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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and 🧸properties, real estate brokerage, architectural and engineering services, warehousing and storage activ🐻ities, and operation of car parks and garages.
According to the 2019 Global Competitiveness Index of the World Economic Forum (WEF), there are significant disparities between the economies of ASEANಞ countries. For example, while Singapore was deemed the world&♉rsquo;s most competitive ...
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