FAC ILITAT ING & PROM OT I N G I N V E ST ME N T FOR MA LAY S I A N R E A L E S TATE |
2012 issue 5
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NEWSFLASH MPI LEADS TOP MALAYSIAN DEVELOPERS, SIME DARBY PROPERTY AND UEM LAND TO TOKYO ON B2B MEETINGS, NOV 12 TO 18, 2012 >>Read more
SPECIAL REPORT ANTI-FOREIGN
ELSEWHERE BENEFITS MALAYSIA BUT...
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FACTORY OUTLET >> Read more
HALF YEARLY: PROPERTY REPORT BY SECTORS, 1H’09 -1H12
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THE SINGAPORE FACTOR: RISING INTEREST IN BY INDONESIAN INVESTOR
CROSSBORDER QUERIES LOOKING FOR
INVESTMENT >> Read more
THE MALAYSIAN INDUSTRY
INVESTOR PREFERENCES ISKANDAR
THE FIRST UPSCALE JAPAN IN SOUTH EAST ASIA
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MPI LEADS TOP MALAYSIAN DEVELOPERS, SIME DARBY PROPERTY AND UEM LAND
TO TOKYO ON B2B MEETINGS
On 12 Nov 2012, government entity Malaysia Property Incorporated (MPI) partnered with leading Japanese bank, Sumitomo Mitsui Banking Corporation (SMBC) and led two top Malaysian developers to Tokyo to meet some of their Japanese clients who expressed interest in outward investment into Malaysia. by Veena Loh Decision to target Japanese institutions MPI’s move into Japanese market to seek FDI into real estate is timely as the yen is at its strongest. Japanese property investors are looking at outbound opportunities as the local market & sales have been shrinking. Despite the sizeable population in Japan as the world’s tenthlargest population, with over 127 million people, there is surplus housing due to aging population and falling birth rates. The trend is expected to continue with the Japanese population expected to shrink by one third to 87 million people, in 2060. At the same time, foreigners avoid the Japanese real estate market due to its nuclear disaster and the locals shun reclaimed land due to fears of tsunami. With declining domestic demand, property prices are declining. This is in contrast to rising property prices in other youthful population and rising income in Asia. MPI sees great potential in tapping Japanese investors as Japanese companies are currently sitting on US$2.6 trillion cash, according to Japan’s Central Bank figures. Japanese buyers benefit from an exchange rate hovering around ¥ 80 to the US$, meaning the Yen buys nearly 10% more dollars than it did two years ago. This indicates that the Japanese have more leverage in investing overseas now. Achievements of MPI The recently concluded JV between Japanese Mitsui Fudosan and Malaysian MAHB match-made by MPI has encouraged MPI to move more aggressively into Japan despite the higher costs of running a Business-to-Business (B2B) event there.
MPI sees great potential in tapping Japanese investors as Japanese companies are currently sitting on
to early 2012) investments. Since its inception, total FDI concluded through MPI has exceeded RM1.3 billion.
One-to-one meetings Visits to Japanese companies were tailored to suit each developer who had one-to-one meetings with Jones Lang La Salle (Corporate Finance), Starts Group, Tokyu Real Estate, Mitsubishi Jisho, Nomura Real Estate, Mori, Parco, Mitsui Fudosan, Marimo, Sekisui Heim and , according to Panahome amongst others. The Malaysian Japan’s Central Bank developers Sime Darby Property and UEM Land had substantial landbanks and figures were looking for catalyst partners, retail operators, new concepts that were green It took MPI more than six months to or architecturally different that could be handhold Mitsui Fudosan and match- adopted for Malaysia. make them to MAHB culminating in RM335 million investment in a first of its The list of companies provided have kind Japanese Premium Outlet in Kuala been screened by MPI as those that Lumpur International Airport (KLIA). have the capacity and intention to invest internationally. The responses from the The B2B roadshow is a departure from Japanese potential partners were positive its existing Business-to-Consumer (B2C) with promises of return visits. promotional efforts in target markets like Indonesia and Singapore. MPI pioneered In addition, special requests to meet with efforts opening the first Malaysian famous architects like Kuma Kengo & Property Gallery in the financial district Associates and SuperPotato, companies along Shenton Way, Singapore. The like Toyota Racing Development (TRD) success saw many Malaysian developers and sites of architectural interest were follow suit in Singapore on their own. The accommodated to bring about greater B2B is another of MPI’s pioneer effort in cross-pollination of ideas with Malaysian targeting the Japanese market. ones. Educational site visits to places like Shimizu Corp. Headquarters considered Singapore MPI’s permanent gallery the most intelligent high-rise & ecoexhibiting Malaysian projects in Singapore friendly building in Japan and Toshiba garnered RM848 million for the past two Smart Grid were made. Here ideas on how years while annual Jakarta events have to cut carbon reduction are shared. brought in RM20.3 million in investments in real estate. MPI has also introduced Japanese agents to developers that have (continued next page) brought in RM138 million (from late 2010
