According to GlobalData, the value of Malaysia construction market is forecast to grow by 3.5% in real terms in 2024, having grown by 5.0% in 2023. A key growth market will be the infrastructure market, with output rising by 3.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five commercial and leisure construction projects that commenced in Malaysia in Q3 2024, according to GlobalData’s construction projects database.
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1. KUL2 Hyperscale Data Center
The project involves the construction of a 256,000m2 data centre comprising 10 buildings with a consumption capacity of 256MW on 14ha of land in Cyberjaya, Selangor.
Construction work started in Q3 2024 and is expected to be completed in Q4 2025.
The project will be Vantage’s second data centre and is located adjacent to its existing campus (KUL1) in Cyberjaya. It also aims to provide low-latency connectivity to major cities in the region, including Singapore, Bangkok and Jakarta.
2. Iskandar Puteri Hyper-Connected AI-Ready Data Center
The project involves the construction of a 200MW data center in Iskandar Puteri, Johor.
Construction work commenced in Q3 2024 and is expected to finish in Q1 2028.
3. Sunway Ipoh Mall
The project involves the construction of a shopping mall on 9.2ha of land in Ipoh, Perak.
Construction work started in Q3 2024 and is forecast to complete in Q4 2027.
4. Iskandar Puteri Data Center
The project involves the construction of a 64MW data center in Iskandar Puteri, Johor.
Construction work commenced in Q3 2024 and is expected to be completed in Q3 2025.
5. Valdor II Warehouse Facility
The project involves the construction of a 57,599m2 multi-story warehouse in Penang.
Construction work started in Q3 2024 and is expected to be completed in Q4 2025.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
