According to GlobalData, the value of Malaysia construction market is forecast to grow by 3.5% in real terms in 2023, having grown by 5.0% in 2022. A key growth market will be the infrastructure market, with output rising by 3.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five commercial and leisure construction projects that commenced in Malaysia in Q4 2023, according to GlobalData’s construction projects database.
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1. Iskandar Puteri Logistic Center
The project involves the construction of a logistic center on 55ha of land in Iskandar Puteri, Johor.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
It will create 13,000 operational jobs. Buy the profile here.
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2. Sedenak JH1 Data Center Campus
The project involves the construction of a 150MW data center campus on 12.5ha of land in Johor Bahru, Johor.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2025.
Once complete, the data center (DC) will be one of the largest DC campuses in Southeast Asia to serve the infrastructure needs of customers across the region. Buy the profile here.
3. Cyberjaya Data Centre
The project involves the construction of a 17,000m2, seven-story data center comprising 1,830 cabinets with a capacity of 12MW in Cyberjaya, Selangor.
Construction work started in Q4 2023 and is forecast to complete in Q2 2025.
The project aims to meet the growing customer demand for data center services and support Southeast Asia’s process in data and digitalization. Buy the profile here.
4. D Velada Bukit Jalil Residence
The project involves the construction of a 42-story serviced apartment building comprising 508 units on 0.92ha of land in Bukit Jalil, Kuala Lumpur.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2027.
5. Shah Alam Serviced Apartments
The project involves the construction of an 18-story tower comprising 216 serviced apartments on 0.86ha of land in Shah Alam, Selangor.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
It is also known as “Temasya Prisma”. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