US$2.6 trillion cash
SMBC has been an excellent partner having screened clients before bringing them to the table. MPI’s roadshows were timely as many Japanese corporations were only starting on the outbound trail. Raising the profile of Malaysia and highlighting its strengths was an eye-opener for these big Japanese corporations. Japanese investors who faced bad experiences investing in the US during the global crisis need more research and reassurances about the financial stability of the economy and real estate and the steadfastness of government policies. Going together as a government body and with the private sector accelerates the outward investment decision of foreigners - MPI
Meeting with Jones Lang LaSalle - Corporate Finance team
Presentation by the Panahome Corp. Smart Home Factory’s Plant Superintendent - Mr. Yoshiyuki
Nusajaya has been creating waves at the global level and is currently receiving positive interest from the international communities including that of Japan’s who favour Malaysia over others as a preferred destination that is conducive for retirements or extended stay. The potential influx of investments from the Japanese companies will not only add value to Nusajaya’s current status as an investment hub to be reckoned with, but will also help to endorse and seal it as the World in One City. In promoting Nusajaya abroad, the collaborations between MPI and the respective country’s government agencies and business organizations have made the communication as well as promotion trips effective and productive. In Tokyo in particular the joint effort between MPI and SMBC to organize the program resulted in focus effective meeting sessions. - UEM Land
Sime Darby’s presentation to Nomura Real Estate Holdings and Nomura Real Estate Asset Management
The meeting between UEM Land and the Japanese investors organised by MPI was indeed a step in the right direction for us as it is in line with UEM Land’s strategic initiatives in creating awareness as well as promoting the vastly potential investments opportunities and prospects for international communities to tap on as far as Nusajaya is concerned.
Study tour to Tokyo Skytree
Briefing by Shimizu Corp.’s representative on how the Shimizu HQ Building operates
SMBC is very appreciative and honored to be given this opportunity to collaborate with MPI. The B2B roadshow was a great kick-off to introducing potential Japanese partners to Malaysian developers for developing value-added commercial properties and smart communities in Malaysia. We will continue to make every effort to be the bank of choice for the cross-border activities of Malaysian and Japanese companies and to serve as a catalyst for the further growth and development of the Malaysian economy - SMBC
Product’s demonstration by Sherlock Corporation’s represntative
MPI Briefing to SMBC’s Client Relationship Managers at SMBC HQ, Tokyo
Photo session in front of SMBC HQ, Tokyo
Meeting with Parco Co. Ltd
SMBC is the second largest bank in Japan whose clients include all of the major Japanese corporations. Introduction by SMBC are deemed worthy by the Japanese corporations. Both the Japanese bank and MPI saw synergies from working together to matchmake outbound Japanese investors with Malaysian developers. The reputation of the developer is doubly assured when accompanied by both MPI and SMBC. The strength in the Japanese economy has been in overseas businesses and as such the top Japanese banks had international divisions covering different countries that were on the lookout to increase their lending operations to new businesses.
“Being Asia’s financial centres, Hong Kong and Singapore have been recipients of global money. Once touted as the world’s freest economies, both have pulled the brakes on foreign investors.
SENTIMENT ELSEWHERE BENEFITS
Asian governments have been concerned about impending property bubbles as a result of speculation spurred by rising wealth and high savings. “This situation is exacerbated by greater ease in the flow of global hot money to the few remaining growth spots while consecutive quantitative easing by the United States Federal Reserve has increased global liquidity, making matters worse,” she pointed out.
