Will recent announcements in the 2014 budget have the desired effect of curbing speculation and increasing housing affordability for locals?
Real Estate
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Interviews & Viewpoints | OBG talks to Mohamad Salim, Group Managing Director, MRCB from The Report: Malaysia 2014
Articles & Analysis | Big plans: Strong sector growth coupled with an ambitious roadmap for development from The Report: Malaysia 2014
Spurred on by massive capital expenditure projects by both the government and the private sector in response to Malaysia’s strategic economic development plans, growth in the country’s construction sector has been outpacing GDP expansion in recent years. The government’s Economic Transformation Programme (ETP) and public-private partnership (...
Interviews & Viewpoints | OBG talks to Michael Yam, President, Real Estate and Housing Developers’ Association from The Report: Malaysia 2014
How would you assess current government efforts to curb property speculation and control prices for the local population?
Chapter | Construction & Real Estate from The Report: Malaysia 2014
The construction sector has experienced consistently strong growth in the past four years as the industry expanded by 11.4%, 4.7%, 18.1% and 10.1% each year from 2010 to 2013. Sector growth has surpassed GDP growth in recent years, spearheaded by the government’s Economic Transformation Programme (ETP) and public-private partnership (PPP) projects. Counterbalancing the interest shown in the...
Malaysia’s natural resources and its well-educated population are some of the many credentials that keep the country in good stead, with priorities centred on preparing for the ASEAN Economic Community in 2015 and steering the policy framework toward more inclusive political representation. The economy is built around global trade, and the government is working to encourage greater private investment.
Home to an estimated 15.9% of the world’s proven oil reserves, Saudi Arabia is the single largest economy in the Middle East and North Africa. According to the Ministry of Finance, real GDP grew by 3.8% to $746bn in 2013. While oil income is expected to continue to account for the majority of government revenues for the foreseeable future, the non-oil sector has expanded significantly in recent decades growing 9.3% in 2013.