Overseas Property Investment

The most recent australia property investment news from a variety of international property news sources.

Double-digit growth in residential prices for the past year has helped median home values eclipse pre-crisis levels in a number of Australian real estate markets. Heading into 2010 this rapid rebound is likely to lose some steam with the recent expiration of the first-time homebuyer stimulus and the…

Malaysia’s Mah Sing Group Bhd aims for property sales to climb 39 per cent to RM1 billion (US$292 million) this year as an economic recovery spurs home purchases in the Southeast Asian nation.
The nation’s fifth-largest property developer sold RM720 million worth of properties last year, beating a target of RM453 million, managing director Leong Hoy [...]

PETALING JAYA: Sime Darby Property Bhd is in discussions with a few potential partners for possible joint ventures (JV) to develop its vast land bank in the country.
The company has a land bank of 37,000 acres, of which 8,000 acres are in the Guthrie Corridor, according to managing director Datuk Tunku Badlishah Tunku Annuar.
“It is [...]

KUALA LUMPUR: SUNRISE BHD posted net profit of RM34.52 million for the second quarter (2Q) ended Dec 31, 2009 and is upbeat for the remaining second half due to the locked-in unbilled sales of RM714.1 million as at Dec 31, 2009.
It said the board was confident of the company’s prospects in the current financial [...]

Property developer Sunrise Bhd saw its net profit fall 13 per cent to RM71.8 million for the half-year ended December 31 2009.
Its executive chairman Tong Kooi Ong said the reason for its net profit decline was because the previous corresponding period had included a one-off gain from the sale of office space in Plaza Mont’ [...]

An artist’s impression of the RM1.8bil Quayside condominium to be launched at Seri Tanjung Pinang.
GEORGE TOWN: E&O Property Development Bhd will launch the RM1.8bil Quayside luxurious condominium at its sea-fronting Seri Tanjung Pinang project in Tanjung Tokong early next month.
Group general manager (marketing and sales) Lim Hooi Yen said the scheme on a 21-acre freehold [...]

The luxury condominium project in Penang will boast the region’s first private waterpark within a gated community.
An international marina, premium water-taxi service, upscale food and retail outlets and commanding views of the Andaman Sea are among the attractions property developer E&O Property Development Bhd will offer potential buyers at its RM1.8 billion Quayside Seafront Resort [...]

The Novotel Hydro Majestic Hotel was sold for RM156mil last year.
The outlook for the local hotel industry is expected to be positive this year after the hospitality industry showed some pick-up in the second half of last year, says Malaysian Association of Hotels (MAH) senior vice-president Ivo R Nekvapil.
“Barring any bad press with less emphasis [...]

While first-time homebuyers responding to government incentives accounted for much of the activity in Australia’s real estate market during 2009, 2010 could be a record year for investment volume. Attracted by the security that property offers over the long-term, those investors will be keeping a sharp…

When Liew Tze Yong left for Australia several years ago, those in the property circle thought they would be seeing the last of him.
After all, he made his name with Gita Bayu, one of Malaysia’s first gated and guarded lifestyle developments. After that successful partnership with world-renowned resort designers Lek Bunnag and Bill Bensley, he [...]