by Zoe Phoon
Malaysia is likely to be a significant, if not the biggest, beneficiary of “anti-foreigner property tax” in Hong Kong and other places, and of increasing outbound foreign direct investment (FDI) from Singapore and Japan. In Hong Kong, the government introduced a 15% property tax on foreign and corporate buyers of real estate. Like Singapore, it also raised stamp duty for speculators. In mainland China, the government announced limits on foreign buyers of its residential and commercial properties and in Australia, foreigners are prohibited from buying existing housing stock for investment. “The implications of anti-foreign sentiments would benefit Malaysia as that redirects FDI to the country. “Most of the FDI are tied to real estate as multinational corporations (MNCs) look for suitable locations to target their markets, use the available talent pool or natural resources,” said Malaysia Property Inc (MPI) general manager Veena Loh. “Soft and hard infrastructures have made today’s globalised world flat, this makes Malaysia a good logistics centre as well as potential outsourcing and IT hubs,” Loh said in response to Real Reserve’s questions on whether market cooling measures in Hong Kong, Singapore and elsewhere would favour Malaysia. She also sees Malaysia as the biggest beneficiary of Singapore’s increasing outbound FDI. In the meantime, she said, outbound FDI from Japan, as well as China-Japan squabbles over the “contested islands” and China’s lack of control over intellectual property which have made China less attractive to Japanese investors, would also benefit countries such as Malaysia which offer competitive wages, rent and logistics.
If Malaysia doesn’t seize the
opportunities and brand itself in countries
that are looking outbound, it stands to lose out
However, she said foreign investors have never considered Malaysia as a significant market for real estate play despite it being relatively low risk and stable. For instance, the Malaysia My Second Home programme has drawn property buyers but the number, around 1% of annual total residential property transactions, has been insignificant. On what the country can do, she suggested a departure from a “cheap image” to “branded image”: “Malaysia has been drawing MNCs targeting the mass market and small and medium enterprises (SMEs) which support them. This year, the country has begun to attract investment interests from China to relocate SMEs keen to build a brand using it as a hub to reach out to the Asean marketplace. In Johor, the industrial parks tend to appeal to investments from SMEs in Singapore.”
On Hong Kong’s 15% property tax, Loh said it not only diverts mainland Chinese buyers’ attention elsewhere but is also punitive on expatriates who want to set up a permanent base in the special administrative region. She said more marketing is also required for Malaysia to compete with others: “As In addition, MNCs previously considering our availability of cheap oil and gas has to set up base in Hong Kong’s financial dwindled, promotional bodies need to district may now look at Tun Razak market the country for its talent pool as Exchange in Kuala Lumpur which have Singapore and Hong Kong. offers tax breaks and incentives to lure international Islamic banks, Islamic funds “Malaysia has an edge over them. Being and wealth managers, venture capitalists multiracial has conditioned Malaysians and property developers. to manage diverse workforces and multicultural teams for global or “Hong Kong and Singapore markets are regional project management. Already, volatile. During the global financial crisis, our workforce is tapped for high value Singapore saw a 14% quarter-on-quarter service support project management and drop in the house price index in Q1 2009 operations across Asia Pacific.” and four consecutive declines compared to a one-off 2% softening in Malaysian real This article first appeared in the Malaysian Reserve - Real Reserve on Dec 14, 2012. estate in Q4 2008.
PQ: The completion of the Grand Hyatt (2012), St. Regis (2014) and many more are coming into the market until 2015. This may set new benchmarks for the Malaysian hotel industry. Are we anticipating more flight schedules and new routes? RP: Connectivity to Malaysia is still a problem. We should encourage more low An improved global connectcost carriers in the ASEAN countries to ivity and accessibility allows to fly to Malaysia as well as to increase their create more demand in place frequency of flights especially to major cities and tourism-concentrated areas. Without these efforts, Malaysian hotel industry will not expand substantially regardless whether Malaysia has great hotels. Further discussion is needed among various stakeholders i.e. the government, local authorities, industry by Hazrul Izwan Reginald T. Pereira players etc. in order to create flawless CEO, Malaysian Assocciation of Hotels Reginald T. Pereira is currently the policies, guidelines and some attractive Chief Executive Officer of the Malaysian incentives for the industry. on the business traveler side, Malaysian Association of Hotels (MAH). As the official hotel industry needs a serious makeover, national network for the hotel industry, I believe our average room rates will especially when it comes to infrastructure. MAH works as one body to promote, experience a significant increase or at Gr e ate r glob a l c onne c ti vi ty and protect, represent more than 600 hotels least be on par with Thailand. The take up accessibility to Malaysia coupled with the as well as to advance the interest of its rate by the domestic travellers will not be new policy on visa issuances may allow members in