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The EUMCCI
Construction and Building Materials committee is the lobbying partner
for EU Construction and Building materials companies, architects and
engineering companies. The Construction Committee aims at assisting its
members to address current issues to the government and to act as a
network forum to exchange best practices. The Committee addresses
issues to Pemudah, Ministry of Works, CIDB and other authorities
relevant to the industry.
Head of the C&BM Committee:
Mr Aat van der Horst, Victor Buyck
Malaysia
COMMITTEE NEWS:
New EU Markings for building materials products -
Click
here
Press Release from MITI - Policy Review of Iron &
Steel Industry - Click
here
2010 position paper -
Click
here
NEXT
COMMITTEE MEETING: 13 September 2010 @ 05:00 pm
VENUE:
George & Dragon, Bangsar Shopping
Centre
MORE INFO:
The construction industry in Malaysia
falls into four broad sectors: office, retail, residential and civil
engineering/infrastructure. The office sector has shown a decrease in
occupancy rates since 1997. New demand however, is expected to come
from companies operating in sectors developing in Malaysia, such as the
financial services, information technology, media industry and Oil
& Gas related sectors.
The retail sector has registered a rise in supply. In 2007, 31
shopping complexes were completed, bringing the total commercial space
to 40 million square feet in the Klang Valley (36.4 in 2006). This
situation stabilised the rental rates, where no increase has been
recorded.
The residential sector remains dynamic as new housing schemes are
continuously being developed. The Malaysian government housing program
is prompting medium and low cost housing. The demand in the luxury
sector is still dynamic, made up primarily of semi-detached and
bungalows. The positive trend of the residential sector is also due to
the Government provision introduced in December, 2006. These include
the liberalisation of the Foreign Investment Committee (FIC)
responsible for foreign purchases, exemption from the Real property
Gains Tax and less rigid regulations on the loans for foreigners.
The civil engineering sector has been driven by the development of
public infrastructures under the Ninth Malaysia Plan. The Government
expenditure rose from RM35.8 billion in 2006 to RM40.6 billion on 2007.
The civil engineering sector also benefited from the development of the
oil & gas related activities, such as rigs, platforms and storage
terminals.
In 2008, following three years of decline, the construction sector has
recorded positive growth of 4.6%. The higher amount of supply in this
sector has inspired the government to give a series of incentives such
as exemption of stamp duty, waiver of processing fee and higher margin
of financing.
THE COMMITTEE MEMBERS:
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