Navigating the Belt and Road Initiative: Impacts on Malaysia’s Real Estate Sector with Comparative Insights from Thailand

Abstract

The Belt and Road Initiative (BRI) is a transformative global framework enhancing trade, infrastructure, and connectivity, significantly impacting Malaysia’s real estate sector. This study explores real estate professionals’ perspectives on BRI-driven projects through qualitative research methodology, including qualitative interviews with 25 real estate experts and relevant BRI policy reviews. It examines how infrastructure improvements, rising foreign direct investment, and enhanced connectivity influence property values and demand across residential, commercial, and industrial segments. Findings highlight BRI’s potential for sustained growth and diversification, alongside challenges like market volatility, regulatory complexities, and environmental concerns. Comparative insights from Thailand reveal similar economic and sustainability dynamics. This study offers actionable recommendations for stakeholders to foster sustainable real estate development in Malaysia, aligning with interdisciplinary social science research standards.