Malaysia. affected and Malaysians can still afford to us to create more demand from the pay as Malaysia is heading towards a high business segment. Special arrangements Reginald obtained a Diploma in Hotel income economy. for visa issuance will definitely encourage Management from The Les Roches School more multinational companies to do their of Hospitality Management in Switzerland PQ: In Europe, a budget hotel is shown internal seminar/conferences for their and has an MBA (Human Resources). more to be resilient in economic staff here. This could be one of Malaysia’s Reginald is a Certified Instructor of the downturns and it penetrates the market unique selling propositions. American Hotel and Lodging Educational quicker than a branded hotel. Is there Institute. Reginald is the first Malaysian to any room for international branded PQ: As a closing statement, what is the receive the Institute’s Lamp of Knowledge budget hotels exploring this opportunity outlook for Malaysian hotel industry in the Award for Outstanding Hospitality in Malaysia? next six to 12 months in terms of rating Education- International in June 2007. RP:Some of the branded budget hotels and classification as well as the occupancy are already here - Ibis, Holiday Inn and room rate? Property Quotient (PQ) interviewed him Express and Swiss Inn. The budget hotel RP: Firstly, all hotels should be rated. In recently to gain insights on what Malaysia industry in Malaysia has evolved for the the next six to 12 months, we will see an should do to further increase number of past 10 years. We foresee more branded increase in the occupancy and room rate business travelers and his view of the budget hotels coming into the market. due to continuous promotion activities industry outlook for the next six to 12 For instance in Iskandar Malaysia, the by Ministry of Tourism and MyCEB. High months. completion of LegoLand as well as other demand for low cost carriers which results upcoming entertainment centres such as in the increasing frequency of flights and PQ: Can you briefly tell us what your the Sanrio Hello Kitty Town and The Big upgrading works of airport infrastructures mission is? And what is your expectation Little Club that mainly target families will also contributed to the success factor. In from the Malaysian hotel owners and give industry players more opportunities addition, Malaysian hotel industry remains operators? stable and to some extent we managed to to venture into this business. Reginald T. Pereira (RP): Since inception bypass the Euro-zone crisis. in 1974, our mission is to aim at building PQ: In your opinion, what are the unique a highly skilled workforce, innovative and selling proposition that are attracting As a closing statement, we wish all the disciplined individuals who will enhance foreign hotel brands and operators to respective agencies both public and the efficiency and productivity in the Malaysia besides the incentives and private sectors could put extra efforts in Malaysian hotel industry. attracting long haul and high-end tourists benefits? RP: The incentives given by the in order to create spinoff effects. These We expect that all the hoteliers, hotel government are not the primary factor. efforts will raise our occupancy and room owners, operators and hotel-related Frankly speaking, the country’s stability rates to a new high and benefit many industries to play a part in contributing is the key factor in order to create more industry players in Malaysia. suggestions and giving feedbacks in demand from the industry players. Since MAH’s annual survey towards improving our independence in 1957, we encounter For more information about Malaysian the Malaysian hotel industry. This will lift very minimal political instability and Association of Hotels (MAH), please visit MAH’s credibility as an agency that acts as this makes Malaysia one of the world’s http://www.hotels.org.my/ the voice of the hotel industry in Malaysia. preferred leisure destinations. However
According to the Iskandar Regional Development Authority (IRDA), the cumulative investment commitments in Iskandar Malaysia amounted to RM95.45 billion (US$30.24 billion) between 2006 to June 2012. Of this, 34% is contributed by manufacturing sector, followed by property sector (31%) and 27% from utilities, tourism and other sectors. In 2011, 40% of the RM95 billion in cumulative investments was derived from contribution of foreign direct investment mainly from Singapore, Spain and Japan. Indonesia contributed only a small fraction of the total foreign investment values in all sectors, even though Indonesia was ranked second after Singapore in terms of approved manufacturing projects in Iskandar totalling RM689.5 million. But attractiveness of Iskandar by Indonesian investors tendency is expected to rise progressively in the next six to 12 months due to the so-called “Singapore factor” – that is, the rising cost of doing business caused by higher property prices, labour cost as well as cost of living forcing investors to seek other sustainable areas for investment. According to recent article “Facing a Space Squeeze, Singapore Looks North” by the Wall Street Journal, the author wrote as Singapore runs out of land to expand, it is joining forces with Malaysia to develop the Johor area into Singapore’s new hinterland, with space for multinational companies, industry, tourist attractions
With continued engagement and investment promotion efforts by various investment promotion agencies (IPAs), Iskandar Malaysia has a huge potential to attract foreign investors especially to invest in manufacturing and property sectors as well as other supporting industries.
