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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.
According to the 2019 Global Competitiveness Index of the World Economic Forum (WEF), there are significant disparities between the economies of ASEAN countries. For example, while Singapore was deemed the world’s most competitive ...
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Since the 1970s, the Malaysian government has identified infrastructure development as a critical enabler for the country’s transition to an industrialised economy. Throughout this period, the Malaysian government ...
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Malaysia has always been regarded as one of the preferred countries for real estate investors due to its investor-friendly policies. However, the property market has been in constant decline since 2012. The construction sector registered ...
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The construction industry contributed 5.9% to Malaysia’s GDP in 2017, while total industry growth for the year stood at 6.7%. The construction sector is a major employer nationwide, providing more than 1.75mn jobs in 2017. The industry makes up ...
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With a population of some 31.9mn, Malaysia is one of the more developed countries in the ASEAN region. In 2016 the construction and real estate sector collectively employed 1.3mn people, accounting for 9.4% of total employment. That same year, ...
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