The latest Economic Census 2023 for the real estate services sector reveals a vibrant growth trajectory from 2015 to 2022. The sector, which includes both real estate activities involving owned or leased properties and those performed on a fee or contract basis, has seen significant expansion in recent years.

In 2022, the number of establishments in the real estate services sector surged by 5.0% to 24,576, up from 17,447 in 2015. This increase highlights the sector's growing prominence within the economy. Correspondingly, the gross output value of these establishments reached RM36.8 billion, marking a 3.9% rise from RM28.1 billion in 2015. The value of intermediate inputs also saw a 3.7% increase, climbing to RM13.6 billion in 2022, up from RM10.5 billion.

The value added by the sector demonstrated robust growth, rising by 4.1% to RM23.2 billion in 2022, compared to RM17.6 billion in 2015. This figure reflects the sector's significant contribution to the economy, despite rising operational costs.

Employment in the real estate services sector expanded notably, with 97,266 persons engaged, representing a 3.4% annual growth from 77,020 in 2015. This increase in employment is mirrored by a rise in total salaries and wages, which reached RM4.2 billion, up 6.3% from RM2.7 billion in 2015.

Fixed assets within the sector also experienced growth, with the value reaching RM99.1 billion, an increase of 3.9% from RM75.9 billion. This rise underscores the sector's ongoing investment in infrastructure and assets, supporting its expansion and operational capacity.

Overall, the real estate services sector has demonstrated resilience and growth, contributing significantly to Malaysia's economic development. The sector's expansion is indicative of increased demand and investment in real estate activities, reflecting a positive outlook for future growth.