the crime rate and improve the quality of life for all. IRDA also introduces the Incentive and Support Package (ISP) as the guidelines for investors. Some of the key incentives include tax exemption for 10 years, liberalization of fiscal policy to allow corporations to source capital globally and the flexibility to employ qualified knowledge workers in six promoted sectors: logistics, creative, education, healthcare & wellness, financial and leisure & tourism. Open-bidding is one approach that can be considered with a government agency entrusted to manage the land release and negotiate plot ratio with the prospective bidder.
by Hazrul Izwan
BY INDONESIAN INVESTOR
RISING INTEREST IN
Figure 7: Investment Updates Cummulative Committed Investments, 2006-1H’12 (RM’b)
Utilities, Tourism & Oth.
Cummulative Committed Investment
Source: IRDA, Khazanah Nasional, IIB & corporate announcements
The rising cost of doing business caused by higher property prices, labour cost as well as cost of living forcing investors to seek other sustainable areas for investment
and plenty of housing. Iskandar Malaysia as an immediate neighbor, fits the investor’s criteria for various types of investments and is quickly dispelling the erroneous assumption that is a mere blackwater of Singapore. In fact, it’s strategic location across the causeway, coupled with improved connectivity and key attractions of LegoLand theme park, Educity and other leading sites position Iskandar as an ideal tourism city and a viable real estate investment destination that benefits Indonesian investors with business interest in Singapore.
As a growing economic region, Iskandar, in particular Medini, offers end-users a 15% income tax for qualified knowledge workers and incentives, such as 100% foreign property ownership and no minimum foreign investment value. These incentives will attract more expatriates to Iskandar, not only for work but to make Iskandar their second home. For example, a gated and guarded freehold landed property in Iskandar is half the price of a Singapore private apartment. The comparative advantages in Iskandar Malaysia include the reasonable price of properties with water and green features,ranging from RM450 to RM1,200 per square feet. Combined with the low mortgage rate at an average of 4% per annum, loan tenure up to 30 years, margin of financing available for foreign buyers between 70% to 85% and also attractive promotions by developers such as Developer’s Interest Bearing Scheme (DIBS), waiver of legal and stamp duty etc. has made Iskandar one of the preferred investment destination in the region.
Developers in Iskandar such as UEM Land, Encorp, Gamuda, UM Land SP Setia, Mah Sing Properties etc. welcome foreign developers, contractors, operators and investors from Indonesia to contribute their experience, skills and knowledge to the area’s development. This may be realized through a joint-venture or other forms of property investment and Its abundant opportunities have accorded development projects to continuously it a new tagline – “Iskandar Malaysia, the support IRDA in jointly transforming Shenzen of Singapore”. Iskandar’s property landscape to one of the most dynamic in the region. IRDA is taking the initiative in forging an investment-friendly environment. Security and safety measures include the This article first appeared in The Jakarta Post Special Pullout, on Oct 12, 2012. introduction of 46 initiatives to mitigate
THE FIRST UPSCALE
JAPAN FACTORY OUTLET IN SOUTH EAST ASIA Malaysia Airports Signs MoU with Mitsui Fudosan Co. Ltd., Japan to Further Expand Commercial Opportunities
Malaysia Airports is pleased to announce that it has entered into a Memorandum of Understanding (MoU) with Mitsui Fudosan Co. Ltd., Japan (Mitsui) to develop an upscale factory outlet park to be known as Mitsui Outlet Park KLIA on an approximately 50 acres of land at KLIA, Sepang. The outlet park will be developed complete with F&B and entertainment facilities as its complementary components based on strong themed attractions i.e. Knowledge and Attractions, Prime Time Complex and World Food Expo.
