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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.
In January 2023, the Building and Construction Authority (BCA) of Singapore projected that the island nation's construction sector would see preliminary demand in the range of SGD 27bn to SGD 32bn by the end of the year. Instead, the figure reached ...
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In 2023, Brazil's construction industry navigated through a challenging period, facing hurdles that led to a contraction of its gross value added (GVA) despite initial projections that it would grow. Factors such as high interest rates and delays to ...
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The infrastructure sector plays a critical role in driving the economic development of India. Presently, India exhibits a comparatively underdeveloped infrastructure about other emerging market nations. In recent years, the Indian government has ...
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The Thai government has identified infrastructure development as an essential driver of economic growth. The construction of a sizable public transportation infrastructure has reduced persistent congestion in the Bangkok Metropolitan Region. This ...
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Turkey's infrastructure sector has undergone robust growth over the past decade, the result of sustained government emphasis and substantial allocations from the national budget towards developing the transport and energy networks. The country is ...
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Brazil's infrastructure sector has a diverse landscape. While some transport infrastructure sub-sectors, such as road infrastructure, are still dominated by the federal and state governments, others such as the railways have a large participation ...
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In 2023, Colombia's construction sector experienced mixed fortunes. While GVA saw a nominal growth of 7.29% y/y, real growth was negative, standing at -4.15% y/y. This contraction reflects the impact of inflationary pressures and challenges in ...
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China's construction sector has seen tremendous growth over the past years and showed great potential, despite the recent market hardships brought on by the slowdown of macroeconomic growth. The construction industry is of crucial importance for the ...
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China's construction sector has seen tremendous growth over the past years and showed great potential, despite the recent market hardships brought on by the slowdown of macroeconomic growth. The construction industry is of crucial importance for the ...
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