Exmoo, 24 February 2014 – Malaysia setup exhibition booth at macau in order to make attraction from foreign peoples
Exmoo, 24 February 2014
Malaysian Property Developer visits Macau to present affordable development projects.
Macau Group property agents and Iskandar Malaysia's Tropicana Danga Bay promoted their latest development project in Macau yesterday. The project includes a residential community, shopping malls, office buildings and even luxury hotels. Macau Group deputy director Lu Jian Heng said that there is an increase of local investors that prefer to invest in real estate overseas due to the high property prices in Macau. Some have even turned to the European market mainly to purchase smaller units for leasing, which rental returns is higher than Macau properties at present. Compare with the average price of MOP$10,000 per square feet in Macau, Malaysia’s average price per square feet is only about MOP$1,200 to MOP$2,000, the relatively low prices is believed to attract investors from Macao.
Caption: In recent years, an increasing number of Macao residents prefer to invest in overseas real estate for rental purposes. Tropicana Corporation Berhad and Macau Group agency jointly organized the Malaysian real estate fair. (Photo by Huang Guan Jie)
Tropicana Corporation Berhad said that Malaysia's "My Second Home Programme" will grant qualified foreigners’ temporary residency in Malaysia, ensuring future growth potential for real estate in Malaysia.