Overseas Property Investment

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

PROPERTY developer Magna Prima Bhd will launch five projects, worth a combined RM1.2 billion, in the Klang Valley in the second half of the year.
Its chief executive officer Yoong Nim Chee expressed optimism of a pick-up in the property market and said the projects would be launched starting June or July.
They include the much-anticipated Magna [...]

Land JV in China (RM500mil GDV) is expected to take off after all the necessary approvals are obtained in the next 12-18 months, JP Morgan says.
SP Setia Bhd’s performance in southern Johor will be on the road to stronger growth given the number of projects in the pipeline and the overall economic recovery in the [...]

The coming together of two well regarded property groups, Sime Darby Property Bhd and Sunrise Bhd, to jointly develop a RM1bil integrated commercial property project in Bukit Jelutong, Selangor is quite a new development in corporate Malaysia and will be closely watched by industry players to see how it pans out.
The 50:50 joint venture agreement [...]

Despite an expansion and extension of the homebuyer tax credit in November, home sales declined in December 2009. Analysts believe that unless the US economy shows increased stability by late spring of 2010, the government will extend the homebuyer tax credit again. See the following article from HousingWire…

Unlike the housing collapse of the 1990s that was hampered by excess inventory, limited supply should help bring the UK property market back from the latest crash, as it did in the ‘80s. The remaining element in this recovery, and the key factor for the immediate future, will be favorable lending…

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 [...]

A 352-room hotel, an exhibition and convention centre along with commercial lots will form the third and fourth phases of the RM1.1 billion Penang Times Square development in Penang.
The project, which is being carried out by Ivory Properties Group, will also feature a cineplex and luxury condominiums, its executive director Datuk Seri Nazir Ariff Mushir [...]

KUALA LUMPUR: Sunrise Bhd wants to expand into markets where there aren’t many Malaysian developers, said executive chairman Datuk Tong Kooi Ong.
“Every Tom, Dick and Harry has gone to Vietnam. There are (other) countries that have a lot of potential … where there aren’t many Malaysian players,” he said at an analyst briefing yesterday when [...]

Property analysts are optimistic Sunrise Bhd will sustain its current earnings level into the financial year ending June 31, 2011, given the number of projects in the pipeline.
OSK Investment Research said the company’s near-term earnings would receive a boost from its current unbilled sales of RM714.1 million and from the sale of the RM990 million [...]

With the UK’s property market still looking a little gloomy, it seems there may be a glimmer of hope peeking through in the For Sale By Owner (FSBO) property market. NetMovers, the UK’s leading commission free property portal who let people sell property online, have announced a larger growth this year than in any of [...]