Why Residential REITS?
Total value of overhang high-rises in Klang Valley as of Q1 2024
RM12 billion
A property is classified as overhang by NAPIC when it is issued a Certificate of Completion and Compliance (“CCC”) yet remain unsold for more than 9 months after launch.
Many of these are perfectly good homes, yet remain vacant and unappreciated for myriad reasons.
Developers generally do make good landlords; they have neither the organizational capacity nor the balance sheet optimized for providing rental services.
Consolidating these overhang properties into a public-listed REIT is a viable solution, however due to current regulatory restrictions related to operational control, existing public-listed REITs are reluctant to acquire residential assets.
A pure residential REIT hence needs to start from scratch, gestated in the private markets, and brought to IPO only upon critical mass.
That is Dominus Homes.
Overhang High-Rise in Klang Valley
Value (RM)
Resi. Type
Region
Unsold (units)
172m
SOHO
Selangor
380
597m
Kuala Lumpur
647
812m
Aptm.
Selangor
1,070
2,333m
Kuala Lumpur
2,147
95m
Putrajaya
213
1,518m
Srvd Aptm.
Selangor
2,510
4,311m
Kuala Lumpur
4,501
31m
Putrajaya
84
12,155m
Total
13,650
Benefits to Property Developers
Visible Medium-term Liquidity
As a special-purpose vehicle, our sole and explicit aim to pursue an IPO within upon critical mass, estimated within 3-5 years.
Reliable Institutional
Counterparty
Leveraging our professional background and operating partners, we strive to be a trusted custodian of your asset.
Risk Diversification
Overhang properties usually cluster together. By participating in our proposal, you may spread our exposure throughout Klang Valley instead.
Benefits to Tenants
Why Traditional Landlords are Failing Tenants
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Many residential landlords are mom & pops without sufficient cash flows nor administrative capabilities. When landlords are in conflict with JMBs, it is the tenants that suffer.
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Tenants are usually not allowed a say in management committees, while landlords are disinclined to participate in properties they themselves don’t live in.
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As Malaysia currently do not have specific regulation regarding residential rentals, many tenancy agreements are basic documents which do not adequately address the rights of tenants in a fair manner.
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Typical utilities such as water, electricity, sanitation, broadband etc. typically needs to be reset at the start of each tenancy, making frequent moves tedious.
How a Residential REIT Can Improve Rental Living
Unified Billing
As a long-term landlord, we will be able to procure centralized accounts for all utilities used in the property, streamlining payments for our tenants.
Customer Support
With critical mass, we will be able to invest in systems and human resources to provide our tenants assistance for maintenance & emergencies.
Homes as a Subscription
With a wide selection of residential properties around Klang Valley, we can make it painless for our tenants to move around the region.
Customized Insurance Coverage
With critical mass, we will be able to provide our tenants coverage above and beyond what is available in the market right now such as burglary, and flood protection.
Let’s Transform the Future of Real Estate
Proposal to form Malaysia’s first residential REIT.
© 2025 Dominus Homes Sdn Bhd.