KUALA LUMPUR, Malaysia, Nov. 16, 2011 /PRNewswire-Asia/ -- Today, Malaysia Property Inc (MPI), a non-profit government agency under the purview of the Economic Planning Unit (EPU) and funded by the government of Malaysia, has announced that it has roped in three distinguished property developers and three government agencies to form a dynamic Malaysia contingent at MIPIM Asia 2011.
The annual premium real estate event, scheduled for 15-17 November 2011, reaches out to the region's highest concentration of corporate and institutional investors in the Asia-Pacific region. With MIPIM Asia's initiatives such as a Malaysia lunch table co-chaired by Malaysian industry captains and Malaysia specific networking tables, MPI is confident of making a significant presence to the institutional and corporate investors attending MIPIM Asia, both in terms of Malaysia's country presence as well as individual engagement by the Malaysian companies. While MPI's ultimate objective at MIPIM Asia is to raise the profile of the investment potential and opportunities in Malaysian real estate, MPI's efforts co-exists with the support of real-estate related Government initiatives such as the Greater KL NKEA under Pemandu as well as Malaysia's Green Building Index. Information from these initiatives is given a significant presence within the Malaysian Pavilion.
The Malaysia Pavilion brings together an aggregate of opportunities from Malaysian delegates within the Pavilion including Malaysian companies looking for hotel and retail operators. Institutional investors will have opportunities to talk with Malaysia companies on opportunities in en-bloc residential and commercial acquisitions, joint venture partners for development projects, greenfield development opportunities and project funding. Investor activities planned at the Malaysia Pavilion include "Meet the Malaysian Players Networking Session" from 4-6pm every day, featuring a strong line-up of top developers and government-linked companies representing some of Malaysia's most prominent projects:
1. IJM Land spearheads the RM5.5 billion "The Light Waterfront Penang" along Penang island, an iconic waterfront development and Penang's first integrated commercial, retail, entertainment, financial and cultural destination complete with 100% fibre optic infrastructure and Malaysia's Green Certification -- Green Building Index set in lush greenery and tranquil water features.
2. MSC or Multimedia Super Corridor Malaysia is the national initiative formed by the Malaysian Government and managed by the Multimedia Development Corporation (MDeC) for the purpose of advancing the Malaysian Information and Communications Technology (ICT) industry. MDeC is also responsible for promoting MSC Malaysia locally and globally, whilst providing strategic support to MSC Malaysia Status Companies. MSC Malaysia-designated areas offer shared services and outsourcing market opportunities through project developers such as UOA Development Bhd and Cyberview Sdn Bhd.UOA Development Berhad features the Bangsar South Cybercentre -- a choice locale for those who demand world-class ICT infrastructure and environmental-friendly facilities at a central location with excellent transport connectivity.Cyberview Sdn Bhd, the landowner that spearheads the development of Cyberjaya "Malaysia's Silicon Valley", is an ICT and innovation-centric township integral to Malaysia's Multimedia Super Corridor (MSC Malaysia).
3. PKNS, the Selangor State Development Corporation, was formed in 1964 as an agency to promote development in Selangor, Malaysia's most populated state. Since its establishment 47 years ago, PKNS has built 12 cities and integrated townships, evolving from a developer of low-cost housing to one of Malaysia's leading real estate players. PKNS plays a pivotal role as the state's master developer as it ventures into new growth areas such as urban regeneration projects and development of iconic landmarks.
4. Sunway Berhad is one of Malaysia's top 10 private developers that features a unique Integrated Properties division encompassing property development, hospitality, retail, leisure and commercial properties in Malaysia and overseas. With an increasing international presence, Sunway Berhad has formed strategic collaborations with various foreign business partners to provide superior product offerings and services in fast-growing economies including China, India, Vietnam and Cambodia.
For a quick summary, the 2010 Malaysia Property Market Report records positive growth across all sub-sectors, registering 376,583 transactions worth RM107.44b in the market last year. Real estate transactions by overseas investors within Kuala Lumpur amounted to 11% of total property transactions. On the listed real estate front, Malaysia's REIT market currently features 13 REITs where capitalization has grown to USD3.7 billion from USD500 million when it was first introduced in 2005.
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