Overseas Property Investment

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

Abu Dhabi and Dubai are likely to benefit from political unrest in other parts of the Gulf by way of the property market. The area is seen as a safe haven in the region for investors. Read more about this in the full article from PropertyWire. Property markets in Dubai and Abu Dhabi are set [...]

KUALA LUMPUR: The Malaysian property market hit a record year in 2010 with RM107.44 billion worth of properties transacted and the trend will continue this year. “There will be an increase this year, but marginally,” said National Property Information Centre (NAPIC) director-general Datuk Abdullah Thalith Md Thani. The property market enjoyed double-digit growth in 2010, [...]

KUALA LUMPUR: Malaysian property prices are expected to increase at an average of between 10% and 20% this year, in light of rising inflation and increase in demand for local properties from foreigners, said Deputy Finance Minister Datuk Donald Lim Siang Chai. “Inflation in 2010 stood at 2.2% and was at 2.4% in the first [...]

The fast-growing district of Puchong in Selangor will welcome a Hilton hotel in 2013, which is part of a RM1.5 billion mixed-development project named Millenia City. The project, located on a 40.5-hectare site, is being developed by privately-held Millenium Land Sdn Bhd, which shares similar directors as Tanco Bhd. The group yesterday signed an agreement [...]

Nusajaya is expected to benefit from better Malaysia-Singapore bilateral ties. Picture shows Bangunan Sultan Ismail, the Johor State Legislative building in Kota Iskandar, Nusajaya. NUSAJAYA: A total of RM6.15bil in new investments from local and foreign investors have been received for development projects in the eight catalyst developments (except EduCity components) in Nusajaya. UEM Land [...]

The future of Asia is in its cities. It is the cities and the activities generated therein that will help the continent march forward. But in order for cities to thrive, it needs people. Although still one of the less urbanised continents, Asia’s urban population has grown from 32% in 1990 to 42% in 2010, [...]

The company expects 2011 to be one of its better years since its listing in 1995, says Bina Puri’s group managing director BINA Puri Holdings Bhd, which is expanding its business, is bullish that revenue will surpass RM1 billion this year, its chief said. “This year is all about execution of projects and finishing existing [...]

Abu Dhabi-based Tasweek Real Estate Marketing and Development is buying a minority interest in property developer Superboom Projects Sdn Bhd. Superboom is developing the RM250 million high-end condominium project named The Haven Lakeside Residences in Ipoh, Perak. The deal was signed last weekend. Superboom chief executive officer Peter Chan declined to specify the stake size [...]

JOHOR BARU: Iskandar Regional Development Authority (Irda) chief executive officer Ismail Ibrahim says attracting new investments to Iskandar Malaysia is going to get tougher and more challenging. He said although the country’s first economic growth corridor was making significant progress and moving in the right direction, albeit uncertainties in the global economy, Iskandar could not [...]

BEST Western International Inc, one of the world’s largest hotel chains, has been appointed by property developer Superboom Projects Sdn Bhd to manage, market and lease out The Haven Lakeside Residences. Jonathan Badman (left) and The Haven Sdn Bhd co-principal David Yam at the site of The Haven Lakeside Residences. BWI Hotels Sdn Bhd group [...]