "China Plus One" strategy, driven by intensified US-China tariffs, "could contribute an additional 1 percentage point to Malaysia's GDP over four years.”This underlines the potential for strategic gains. Ultimately, prudent investment during uncertain times means a greater focus on long-term value, location, and project quality rather than speculative short-term gains.Navigating the Malaysian real estate market amid new US tariffs requires a blend of awareness and strategic patience.While economic uncertainties and potential cost impacts are genuine concerns, Malaysia's underlying strengths and the dynamic shifts in global trade also present unique opportunities, especially within the industrial sector.Staying informed and focusing on long-term value will be key for buyers and investors in 2025 and beyond.6. Frequently Asked Questions (FAQs)How exactly might US tariffs lead to higher home prices for average Malaysians? If tariffs increase the cost of imported building materials (like steel, timber, or fixtures), developers may pass these higher construction costs on to buyers, leading to more expensive new homes. Additionally, if the broader Malaysia economy experiences tariff-induced inflation, the general cost of living, including housing-related expenses, could rise.Are there any specific regions in Malaysia that might be more or less affected by these tariffs' impact on real estate? Regions with a high concentration of export-oriented manufacturing (that don't fall under exemptions like semiconductors) might see some economic stress if US orders slow. Conversely, areas slated for significant industrial park development or those along key logistics corridors (like Johor, Penang, parts of Selangor) could benefit from supply chain disruption leading to new FDI in warehousing and manufacturing.What are the most critical building materials whose prices could be pushed up by US tariffs, affecting Malaysian construction? Key materials of concern include steel (for structures), aluminum (for frames, facades), lumber/timber (if imported grades are used), specialized glass, ceramic tiles, and various fittings and fixtures that are often imported or use imported components. Any tariff impacting these directly or indirectly can inflate overall project costs. If US tariffs slow down Malaysia's export economy, how would that affect the demand for commercial properties like offices and retail spaces? A slowdown in the export economy could reduce business expansion and hiring, leading to lower demand for office space. Similarly, if consumer purchasing power decreases due to economic uncertainty or job losses in affected sectors, demand for retail space could also weaken, potentially impacting occupancy and rental rates.What is the Malaysian government doing about these US tariffs? The Malaysian government, led by Prime Minister Anwar Ibrahim, has emphasized a strategy of diplomatic engagement with the US to negotiate the tariffs. They have also announced some relief measures for Small and Medium-sized Enterprises (SMEs) that might be affected and are focusing on diversifying trade partnerships.As a foreign investor in Malaysian property, what should be my biggest concern regarding US tariffs? Your biggest concern would likely be the broader economic slowdown potential that widespread and prolonged tariffs could trigger, both globally and within Malaysia. This could impact property values, rental demand, and the ease of exiting your investment. The Ringgit exchange rate forecast also becomes more pertinent. Given the tariffs, is it wiser to invest in existing Malaysian properties or new developments? There are arguments for both. Existing properties won't face new construction cost hikes directly (though their value could be influenced by market sentiment). New developments might come with modern amenities but could see prices influenced by current material costs. Your decision should weigh the specific location, developer reputation, price point, and your long-term investment goals.US tariffs shifting your Malaysian property plans? Don't navigate this alone. Contact us today for personalized advice and stay ahead of the market changes![hubspot portal="5699703" id="2380afe3-ad4c-4cfa-9abf-d3947e377bf2" version="" type="form"]Continue Reading:Rent vs Buy in Malaysia: Which Makes Sense with Your Current Salary?Lock-in Period in Property Explained: Terms, Duration, and ImpactNeed Some Tips for Buying A Home in Your 20’s? Learn From These First Home Buyers’ Experiences!Reference and CitationAzmi, H. (2025, May 5). In response to US tariffs, Malaysia unveils US$356 million SME relief measures. South China Morning Post. Retrieved fromhttps://www.scmp.com/week-asia/economics/article/3309101/response-us-tariffs-malaysia-unveils-us356-million-sme-relief-measures?module=perpetual_scroll_0&pgtype=articleBank