WHY MALAYSIA

Economy Plans & Policies

10th Malaysia Plan 2011 – 2015

The Government's 10th Malaysia Plan (10MP) sets a robust development allocation to the tune of RM230b (the same amount was previously allocated for 9MP). Predictions pinpoint the services and manufacturing sectors as the main drivers of economic growth with a targeted growth rate of 6.0% per annum in 2011-15 vs. 4.2% per annum in 2006-2011. The 10MP will move in tandem with the New Economic Model's plan to achieve higher per capita income. Gross national income per capita is targeted to increase to RM38,850 or US$12,140 by 2015.

Two strategic components from the 10MP will positively impact the real estate sector:

Public-Private Partnerships
Government efforts to foster closer public-private relationship will be intensified with private sector participation amongst the 52 projects worth RM62.7b, led by government-linked companies (GLCs). With major infrastructure and development projects that include construction of new highways, logistics and manufacturing plants, the key themes of the PPP initiative center around:

  • Improvement of basic infrastructure
  • Upgrading of public transportation in Greater KL.

Development of Greater Kuala Lumpur
Greater Kuala Lumpur encompasses 279,327ha of key districts such Kuala Lumpur, Putrajaya, Ampang Jaya, Petaling Jaya, Subang Jaya, Shah Alam and Kajang. Urban renewal projects within the area are likely to push up property values in the city centre fringe areas. Surrounding areas also stand to gain in value appreciation. Positive spillover effects include improvements in the building standards of properties, amenities and accessibility.

 

No Economic transformation agenda:
New wave of public-private partnerships
(PPP)
Estimated cost
(RM billion)
1 Seven highway projects, including:
-   West Cost Expressway
-   Guthrie-Damansara Expressway
-   Sungai Juru Expressway
-   Paroi-Senawang-KLIA Expressway
19
2 Two coal electricity generation plants 7
3 Development of Malaysian Rubber Board's 3,300acre land in Sungai Buloh, Selangor 10
4 Five Universiti Teknologi MARA (UiTM) branch campuses n/a
5 Redevelopment of the Angkasapuri Complex Kuala Lumpur as Media City n/a
6 Integrated Transport Terminal in Gombak, Selangor n/a
7 Privatisation of Penang Port Sdn Bhd n/a
8 Kuala Lumpur Strategic Development by 1MDB; Sungai Besi Airport area n/a
9 KL International Financial District in Kuala Lumpur n/a
10 Construction of the liquefied natural gas regassification by Petronas in Melaka 3.0
11 Two aluminium smelters in Sarawak Corridor of Renewable Energy (SCORE) 18.0

 

GREEN BUILDING INDEX

The Green Building Index (GBI) is Malaysia's industry recognised green rating tool for buildings to promote sustainability in the built environment and raise awareness among Developers, Architects, Engineers, Planners, Designers, Contractors and the Public about environmental issues and our responsibility to the future generations.

The GBI rating tool provides an opportunity for developers and building owners to design and construct green, sustainable buildings that can provide energy savings, water savings, a healthier indoor environment, better connectivity to public transport and the adoption of recycling and greenery for their projects and reduce our impact on the environment.

 

MSC MALAYSIA STATUS

 




MSC Malaysia was conceptualised in 1996 and with the full support of the Malaysian government, MSC Malaysia has since grown into a thriving and dynamic global ICT hub.

 

The MSC Malaysia Status benefits ICT and ICT-facilitated businesses through a host of privileges that entail world class services and infrastructure as well as financial incentives. Multimedia Development Corporation or MdeC directs and oversees the MSC Malaysia initiative.

 

 


 


 

 

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