Construction & Real Estate
From The Report: Brunei Darussalam 2016
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A number of large-scale infrastructure projects are currently being rolled out in Brunei Darussalam that look set to make a significant contribution to the national economy, greatly facilitating the Sultanate’s connectivity and potentially leading to further construction opportunities. In addition, several small-sized projects are under way, which promise to add to the Sultanate’s attractiveness as an investment destination and undergird its growth as a logistics and processing hub. Meanwhile, the real estate sector has gone through a series of transformations in the past few years that have altered the landscape considerably for buyers and sellers alike. These developments encompass changes to title law, loan regulations, ownership and the market itself in terms of demand and the type of housing being built to supply that demand. This chapter contains an interview with Bobby Chua, Vice-Chairman, Swee.

Articles from this Chapter

Overview

Thinking big: A new manufacturing hub and a bridge linking both sides of the country promise to bring economic benefits
OBG
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A number of large-scale construction projects are currently being rolled out in Brunei Darussalam that look set to make a significant contribution to the national economy, greatly facilitating the Sultanate’s connectivity and potentially leading to further substantial construction opportunities. In addition, several small-sized infrastructure projects are under way, which promise to add to the Sultanate’s attractiveness as an investment destination and undergird its growth as a logistics and…

Analysis

Part of the community: The Sultanate is benefiting from new agreements and commitments within the region
OBG
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The ASEAN Economic Community (AEC) is set to allow the free flow of goods, services, investments and skilled labour, while facilitating the movement of capital across the region. Formally established on December 31, 2015, the community is built on a series of agreements and pillars that establish a stable foundation for liberalised trade and economic expansion in the region. The four key pillars include the creation of a single market and production base, the development of a competitive economic…

Interview

Far-sighted planning: OBG talks to Bobby Chua, Vice-Chairman, Swee
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Interview: Bobby Chua To what extent has connectivity improved in recent years, and what can be done to further upgrade Brunei Darussalam’s transport network? BOBBY CHUA: In recent years, the government of Brunei Darussalam has been working aggressively to improve the country’s connectivity, which can be seen through its commitment to oversee major infrastructural projects such as the expansion and renovation of Brunei International Airport, as well as the construction of three major…

Overview

Renovations under way: Development plans for the capital mean new opportunities
OBG
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The real estate sector in the Brunei Darussalam has undergone a series of transformations in the past few years that have changed the landscape considerably for buyers and sellers alike. These developments encompass changes to title law, loan regulations, ownership and the market itself in terms of demand and the type of housing being built to supply that demand. Behind it all, the government remains the main actor in the sector, regulating most aspects of real estate transfers and building most…

Analysis

House and home: Changes in property ownership laws affect the real estate market
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As a result of a 2012 law that restricts property ownership in the Sultanate to citizens, as well as plans to institute sharia law in the country, Brunei Darussalam has become a profitable market in which to sell overseas property. Indeed, investment opportunities in Brunei Darussalam’s property market have proved to be unattractive for permanent residents (PRs) and foreigners living in the sultanate since the 2012 law took effect. During the eighth Legislative Council (LegCo) in 2012, the minister…