We are very honoured to be referred to Mitsui by MPI. This opportunity is intended to be the pacesetter for the development of KLIA Aeropolis and will boost the
Mitsui Outlet Park KLIA, the first Mitsui outlet park in South East Asia and the 14th for Mitsui, will be developed over three phases at an estimated gross development cost of about RM335 million. It will boast in the a total lettable area of about 47,000 commercial potential of square meters upon full completion, thus positioning the outlet park as the largest KLIA land within Mitsui’s stable of outlet parks. The first phase of development is expected to begin within the first quarter of next year Mitsui, a leading real estate developer in and is expected to open its doors to the Japan has been established since 1941 public by end of 2014. with global operations in US, UK, Singapore and China is mainly engaged in the Mitsui Outlet Park KLIA will offer a wide development of shopping centres, hotels, selection of leading brands including office complexes, etc. The Company to luxury brands, popular select shops, high date has 13 outlet parks (12 in Japan and grade and top Asian fashion, sports & 1 in China) with the first outlet established outdoor items, fashion accessories and in Osaka, Japan in 1995. gifts at prices that are guaranteed to be below their recommended retail prices. The MoU was signed today at Malaysia More than 240 famous international Airports Corporate Office by its Senior designer brands will be invited based on General Manager, Muhamad Khair Mirza their presence in existing Mitsui Outlet while Mr. Masatoshi Satou, Managing Parks in Japan and China. Officer of Mitsui Fudosan Co. Ltd., Japan signed on behalf of Mitsui, witnessed by In addition to popular European and Tan Sri Bashir Ahmad, Managing Director American brands, the upscale outlet park of Malaysia Airports. will also offer top Asian fashion from Japan, South Korea, Hong Kong and Tan Sri Bashir Ahmad said, “We are very Malaysia thus setting it apart from the honoured to be referred to Mitsui by other retail centers in Malaysia in terms of Malaysia Property Incorporated (MPI). breadth of brand diversity. This opportunity is intended to be the
confidence of investors and developers
pacesetter for the development of KLIA Aeropolis and will boost the confidence of investors and developers in the commercial potential of KLIA land. Malaysia Airports is pleased to form a strategic partnership with Mitsui which has vast experience and proven track record in real estate development including the development and management of factory outlets.” He also added, “One of the most important benefits from this project is the opportunity to further expand our non-aeronautical or commercial revenue base, in line with our “2010-2014 Business Direction: Runway to Success”, where commercial development is slated to be our main driver of revenue and profitability growth. Strategically located within the premise of KL International Airport (KLIA) which is about 60km south of the urban area of Kuala Lumpur City Center, Mitsui Outlet Park KLIA will also prove to be a key attraction to more than 40 million passengers annually expected to connect through KLIA and KLIA2 next year onwards. The completion of the Mitsui Outlet Park KLIA in 2014 as well as KLIA2 next year will greatly enhance the overall KLIA retail offering hub, in line with the Government’s effort in transforming KLIA into a Retail Hub under the EPP 12 of the Economic Transformation Programme (ETP). In addition, Mitsui Outlet Park KLIA will place Malaysia and KLIA on the retail tourism map as a destination of choice.
This article first appeared in the Malaysia Airports website, on Nov 22, 2012.
PROPERTY STOCK REPORT SHOWS INCREASING IN
VOLUME & VALUE
ACROSS ALL SECTORS IN SECOND HALF 0F 2012
COMMERCIAL Value (RM’000)
MALAYSIA: Analysis on Percentage Change Across All Four Sectors for the RM500,001 and Above Segment in 1H’12 compared with 1H’11 Residential
Average price / unit Source: NAPIC, MPI Research
Malaysia Property Incorporated (MPI) receives foreign investor queries on an ongoing basis. For any parties interested to pursue these investment requirements, please contact the MPI team at email@example.com Request
Development land less than RM 15 million for high-end condominium project
10 - 20 acres of land for furniture mall
Landbank, Development rights
5 - 7 acres of land for development
Greater KL (Southern part)
10,000 square feet area
Landbank, Development rights
10 acres and above of freehold land to built a logistic park
Klang Valley (Shah Alam, Bukit Raja)
Landbank, Development JV
Mixed development with medical component, medical resort e.g medical themed service apartments, retirement village
Klang Valley, Johor, Penang
2Q 2012 Landbank
4Q 2011 Factory cum distributor office
ABOUT US Malaysia Property Incorporated is a Government initiative set up under the Economic Planning Unit to drive investments in real estate into Malaysia. As the first port-of-call for real estate investment queries, Malaysia Property Inc. connects interested parties through an extensive network of government agencies, private sector companies, real estate firms, business councils and real estate-related associations. MPI has two core objectives; to create international awareness and to establish connections between foreign interests and Malaysian real estate industry players, ultimately contributing to real estate investments into the country.
For further information and up-to-date tracking of Malaysian real estate data, visit: www.malaysiapropertyinc.com For further enquiry, write to: firstname.lastname@example.org
Disclamer: This report contains information that is publicly-available and has been relied on by Malaysia Property Incorporated on the basis that it is accurate and complete. MPI is not liable if the case proves to be otherwise. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed.
Published on Jan 7, 2013
MPI Market Intelligence presents an up-to-date snapshot of the Malaysian real estate scene using data derived primarily from the National Pr...