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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks and garages.
The Association of Southeast Asian Nations (ASEAN) is a diverse landscape in terms of infrastructure as it includes a world leader such as Singapore alongside developing economies that are currently in the process of upgrading and expanding their ...
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Several successive government administrations have committed to modernising and developing Malaysia's infrastructure sector. The country sees infrastructure development as a key driver of economic growth. Although small infrastructure projects are ...
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Valued at USD 49.5bn in 2024, Malaysia's construction sector employed 1.4mn people or 8% of the country's labour force. Aside from attracting foreign investments, the sector is a force multiplier fuelling economic growth. In 2023, the construction ...
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The countries of the Association of Southeast Asian Nations (ASEAN) are a vastly diverse and uneven landscape in terms of infrastructure development. For instance, Singapore is a perennial global leader in infrastructure quality whereas other ...
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Since the 1970s, the Malaysian government has acknowledged infrastructure development as a crucial factor in the country's transition toward industrialisation. During this time period, the Malaysian government explored and used public-private ...
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