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Construction Industry after the GFC: Australian versus Malaysian Perspectives

Dr.TK Chan will discuss the effects of the 2008 global financial crisis on the construction industries in Australia and Malaysia. Financial analyses of public listed and large private companies in the building sector were examined.  Both the Australian and Malaysian governments responded to the GFC with additional spending for infrastructure to maintain jobs and to stimulate their economies. The findings indicate that the impact was minimal for both material suppliers and construction companies, but especially severe for the more leveraged property developers and REITs in Australia. Building material suppliers and construction companies have benefitted substantially from the building economic stimulus package provided by the Australian government to mitigate the effects of the GFC. Malaysian construction companies saw their net profit margins cut from 6% before the onset of the GFC to less than 3% in 2009. On the whole, the effect of the GFC on the building sector in both these countries was limited in time and scope.

Toong Khuan Chan is Assistant Dean (International) and Senior Lecturer in Construction Management and Technology, at the Faculty of Architecture Building and Planning, University of Melbourne. His research interests are in the areas of construction economics and technology, and he has published extensively in major engineering and construction journals and conference proceedings.


Seminar: Friday, April 11, 2014
6.00 pm - 7.00 pm  Registration and Refreshment
7.00 pm - 8.30 pm  Evening talk (1.5 hour)
8.30pm  End

CPA Australia Malaysia Office, Suite 10.01, Level 10,
The Gardens South Tower, Mid Valley City,
Lingkaran Syed Putra, 59200, Kuala Lumpur


Please contact Svetlana Collier on +61 478 409 918 or at




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