Published on 19 July 2007 at 02:15 pm
Filed in Property News for Malaysia » Malaysia Property Investment News
Now that The Malaysian Institute of Economic Research has upped its GDP growth forecasts for Malaysia for 2007 and everything economically speaking in the nation is on track for an extremely successful year, everyone apparently wants a slice of the Malaysia property investment pie.
And it’s not just private individual investors looking at the potential in the Malaysian property marketplace - some of the bigger institutional players are getting in on the game having done their due diligence and found that there is exceptional room for price, yield and profit expansion in this exciting emerging market.
Ascendas Pts Limited which is a Singaporean based Real Estate Investment Trust is another inward investor to have just announced that it has already got the money together for its own commitment to a brand new private property investment fund that will draw investment upwards of a billion US dollars to a handful of the most promising emerging real estate markets in the world - of which Malaysia is one.
Ascendas’s Asean Fund will target the commercial property market with specific focus on office space and technology related facilities as these are areas that they see as offering the best diversification balance in terms of risk and profit potential. The fact that they have handpicked and highlighted Malaysia for a large portion of this investment is testimony to how well regarded the investment property marketplace in Malaysia is.
While Ascendas will retain about a 30% stake in this exciting new private fund, the likes of General Electric Real Estate Investment Holdings, Singapore Press Holdings Ltd. and Shinsei Bank Ltd. will make up the rest of the investment proving that big name, heavyweight influences are backing property in Malaysia for the foreseeable future.
This overall increase in terms of inward foreign direct investment commitment to the Malaysian property market is following hot on the heels of the extensive positive and developmental changes that the government in Malaysia has brought to bear of late. Additionally the positive economic indicators coming from Malaysia are also raising international confidence in the stability and sustainability of the nation’s economy.
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