Construction & Real Estate
From The Report: Malaysia 2012
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The construction sector is in the midst of a boom thanks to infrastructure outlays under the 10th Malaysia Plan. The highlight is the Klang Valley Mass Rapid Transit (KVMRT), which includes contracts potentially worth over $20bn through 2018. Other state-driven projects include the Pengerang petrochemical facility, the Tun Razak Exchange and several highways, although the government is promoting a private-sector-driven approach to finance these developments. Infrastructure development, particularly of the KVMRT, will help fuel the real estate market, allowing for affordable housing in Selangor Valley with access to central business districts. Developers are also looking to exploit Iskandar Malaysia’s proximity to the wealthy Singaporean market for property investment.