In 2023, the revenue from non-residential buildings in Malaysia stood at 13.25 billion Malaysian Ringgits. The forecasted data predicts a consistent increase in this value, with revenues expected to reach 13.31 billion in 2024, 13.38 billion in 2025, 13.44 billion in 2026, and 13.5 billion in 2027. This reflects a stable growth trend in the sector.
Year-on-year, the revenue is projected to grow by approximately 0.45% in 2024, 0.53% in 2025, 0.45% in 2026, and 0.45% in 2027. Over a five-year period, the compound annual growth rate (CAGR) of the sector stands at around 0.47%, indicating modest but continuous growth.
Future trends to watch for include the impact of economic policies, potential infrastructural investments by the government, and shifts in the commercial real estate market. Sustainable building practices and technological advancements may also influence market dynamics.
