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DUBAI: Abu Dhabi-based Tasweek Real Estate Development and Marketing recently explored the property and financial markets of Malaysia and Singapore to assess business opportunities and local market trends.
According to the advisor and solutions provider serving the Middle East real estate markets, the trip affirmed the sustainable growth of the property sectors of both Malaysia and Singapore.
With regard to Malaysia, the firm said the Malaysian market has been experiencing a property upsurge particularly in its high-end residential segment due to the availability of cheap financing, new launches, favourable regulations and enticing promotions.
Tasweek chief executive Masood Al Awar said the Asian discussions and observations proved that cheap financing was vital to ensuring the availability and sustainability of property returns and opportunities.
He observed that Singapore and Malaysia both had various channels to fund property, allowing their real estate sector to continue to be productive despite the global crisis.
"We intend to adopt elements of the financing strategies we have witnessed in both countries to secure even better business for our company in 2011," said Al Awar who met with Malaysian and Singaporean banks and finance houses involved in real estate to gain more insights on their financing schemes.
The financing model employed by Tasweek aims to achieve a combination of timeliness and speed, cost, and quality, the company said in a statement.
Its mortgage financing options are aimed at leveraging the United Arab Emirates's lucrative mortgage market which is currently valued at around 50 billion dirhams (RM42.66 billion).
Tasweek's business activities include the purchase and sale of strategic assets, asset management, joint ventures and strategic alliances as well as marketing consultancy. — Bernama
According to the advisor and solutions provider serving the Middle East real estate markets, the trip affirmed the sustainable growth of the property sectors of both Malaysia and Singapore.
With regard to Malaysia, the firm said the Malaysian market has been experiencing a property upsurge particularly in its high-end residential segment due to the availability of cheap financing, new launches, favourable regulations and enticing promotions.
Tasweek chief executive Masood Al Awar said the Asian discussions and observations proved that cheap financing was vital to ensuring the availability and sustainability of property returns and opportunities.
He observed that Singapore and Malaysia both had various channels to fund property, allowing their real estate sector to continue to be productive despite the global crisis.
"We intend to adopt elements of the financing strategies we have witnessed in both countries to secure even better business for our company in 2011," said Al Awar who met with Malaysian and Singaporean banks and finance houses involved in real estate to gain more insights on their financing schemes.
The financing model employed by Tasweek aims to achieve a combination of timeliness and speed, cost, and quality, the company said in a statement.
Its mortgage financing options are aimed at leveraging the United Arab Emirates's lucrative mortgage market which is currently valued at around 50 billion dirhams (RM42.66 billion).
Tasweek's business activities include the purchase and sale of strategic assets, asset management, joint ventures and strategic alliances as well as marketing consultancy. — Bernama
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