| Leisure Property Development |
• Currently over 11.9 million tourists visit
the ECER states annually.
• These numbers
are forecasted to grow to 28.8 million tourists by the
year 2020.
• Resorts, targeting high end
to budget accommodations, will be developed. |
| Commercial Property Development |
• An added character in retail scene in the
Region makes the retail offerings and retail experience
distinctive from other States in Malaysia or other parts
in the world. |
| Residential Property Development |
• Population in Year 2006 would be approximately
four million.
• From the residential stock
data from Valuation & Property Services Department
(as of Q4 2006), there is only 274,412 residential units
in the ECER.
• This implies that a majority
of the living quarters in the Region is situated outside
the conventional residential housing schemes (e.g. kampong
houses/detached houses on agriculture land).
•
In business terms, there is huge potential to boost
the residential property in the ECER.
|
| Industrial Property Development |
• There is much opportunity in industrial property
development due to major investments in various industries
such as manufacturing, agriculture and oil, gas and
petrochemical that are expected to grow rapidly. |