Construction & Real Estate

Sarawak 2015 Construction & Real Estate

Steady economic growth, increased industrialisation, rapid urbanisation and one of the highest foreign investment rates in the country are all contributing to fuel a strong performance in Sarawak’s construction industry. The private and public sectors are doing their part to fill up the order books and, as a result, the construction industry has nearly doubled in productivity over the five-year span of 2009-13, during which the annual value of completed projects spiked from $1.5bn to $2.4bn. The myriad of factors influencing Sarawak’s real estate market have resulted in a mixed bag for the sector, with property growth, value and transaction activity all varying widely by region. Despite the regulatory uncertainties giving property developers and purchasers pause on a national level, the real estate market looks set to continue its strong run in Sarawak, due largely to a robust investment pipeline that should help fuel demand for the foreseeable future.

This chapter contains interviews with Richard Curtis, Group Managing Director, Cahya Mata Sarawak; and Joseph Wong Kee Liong, President, Sarawak Housing and Real Estate Developers Association.

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The Report: Sarawak 2015

The Report

This chapter is from the Sarawak 2015 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Joseph Wong Kee Liong, President, Sarawak Housing and Real Estate Developers Association (SHEDA) 
OBG talks to Joseph Wong Kee Liong, President, Sarawak Housing and Real Estate Developers Association (SHEDA)