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 multi-family housing construction projects that commenced in Malaysia in Q4 2023, according to GlobalData’s construction projects database.

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1. The Minh Mont Kiara

The project involves the construction of two 42-story residential towers comprising 496 units on 2.50ha of land in Kuala Lumpur.

Construction work started in Q4 2023 and is expected to be completed in Q4 2027.

The Minh is the first residence in The CLUB Edition under UEM Sunrise’s Happy+ Product Series.

2. Persiaran Lemak Residential Complex

The project involves the construction of a residential complex comprising two towers with 1,040 units in Kuala Lumpur.

Construction work commenced in Q4 2023 and is expected to finish in Q4 2025.

Buy the profile here.

3. Residensi Jade at Kajang 2

The project involves the construction of a three-block residential complex comprising 1,254 residential units on an area of 1.21ha of land in Selangor.

Construction work started in Q4 2023 and is forecast to complete in Q2 2027.

The project aims to provide a new way of living with a seamlessly connected smart home that will enable comfort and convenience for residents.

4. The Atera Residences

The project includes the construction of three residential towers on 3.9ha in Petaling Jaya, Selangor.

Construction work commenced in Q4 2023 and is expected to be completed in Q4 2027.

The aim of the project is to provide better residential facilities in the region. Buy the profile here.

5. Astra @ Aurora Residence

The project involves the construction of 364 residential serviced apartments on 62.73ha of land in Puchong, Selangor.

Construction work started in Q4 2023 and is expected to be completed in Q4 2025.

It is the second phase of Aurora Residence. 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.