Property market demanding is Malaysia consider average status. Penang property market may drip ~10% in y2009. Penang International Property Expo or PIP 2009 is an annual showcase that attracts quality exhibitors and genuine players in the property scene. This might help to reduce period of time for property market to be rebound.

There is good responded for Malaysian International Property Expo 2009 (MAPEX 2009) which held on Mid Valley Exhibition Center 6th Mar 2009 – 8th Mar 2009 (10am – 9pm). The next Property Expo is Penang International Property Expo held on 27th~29th March (11am – 9pm) at Penang International Sport Arena (PISA). Read more »

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Property in Malaysia & Malaysia’s real estate investment trusts (REITs) have been sold down and are trading below their net asset values (NAV), made worse by the softening property market and weakening rent yields.

The challenges facing REITs is not only the negative property market sentiment towards equity, but also the inability to raise capital growth due to tightening credit. Despite the challenging economic conditions this year, REIT managers in the country are confident they can mitigate the impact by looking at various options to raise capital, acquiring properties prudently and focusing on existing assets to ensure strong tenancy.

Axis REIT Managers Bhd chief executive officer and executive director Stewart LaBrooy said part of the growth process of a REIT was to continuously acquire properties to enlarge its portfolio.Axis REIT would not discount the possibility of future acquisitions this year although it may not be as intensive as y2008.
But any potential acquisitions will need to be yield-accretion. Read more »

It’s good news for property investor those interested in Australian property and the retired plan is to migrate to Australian. An exciting and prestigious international property event will take place soon in Kuala Lumpur and Penang.

There have been numerous real estate exhibitions in town but the Australia & International Property Fair 09 will display entirely international projects, focusing mainly on Australian Property. The event will showcase all types of commercial and residential projects by established Australian property and international developers.

Interested home buyers or property investors should therefore mark their calendars for the upcoming Australia & International Property Fair 09 that is expected to offer a variety of choice properties. Read more »