Although Oman’s office real estate segment is generally characterised as being oversupplied, the market still presents opportunities for construction firms. Indeed, much of the market’s oversupply is in lower- to mid-range quality office space, while the availability of higher-quality real estate that meets the needs of multinational firms is still relatively limited. A...
Amid a constant stream of higher-end housing supply, Malaysia’s middle-class home buyers have often found themselves priced out of the market. “In the Malaysian residential market, there have long been significant offerings in the low-end market, around RM60, 000-RM150,000 ($19,356-48,390), and high-end properties above RM500,000 ($161,300). But...
As hot as Malaysia’s local construction market may be over the next several years, it cannot obscure the fact that the country has fewer than 30m people and a modest GDP of $278bn. At the same time, the total value of work done abroad is still dwarfed by the local market, and just a few companies are big enough to do major international jobs....
Decades of urbanisation in the Klang Valley (KV) and across Malaysia have depleted the supply of undeveloped land, which is causing issues for government initiatives that rely upon acquiring land.
The biggest infrastructure project to date has kicked off, bringing major contractors a raft of attractive contracts and knock-on developments. With a price of RM50bn-70bn ($16.1bn-22.6bn), the long-overdue Klang Valley Mass Rapid Transit (MRT) encompasses both the greatest ambitions of the government-led economic transformation plans, as well as...
With a number of key infrastructure projects being delivered under the Economic Transformation Programme (ETP) and the real estate market still remaining buoyant, the construction sector in Malaysia is enjoying a relatively busy economic cycle.
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