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Malaysian firms to invest US$1.5b in China via first Belt & Road Property Development Forum

Malaysian firms to invest US$1.5b in China via first Belt & Road Property Development Forum

Malaysian companies
are expected to invest at least US$1.5 billion (about RM6.35 billion) in China
real estate via the ASEAN-China Economic and Trade Promotion Association’s
(ACETP) first Belt & Road Property Development Forum in China. The forum is
expected to attract about 300 property companies from China and Asean
countries.

ACETP is hosting the
forum in Sichuan province’s capital Chengdu in collaboration with Chinese data
company, Chengdu Realty Technology Corp Ltd. The forum, which will take place
on Jan 13-14, 2018, aims to promote cooperation between ASEAN countries and
China under the Belt and Road Initiative.

In Malaysia today,
ACETP Malaysia president Datuk Ng Kek Kiong said the forum will focus on
project and business match making through discussion of policy analysis,
investment and financing channels, besides cooperation strategies.

“The summit is
expected to result in at least US$1.5 billion worth of property investments in
China, in terms of gross development value, from 20 handpicked Malaysian
companies,” Ng said.

He was speaking to
reporters here today after the Belt & Road Property Development Forum’s
memorandum of understanding (MoU) signing ceremony. Ng signed the MoU on behalf
of ACETP while Chengdu Realty Tech Corp was represented by its chairman Luo
Hongwei.

Ng said Malaysian investments in China can be streamlined and
made simpler through the professional supply of comprehensive real estate data
on policies, land bank, supply, transactions, product types, customer database
by Chengdu Realty Tech Corp.

Source: The Edge Markets

Posted on : 24 October 2017
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