Negara Malaysia. (2025, February 14). Economic and Financial Developments in Malaysia in the Fourth Quarter of 2024. Retrieved fromhttps://www.bnm.gov.my/-/qb24q4_en_prBank Negara Malaysia. (n.d.). Macroeconomic Outlook. Retrieved fromhttps://www.bnm.gov.my/documents/20124/16258910/qb24q3_en_ch5.pdfBank Negara Malaysia. (2025, March 6). Monetary Policy Statement. Retrieved fromhttps://www.bnm.gov.my/-/monetary-policy-statement-06032025Barkham, R., Mellott, D., & Breeze, J. (2025, March 19). On Again, Off Again: Tariffs & Commercial Real Estate. CBRE. Retrieved fromhttps://www.cbre.com/insights/briefs/on-again-off-again-tariffs-and-commercial-real-estateBeatty, G. H. (2025, April 14). What Trump’s tariffs mean for Malaysian industries. The Malaysian Reserve. 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Retrieved fromhttps://www.dosm.gov.my/uploads/release-content/file_20250127152418.pdfEaswaran, E. (2025, May 5). Too early to tell if US tariffs will have impact on Malaysia, says Anwar. Free Malaysia Today. Retrieved fromhttps://www.freemalaysiatoday.com/category/nation/2025/05/05/too-early-to-tell-if-us-tariffs-will-have-impact-on-malaysia-says-anwarFezili, F. (2025, April 10). How Trump's Tariff Impacts Malaysia's Property Market? Property Genie. Retrieved fromhttps://www.propertygenie.com.my/insider-guide/how-trumps-tariff-impacts-malaysias-property-market-AmGEFzPpfZrnxR9UwurnFnHoyt, L. (2024, July 23). What the Tariff and Trade War Means for Real Estate. The Hoyt Organization. Retrieved fromhttps://www.hoytorg.com/tariff-trade-war-real-estate/Houlihan Lokey. (2025, April). Trade Wars: Tariffs and Commercial Real Estate. Retrieved fromhttps://cdn.hl.com/pdf/2025/real-estate-highlight-tariffs-commercial-real-estate-2025.pdfInternational Monetary Fund. (2025, March 3). IMF Executive Board Concludes 2025 Article IV Consultation with Malaysia. Retrieved fromhttps://www.imf.org/en/News/Articles/2025/03/02/pr25050-malaysia-imf-executive-board-concludes-2025-article-iv-consultationIvana. (2025, April 11). Malaysia Faces 24% US Tariff: Rates & How It Affects Busineses. A Job Thing. Retrived fromhttps://www.ajobthing.com/resources/blog/malaysia-us-tariff-listing-2025-impact-businessKL Property. (n.d.). How Global Trade Wars Impact Malaysia’s Property Market. Retrieved fromhttps://klproperty.cc/impact-of-the-u-s-china-trade-war-on-kuala-lumpurs-property-market/Lane, T. (2025, April 12). 3 Ways Tariffs Could Affect The Housing Market. Investopedia. Retrieved fromhttps://www.investopedia.com/here-s-where-tariffs-will-hit-the-housing-market-11713457Lee, H. G. (2025, April 7). Trump’s tariffs: What is the impact on Malaysia? The Star. Retrieved fromhttps://www.thestar.com.my/business/business-news/2025/04/07/trumps-tariffs-what-is-the-impact-on-malaysiaLow, T. (2025, February 1). Trump’s New Tariffs Impact Malaysia’s Real Estate Sector. My Property Places. Retrieved fromhttps://www.mypropertyplaces.com/2025/02/01/trumps-new-tariffs-impact-malaysias-real-estate-sector/Nair, M. S. (2025, March 20). Economists cautiously optimistic about Malaysia's export outlook amid tariff concerns. The Edge Malaysia. Retrieved fromhttps://theedgemalaysia.com/node/748695Reuters. (2025, April 18). Malaysia's economy grew 4.4% y/y in Q1, exports to U.S. surge in March. Retrieved from https://www.reuters.com/markets/asia/malaysias-economy-grew-44-yy-q1-exports-us-surge-march-2025-04-18/Siripurapu, A., & Berman, N. (2025, April 1). What Are Tariffs? Council on Foreign Relations. Retrieved fromhttps://www.cfr.org/backgrounder/what-are-tariffsStatista. (2025). Real Estate - Malaysia. Retrieved fromhttps://www.statista.com/outlook/fmo/real-estate/malaysiaThe Borneo Post. (2025, April 12). Impact of US-China tariffs on Malaysia’s economy. Retrieved fromhttps://www.theborneopost.com/2025/04/12/impact-of-us-china-tariffs-on-malaysias-economy/The Edge Malaysia. (2025, April 3). Malaysia hit with 24% US reciprocal tariff effective April 9. Retrieved fromhttps://theedgemalaysia.com/node/750103The Edge Malaysia. (2025, April 4). Malaysia’s economy to expand at slower pace, economists race to cut growth forecasts. Retrieved fromhttps://theedgemalaysia.com/node/750256Wong, J. (2025, January 2). Trump’s impact on Malaysia’s property market. Star Property. Retrieved fromhttps://www.starproperty.my/news/trump-s-impact-on-malaysia-s-property-market/130859Yiau, C. N. (2025, April 7). Construction sector likely insulated from tariff woes, industrial job flows could slow — analysts. The Edge Malaysia. Retrieved fromhttps://theedgemalaysia.com/node/750450Zainul, E. (2025, January 17). Malaysia's economy poised for continued growth in 2025 despite external headwinds — economists. The Edge Malaysia. Retrieved fromhttps://theedgemalaysia.com/node/741479

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