In the recent REHDA Institute’s IBS Conference, many good points were shared by Dato’ Jeffrey Ng, Chairman of REHDA Institute (RI). Do refer here for the full article: IBS: Industry significance and challenges. The guest of honour was Works Minister YB Baru Bian. He shared many interesting numbers which I think it’s worthwhile noting down in an article and see the changes within the next few years. Treat this as a journal entry perhaps?
#1 – Construction sector plays a vital part to Malaysia’s economic growth; 4.2% to the GDP! (Okay, this is a small number when compared to Services and Manufacturing sectors but the try growing the other two without new residential and commercial buildings and you will know that it’s impossible!)
#2 – IBS has been in used since 1960s. One of the projects using IBS was Bukit Jalil Sports Complex. (I checked, IBS is a staple in all developed countries and I seriously think this is the way forward even if this may mean some jobs will be lost in the process)
#3 – Successful building of a 57-storey Mini Sky City in China in just 19 days using pre-fab construction technology compared to the conventional building method of the One World Trade Center (also known as Freedom Tower) which took 7 years to complete. (Youtube video as proof to this 19-day completion)
#4 – To date, there are more than 300 IBS manufacturers or suppliers who have registered
with CIDB as compared to 265 IBS manufacturers in 2017. (Double digit growth)
#5 – Construction site accidents. Statistics from the Social Security Organisation indicated that 7870 accidents were reported in the construction industry in 2017, compared to 4330 cases in 2011; an increase of 81.76%. (IBS can definitely reduce this number. However, these accidents are due to HUMANs and ENFORCEMENT. Hopefully more is being done even if IBS is becoming more prominent)
#6 – The implementation of IBS technology in the public sector is as high as 78% but the acceptance of IBS technology among the private sector is rather low at 31%. (Again, consultation as well as the ‘stick’ and ‘carrot’ approach will have to continue. Give sufficient incentives so that it becomes easier to accept and if all else fails, then do like what some countries do; force loh…)
IBS is going to the way forward as demonstrated by most of the advanced property markets in the world today. However, it’s very important to understand all the challenges too because one size does not fit all. Happy following and understanding. I learnt more about IBS too from this Rehda Institute’s IBS conference.
written on 28 March 2019
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