Malaysia Included In Investment List

While Dubai and Singapore has been popular choices for investors, the Thailand and Malaysia property market have also opened as places for investment.

It is no question for investors to shift to these countries when real estate house prices in the European and US have went down or remained stagnant.

Another popular market is the UK, especially London where demand is high on the mid-range properties at locations such as St. John's Wood and Kensington. Over 50 nationalities have acquired properties from there where Indians are accounted for the 3.15% of the overall buyers. This is due to the depreciation of the British pounds that has benefited Indian investors.

Source: Economic Times

SP Setia Eyes On E&O

It is learnt that shareholders from SP Setia have made overtures with Eastern and Oriental (E&O) in the recent months. However, SP Setia president and chief operating officer, Tan Sri Liew Kee Sin did not confirm nor deny of SP Setia's interest in buying E&O.

A company official who do not want to be named mentioned "SP Setia is always looking for new acquisitions including land deals and strategic stakes."

When contacted, E&O deputy managing director, Eric Chan said, the management was not in any acquisition talks with any party.

Full news at Business Times

Property Prices Rise in Iskandar Johor

The collaboration of UEM Land Holdings Berhad and Iskandar Investment Berhad (IIM) with network system Cisco to  develop and information and communications technology(ICT) and services smart city masterplan for Nusajaya.

Turning Nusajaya into a smart city will prompt property prices to rise even further. Properties selling at RM 300,000 are now at RM 400,000. Properties launched in East Ledang in 2008, has seen price increase from RM 500,000 to RM 600,000.

This will be the first "smart+connected" community property development in Malaysia, which will also integrate with retail and banking services.

Some of the catalyst development that you might know of in Nusajaya includes Kota Iskandar, Southern Industrial and Logistic Clusters, Puteri Harbour, Afiat Healthpark  and Nusajaya residences.