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MIPIM Asia 2011 to raise profile of investment potentials in M'sia's real estate sector

HONG KONG (Nov 15): MIPIM Asia 2011 is expected to raise the profile of investment potentials in Malaysian real estate, said Malaysia Property Inc (MPI) chief executive officer Kumar Tharmalingam.

He said MIPIM Asia, which kicked off on Tuesday till Nov 17, 2011 at the Hong Kong Convention and Exhibition Centre, aimed to reach out to the region's corporate and institutional investors.

"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 impression on the institutional and corporate investors here, both in terms of Malaysia’s country presence as well as individual engagement by the Malaysian companies," he said here on Tuesday.

Hong Kong's Secretary for Development Carrie Lam Cheng Yuet-ngor, who officiated the event, later visited the Malaysian Pavilion.

Kumar said while MPI’s ultimate objective at MIPIM Asia was to raise the profile of the investment potentials and opportunities in Malaysian real estate, its efforts co-existed with the support of real estate-related government initiatives such as the Greater KL National Key Economic Areas under Pemandu as well as Malaysia’s Green Building Index.     

He said institutional investors would 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.

The investor activities planned at the Malaysia Pavilion include Meet the Malaysian Players Networking Session, from 4pm-6pm every day, featuring a strong line-up of top developers and government-linked companies representing some of Malaysia’s most prominent projects.

Three Malaysian property developers — IJM Land Bhd, Sunway Bhd and Selangor State Development Corp — will showcase some of their most prominent projects at the Malaysian Pavilion.

Along with other government agencies such as MSC Malaysia, represented by Multimedia Development Corp, UOA Development Bhd and Cyberview, the groups are expected to form a dynamic Malaysian contingent at the trade show. — Bernama

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