Property Hunter Magazine Issue 63- February 2015 | Page 43

Construction Sector To Resume
Bullish Performance In 2015

Land Prices Continue Upward
Trend In Penang

K

uala Lumpur and Penangbased developers will
launch approximately more
than RM1.418 billion worth of
residential properties in Seberang
Prai in 2015, a year in which the
property market is expected to
perform badly.

M

alaysia’s construction sector
is expected to remain
“energetic and enthusiastic”
in 2015, driven by large scaleprojects announced during Budget
2015 which include projects such as
the Pan-Borneo Highway in Sarawak.
M&A Securities Sdn Bhd’s research
team (M&A Securities) in a recent
Equity Strategy Outlook 2015 report
for Malaysia, said Budget 2015 gave
a clear indication on the continuous
growth prospect of the construction
sector, underpinned by major
railway and highway projects to be
implemented in 2015.
With the aim to develop an efficient
and integrated public transportation
in Malaysia, the government is set
to spend big to the tune of RM120
billion, it added. The research
team said, according to the latest
Malaysia Economic Report 2015, the
government projects construction
sector real output to gross domestic
product (GDP) to rise by 10.7 per
cent in 2015.
“The key projects consist of KVMRT2
(RM23 billion), LRT3 (RM9 billion),
Pan-Borneo Highway (RM27 billion)
and West Coast Expressway (RM5
billion). Other projects that could get
a ‘go’ next year include Eastern Klang
Valley Expressway (RM1.6 billion),

Construction site
Damansara-Shah Alam Highway
(RM4.2 billion), Sungai Besi-Ulu
Klang Expressway (RM5.3 billion) and
upgrading the East Coast railway
(RM150 million),” it explained.
On the individual projects, the
research team highlighted, “MRT
Corp has appointed Gamuda-MMC
to be the project delivery partner
(PDP) for KVMRT2 which is within our
expectation based on their excellent
track record in developing KVMRT1
and their investment in related
machinery such as Tunnel Boring
Machine (TBM).
“The ѕ