When the Chinese (China) developers descended upon Iskandar some time back, it awed many. A launching of a few thousand units was unheard of until Country Garden started it. Remember? Read here: Testing water with 9,000 units? No Malaysian developers can do that, yet. Malaysia is fast becoming a new ‘playground’ for them. Perhaps due to the need to diversify their risk or even due to the slowing growth at home but I think major reason is also because Malaysia’s property market has reached a stage which is attracting world attention.
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.
If we look at this on a big picture basis, it’s clear that if we are thinking about investment, property must occupy an important spot. No, I am not talking about buying those super expensive ones and wait for foreigners to buy from us. I am talking about the continuous growth of the property market and it’s best to have something to our name instead of blaming the world for the price increase which will continue to happen unless Malaysia stops all and goes back into a cocoon. Affordability today may refer to RM400,000 and below but a few years down the road, the affordability ceiling is unlikely to be going down. Just bear that in mind. In the mean time, get ready for even more Chinese developers from China coming into Klang Valley instead of just Iskandar. Take a look at one of their project in Guangzhou, China. (Image above)
written on 6 July 2015
Next suggested article: Cheapest and most expensive in Mont Kiara
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.
If we look at this on a big picture basis, it’s clear that if we are thinking about investment, property must occupy an important spot. No, I am not talking about buying those super expensive ones and wait for foreigners to buy from us. I am talking about the continuous growth of the property market and it’s best to have something to our name instead of blaming the world for the price increase which will continue to happen unless Malaysia stops all and goes back into a cocoon. Affordability today may refer to RM400,000 and below but a few years down the road, the affordability ceiling is unlikely to be going down. Just bear that in mind. In the mean time, get ready for even more Chinese developers from China coming into Klang Valley instead of just Iskandar. Take a look at one of their project in Guangzhou, China. (Image above)written on 6 July 2015
Next suggested article: Cheapest and most expensive in Mont Kiara
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