East Coast Economic Region : REAL ESTATE : Overview

TRANSPORT • INFRASTRUCTURE • REAL ESTATE • ENVIRONMENT

Benefits

The growth of ECER property and construction industry will bring about many benefits to residents and businesses.

Act as a catalyst to other industries
The construction industry is a catalyst for the economy of the region. It contributes to the growth of other industries in its role as a large user of manufactured goods (building and construction materials, etc.), heavy machinery (such as cranes), and specialized tooling as well as labour.
Contribute to ECER’s GDP
The construction sector is expected to contribute about 3.3% to the GDP in East Coast Economic Region (ECER) in year 2020. This in turn will increase incomes and ensure strong economic growth.
Increase job opportunities
In year 2020, the construction industry will also provide job opportunities to approximately 143,811 people which is about 8% of the total employment in the Region.
Increase land value
A thriving property and construction sector will increase the value of land and property in the Region. Alongwith the Real Estate Trust (RET) to optimise Malay Reserve Land, the growth of property and construction sector will increase the assets of local land owners.

Summary:

		Act as a catalyst to other industries

		Directly contribute to ECER's GDP

		Increase job opportunities

		Increase land value