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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks and garages.
Both the real estate and construction industries registered growth in 2019 with this positive dynamic being attributed to sustained demand from industries such as IT-BPM and offshore gaming, as well as infrastructure projects in the country ...
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Malaysia has always been regarded as one of the preferred countries for real estate investors due to its investor-friendly policies. However, the property market has been in constant decline since 2012. The construction sector registered ...
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Construction is the sixth largest economic sector in Colombia, accounting for 6.3% of the country’s GDP, 5.8% of total FDI inflow and 7.2% of formal employment in 2019. However, due to its stagnation in the last three years ...
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The infrastructure sector is an essential support function for industrial and economic development. Its segments include pipelines, telecoms, power transmission and transportation infrastructure. While there can be some aspects of general ...
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The real estate and construction sector in Indonesia has a priority in the government’s policy agenda. Because of this, the sector’s importance in the economic growth and job creation has increased in recent years. In 2019, ...
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China’s construction sector has seen tremendous growth over the past years and continues to show great potential despite the current market hardships brought by the COVID-19 global pandemic. The construction industry is of crucial ...
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India’s construction sector is a key enabler of economic growth, in that it helps provide homes to the nation’s population of 1.4bn as well as adding much-needed infrastructure. In FY2019, construction GVA amounted to INR 49.6tn and ...
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After being hit by one of the worst economic recessions in its history in 2015 and 2016, Brazil has started to gradually recover in 2017, achieving a mild GDP growth of 1.2% in average during the 2017- 2019 period. However, the infrastructure sector, ...
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The Thai government’s push on infrastructure development, particularly in the Bangkok Metropolitan Region (BMR) and in the Eastern Economic Corridor (EEC), has been a key growth driver in Thailand’s real-estate and construction sector in ...
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The Polish construction sector generated a gross value added (GVA) of PLN 148.1bn in 2018, accounting for 7% of GDP. As much as 38% of the construction output came from specialised construction activities. It was followed by construction of ...
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