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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 man🅷agement and leasing of land and properties, real estate brokerage, architectural and engineering service💖s, warehousing and storage activities, and operation of car parks and garages.
In Q2 2018, the continuity of financial deleveraging and trade frictions with the US moderated China’s GDP growth to 6.7% y/y from 6.8% y/y iജn the previous quarter. Due to robust transactions in central and western China, sales of commodity ...
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The GVAs of the Philippines’ real estate and construction sectors grew steadily between 2013 and 2017, reaching PHP 1,941bn for Construction and PHP 2,085bn𒊎 for Real Estate and Other Business Activities in the latter year. The good performance ...
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India’s infrastructure sector grew exponentially between FY2013 and FY2017, primarily due to the government’s focus on sector development. The infrastruไcture sector struggles with complex regulations that the government has recently tried ...
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Investment in China’s real estate sector accelerated in the first quarter of 2017. The value of investment reached RMB 2,129bn, whichꦕ repr🐬esented a growth of 10.4% compared to that in the previous quarter. Investment in the residential ...
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The Indian real estate✃ industry, which currently accounts for 5.2% of the Asia🍎-Pacific real estate market and 5-6% of India’s GDP, has a huge multiplier effect on the economy, and is poised to account for around 13% of GDP by 2028. It is the ...
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🍰Thailand’s real estate and♕ construction sector accounted for 8.8% of the country’s GDP in 2017. The real estate sector alone reported GVA of THB 964bn, while the construction sector posted GVA of 399bn in 2017. Real estate and ...
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Indonesia’s real estate and construction sector is a major driver of growth for the country’s economy. The sector generated 13% of the country’s GDP in 2017, rankingꦦ fifth after manufacturing, oil and gas, trade and agriculture. The ...
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The real estate sector is a major factor for China’s economy growth, accounting for🐬 6.5% of the country’s GDP and 22.1% of the overall fixed asset investment as of 2017. The residential building subsector is the largest in the ...
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In the first nine months of 2017, the real investments and the building sales have been driven by the continuous rebound of the Chinese economy. While the growth in build🐠🌸ing sales since the beginning of 2017 slowed down to 14.6% y/y from 43.2% y/y in ...
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Construction has always been a 🍨favoured tool of the Chinese authorities to stimulate the economy - its development closely reflects that of GDP. After the Global Financial Crisis of 2008, a government stimulus package of RMB 4tn was used for ...
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