AuctionPro.my

We are the exclusive marketing partner of LelongTips.com.my.

We display updated listings of auction properties in Malaysia and provide FREE assistance service for enquiries by telephone or online. Our below market value listing would benefit your property investment as well as for your own use.

go visit
 auctionpro.my
 
get in touch
 012-356 3866
 012-356 3866
 info@auctionpro.my

The value of construction work completed in the first quarter of 2022 contracted 6.1 per cent to RM29.5bil


The value of completed construction work in the first quarter of 2022 (Q1 2022) contracted by 6.1 per cent year-on-year to RM29.5 billion, according to the Malaysian Department of Statistics (DOSM).


Selangor, Kuala Lumpur, and Sarawak had the largest proportion of the value of completed construction work in Q1 2022, totaling RM16 billion (54.2 per cent), said DOSM's chief statistician Datuk Seri Dr Mohd Uzir Mahidin.


Selangor had the greatest total value of completed construction work with RM6.9 billion, followed by Kuala Lumpur (RM5.8 billion) and Sarawak (RM4.4 billion) (RM3.3 billion).


Mohd Uzir stated in a statement that the civil engineering subsector remained the largest contributor to the value of completed construction work, accounting for 35.1 per cent of the total in Q1 2022.


The non-residential buildings subsector contributed 30.4 per cent, while residential buildings and special trades activities each contributed 24.2 per cent and 10.2 per cent, respectively.


According to Mohd Uzir, the value of completed construction work improved in Q1 2022, compared to a contraction of 12.9 per cent (RM27.6 billion) in the fourth quarter of 2021 (Q4 2021).



May 12, 2022
Source: New Straits Times
Share:

Recent Posts

Perlu ilmu beli rumah pertama

Perlu ilmu beli rumah pertama

Bagi pemilik kediaman terutama rumah pertama, saat mendapat kunci adalah situasi paling mengujakan

May 14, 2025
Property mismatch: Construction up, sales down

Property mismatch: Construction up, sales down

The fall in property transactions in the first quarter of 2025 (1Q25), despite a spike in construction activity

May 14, 2025

Recent Auctions

Service Apartment

Service Apartment

Residensi Shamelin, Kuala Lumpur

RM 500,000

1 Storey Semi Detached House

1 Storey Semi Detached House

Taman Sri Pantai, Pahang

RM 350,000

1 Storey Terrace House

1 Storey Terrace House

Off Jalan Kampung Jawa, Pahang

RM 207,000

Find Auction Property