Latest one to announce their intention to be a leading developer in Malaysia within 5 years is Agile Real Estate Development (M) Sdn Bhd, wholly owned by Agile Property Holdings Limited (3383:HKSE). This is another giant where property development is concerned. It has a track record of over 90 projects and more than 600,000 houses built and managed in various districts of Mainland China. It’s first project is Agile Mont Kiara, scheduled for launch in Q3 2015. Yes, July is already the beginning of Q3 2015. 🙂 Agile Real Estate Development (M) Sdn Bhd’s Chief Executive Office (CEO) Wilson Ren said, “We are very excited to be a part of the Malaysian property landscape as there is huge potential here. Stability in various key aspects such as politics, economy, environment, social security, market and price points – especially here in KL, make Malaysia a new frontier for property development in Asia”
The current two developments that they are planning include one in Mont Kiara and another in Bukit Bintang and within 6 years, total number of jobs which it will create is expected to be 1,000 or higher. I personally believe that these new foreign developers show that the Malaysian property market has reached a new level of sophistication. Just less than 10 years ago, there were not many mention of Malaysian property market on the world stage but fast forward to 2015, the number of foreign developers showed that the interest is now much higher. The traditionally popular property markets such as those of London, Australia, Hong Kong and Singapore remain strong even if there are hiccups and worry about sustainability. Newer markets are also opening up with the relaxation of foreign property ownerships in Thailand, Vietnam and Indonesia. This meant that the focus has now reached the region and no longer just Malaysia or earlier, Singapore.

written on 6 July 2015
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