Favourite Articles

  • Property sector slows down amid economic turmoil

    The uncertainties over the world economic prospects have started to take a toll on the local property market.Transactions have been slowing down in the past…

    Read more...
  • Hot grabs outside Klang Valley

    Major property developers have been snapping up large plots of land worth well over a billion ringgit, even as the global economic scene turned more…

    Read more...
  • Hike in RPGT a realistic percentage, says minister

    The 5% increase in the real property gains tax (RPGT) for properties held for two years or less is a realistic percentage, according to the…

    Read more...
  • Asian property investors most conservative

    Asian property investors are least likely to take investment risks, according to the annual Global Investor Sentiment Survey conducted by Colliers International.The global commercial real…

    Read more...
  • Property prices on Penang more resilient, says expert.

    A leading property expert said he does not expect property prices in Penang to see a major correction if there is a global downturn.

    Read more...
  • Low-cost housing projects lift other property prices

    Middle and high-end properties are getting more expensive partly because developers are passing on the costs they have to bear in building low-cost houses.

    Read more...
  • Malaysia Budget 2012: Property sector highlights

    Malaysia Prime Minister Datuk Seri Najib Razak in tabling Budget 2012 in the Dewan Rakyat on Friday Oct 7, 2011 announced several proposals related to…

    Read more...
  • MRT to have big impact on property prices

    Property valuers and developers expect the Klang Valley Mass Rapid Transit (MRT) project to have significant impact on the prices of residential and commercial properties…

    Read more...
  • Malaysian Construction growth up 7%

    The construction sector is expected to get more prominence in the Economic Report 2011/2012 with its growth targeted at 7% in 2012 from 3.4% in…

    Read more...
  • Malaysian Economic Outlook 2012

    The government projects the economic growth to pick up in 2012, with gross domestic product (GDP) expanding between 5% and 6%. This is a more…

    Read more...
  • Malaysia property market to be stable.

    The Real Estate & Housing Developers' Association Malaysia (Rehda) is confident the property market can be stable amid the gloomy global economic outlook. Its chairman…

    Read more...
  • The Malaysian Budget 2012

    The RM230.833 billion Federal Government Budget 2012 proposals, unveiled on Friday, Oct 7, will focus on seven core areas including reducing the impact of inflation…

    Read more...

Malaysian Property Partners

Malaysian Property Partners

Malaysian Construction growth up 7%

The construction sector is expected to get more prominence in the Economic Report 2011/2012 with its growth targeted at 7% in 2012 from 3.4% in 2011 as large infrastructure projects including the Mass Rapid Transit project in KL take off.

The Report — released on Friday, Oct 7 — said underpinning the sector's growth would be the commencement of large infrastructure projects and vibrant housing construction activities.

"The civil engineering subsector will be supported by the implementation of development projects to enhance the long-term potential growth of the economy," it said.

Among the projects are the construction of the Sungai Buloh-Kajang MRT line, integrated transport terminal in Gombak to improve public transportation and to ease traffic congestion in the Klang Valley.

The report said the development of the Sabah Gas and Oil Terminal, including the 300 MW gas-fired power plant in Sabah would support the subsector. Other projects are the construction of the KLIA2, expansion of clean water supply and electrification projects to rural areas, especially in Sabah and Sarawak, as well as the
construction of 430.7km of rural roads.

The government expects the ongoing development projects in the various corridors to support the growth, including the Lido Boulevard and Legoland Malaysia in Iskandar Malaysia and the upgrading of coastal roads in the East Coast Economic Region.

The housing sector is also expected to see stronger growth, fuelled by rising demand, accommodative financing and the government's continuous support for home ownership, in particular the Program Perumahan Rakyat 1Malaysia.

 
Back
 
Joomla 1.5 Templates by Joomlashack