Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Malaysians top the list for purchase of properties in foreign lands

By Jeevan Nanthan Subscribe to RSS | May 26th 2012 | Views:
loading
 
  



A recent report said that Malaysians are the leading purchasers of properties in Queensland. The stats which are for the years 2010-11 have been collected for sale made in both Queensland and Brisbane of the properties. In figures, the whopping amount of RM977.51 million and RM929.63 million for Queensland and Brisbane properties respectively is something that cannot be overlooked.

Talking about the highest deal, it was for the selling of a 40 storey green office building at Brisbane. The same was located at the Turbot street and developer from real estate Malaysia who bought the same were Permodalan National Berhad, popularly known as PNB in Malaysia.

Apart from Malaysia, buyers who have made to the list hail from China, Japan and Singapore. Malaysia however is the top position holder followed by these three. In figures, the total amount for purchase of properties these three made amounted to RM2.36 billion.

In another report, it clearly came to picture that Malaysian developers and firms contributed up to 12% sales of the apartment projects being developed in Australia for the year 2010-11.

The most notable development in this was undertaken by a leading developer in property penang- SP Setia Group. This was for the development of a two tower Fulton lane in Melbourne at Australia. The project started in 2010.

The apartment market in Australia is already seeing dominance by developers and firms from Asia. This even includes almost 90% of the apartment development projects that are currently ongoing in Australia.

The developers who are a part of this development in foreign lands aim at adding to their income base and thus choose locations that are the prime ones. Located near shopping centres, universities and more this will help in accomplishing a stronger demographic growth, thus offering a win-win situation to both Malaysians as well as Australians.

Another talked about acquisition by PNB include making trials to acquire properties in the Capital of UK, London. The company in just two years has already managed to invest on 4 overseas properties. These include one in Australia and three in London. These comprise the One Exchange Square, Santos Place, 90 High Holborn and the Shore house located at London and Brisbane respectively.

The interest that developers from Malaysia are showing in overseas properties has gained significant momentum in the past few years. The step taken by leading developers like SP Setia and PNB are further going to motivate more developers to participate in this and add to Malaysia’s popularity in the global real estate market even more.

Malaysia fits in very well in the property investment area internationally. While on one hand the strong economic policies and relaxation in laws is attracting developers to invest in Malaysia, still on the other hand developers making investment in foreign lands is a bonus for Malaysian real estate growth.

In short, Malaysia has emerged as a strong power on the Asian map and with the growth rate that the same is managing to grow at nationally and internationally, Malaysia is bound to emerge as a strong property investment hotspot and leading overseas investor on the planet.

Jeevan Nanthan - About Author:
The author is an expert in real estate malaysia and works with SriShanBid to assist with buying and selling of penang real estate. SriShanBid as a leading property company can help anyone in finding their dream property penang at best possible deals.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/malaysians-top-the-list-for-purchase-of-properties-in-foreign-lands.htm

Related Real Estate Articles Subscribe to RSS

Acquire your dream home with the help of real estate agents
Published by Deepti on May 3rd 2012 | Real Estate
If you are planning to buy a house, there are lots of things which need to be considered and planned...
 
Rising investments in Bangalore real estate
Published by Prop Tiger on July 4th 2012 | Real Estate
The Bangalore commercial market has witnessed a healthy transaction activity throughout the month of...
 
Economic real estate deals and estate agents
Published by Glyn Jones on December 3rd 2011 | Real Estate
The online estate agents turn out to be an economic alternative with reality dealings but they being...
 
 
Tips on how to make money on real estate foreclosures
Published by Shaz Memon on December 26th 2011 | Finance
Making money on real estate foreclosures is indeed a good idea. Get cheaper ones and earn good money...
 
The attractive features of the commercial real estate investment organization
Published by Ema Sis on July 25th 2012 | Real Estate
The commercial real estate investment usually are rising demand since the commercial property is usu...
 
It’s time to go with real estate India again
Published by Mike Nicholson on May 4th 2012 | Real Estate
Those days are gone when real estate in India was not a lucrative sector. Today, it has developed in...
 
Port Washington real estate is one time solution for all property queries
Published by Jack Smith on June 15th 2012 | Real Estate
Anyone can have lot of queries when they go for property dealing. But your all queries resolved with...
 
Noida real estate bringing smile to everyone’s face
Published by Komal Chauhan on December 30th 2011 | Real Estate
This article is related to noida's most luxurious project named Unitech Unihomes 3 and its various f...
 
Attributes of a good estate agent
Published by Glyn Jones on May 24th 2012 | Real Estate
Canary Wharf Estate Agent, Rent Canary Wharf, Canary Wharf Estate Agents, Docklands Estate Agents...
 
Cape Coral real estate a bargain in waiting
Published by Anne Mary on December 10th 2011 | Real Estate
The real estate markets in Florida and Cape Coral in particular continue to flourish, with some fabu...
 
How KORAMANGALA became very new real estate destination in Bangalore
Published by Prop Tiger on June 9th 2012 | Real Estate
At time localites used to call Koramangala 'Sollemangala'. It had been a village and was thought-abo...
 
Mohali: a viable option for residential real estate investment
Published by Neha Gupta on May 11th 2012 | Real Estate
These days, numerous people are making investment in residential real estate sector. If you are seek...
 
Some critical points to consider with estate agents
Published by Glyn Jones on January 19th 2012 | Real Estate
The estate agents can be much helpful with the real estate investments. So you are to be very carefu...
 
Want to buy Miami luxury homes? Get to know luxury real estate miami business
Published by Angie Turner on May 25th 2012 | Real Estate
Envision a stifling location with tall palm trees; sun flounced white sandy shores and several class...
 
Luxury real estate auction – Added Benefits of Real Estate Auctions
Published by Landmark on December 30th 2011 | Real Estate
Real estate auctions have become a popular way of buying a home or investment property. Auctions be...
 
Real estate investment at Riggsbee Farm
Published by Steve Elloy on January 17th 2012 | Real Estate
The bankrupt economy of Greece and the clueless future of the EU have taken the international market...
 
California Real-estate
Published by Fawad Umair on June 30th 2012 | Real Estate

When you get that loan or dealer, you can first want to get the right residence in perfect neigh...
 
Are you searching for real estate project in Bhopal?
Published by Manish Kumar on June 14th 2012 | Real Estate
Many homebuyers sometimes get confused about buying a new home or apartment. They think that waiting...