Energy Investment Supports Property Demand
Malaysia’s oil and gas industry remains resilient, supported by upstream capital commitments from PETRONAS, Shell, ExxonMobil and ConocoPhillips.
The PETRONAS Activity Outlook 2025 to 2027 projects continued offshore maintenance demand, with Dayang Enterprise securing RM4 billion in contracts. Major energy hubs such as Bintulu, Kerteh, Pengerang and Sabah’s deepwater fields remain central to industry activity.
This investment extends beyond the energy sector. Operational centres in Kuala Lumpur, Selangor and Sarawak continue to support steady demand for residential and commercial property from companies, workers and related service providers.
The energy ecosystem also includes engineering, logistics, offshore services and project management companies, creating a wider economic effect across key regional markets.
Johor and Sabah Benefit From Regional Growth
Johor Bahru continues to show how energy and infrastructure development can influence property performance.
Serviced apartment values increased 20.4%, while double-storey terrace properties rose 8.6% in Q2 2025. This growth was supported by the Johor-Singapore Special Economic Zone and activity surrounding the Pengerang Integrated Complex.
Sabah is also benefiting from stronger energy activity. A 4.9% rebound in the oil and gas sector helped lift the state’s gross domestic product to RM88.8 billion.
These developments suggest that property demand is increasingly linked to employment creation, infrastructure investment and the expansion of supporting industries around established energy hubs.
Outlook
Malaysia’s energy sector should remain a steady driver of selected property markets.
Locations connected to major oil and gas operations may continue to attract residential and commercial demand, particularly where infrastructure, employment and supporting services are expanding. Investors should focus on established operational hubs and areas with clear long-term economic activity rather than relying on short-term price movements.
