TA Research said the construction of the Mass Rapid Transit Line 3 and data centres, as well as investments in the semiconductor industry, will be key drivers and catalysts for the construction industry.
PETALING JAYA: The construction sector is expected to continue thriving as robust order books provide strong visibility for builders for the coming two to three years, says TA Research.
TA Research stated in its market outlook report for the second half of 2024 (2H24) that the property sector’s revitalisation has driven an upward spike in the construction sector’s activity as developers ramped up new launches, resulting in more projects going into order books.
