KUALA LUMPUR (MAR 11): TW House International Sdn Bhd, a major Taiwanese property agent, is targeting to sell Malaysian properties worth a total of RM3.5 billion to foreigners this year, its chairman Datuk  Dr Ting Chung Cheng said.

Last year, it sold 850 units of Malaysian properties worth about RM1 billion to mainly Taiwanese investors.

The Taiwanese company officially set up its regional headquarters in Malaysia yesterday at Jalan Imbi, Kuala Lumpur, according to Chinese newspapers Sin Chew Jit Poh and Nanyang Siang Pau.

Ting, who was the past president of the Taiwanese Investors Association in Malaysia, was quoted as saying the company was ready to promote Malaysian real estate globally, particularly to mainland Chinese and Taiwanese investors.

“We are an international company, with over 400 branches in Taiwan and over 8,000 staff. On March 5, we signed a cooperation agreement with China’s largest realty player which has 1,500 branches. With a total of 2,000 branches across mainland China and Taiwan, we are ready to sell and promote Malaysian properties,” Ting said