Malaysia become preferred listing destination for SunCity

Malaysia has become the preferred listing destination for Sunway City Bhd’s (SunCity) proposed real estate investment trust (REIT) although it is not ruling out other proposals for reverse takeovers in Singapore and Australia.

From SunCity executive director Datuk Jeffrey Ng, the authorities in Malaysia are very proactive and doing their level best to get the more established companies to list in Malaysia. Malaysia is definitely a preferred destination by SunCity but they are looking to other opportunities as well.

Industry sources added that companies also had a more positive view following the revamp of main and second boards into a unified board, further improvement in processes and procedures as well as liberalisation of the 30% bumiputra quota in 27 service sub-sectors.

If something very firm comes up, SunCity will study it in the best interests of shareholders, how to buying investment property can generate profit. One of which is GIC (Government of Singapore Investment Corp). Early last year, SunCity was reported to be more keen on listing in Singapore where the tax regime is more attractive to REIT investors in relation to withholding tax.

However, the global financial crisis, which erupted in the later part of last year, has changed the scenario and investors turned risk averse. In terms of mandate, this represents a fresh opportunity to select possibly new parties that can give the best terms. Under the old mandate, the global investment banks were Goldman Sachs and UBS while the local investment banks were CIMB Investment Bank and RHB Investment Bank. Read more »

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Why You Should Buying Investment Property

Have you think about buying investment property as one of your investment tool? Many type of investment in the market, stock, trading, unit trust, own a business, gold investment …etc. More and more investors are moving over to real estate because tired of the ongoing flux in the stock market.

Real estate is a relatively low-risk venture and provides greater certainty than other creative investment options. It is highly unlikely that the vacillating trend of the stock market will be mirrored in real estate. Therefore, if you decide to dive in real estate and buying investment property, it would serve as a profitable diversion as far as investing is concerned.

Deciding in buying investment property is one of the good decisions you will ever make for your future. However, it isn’t something you can decide to do one day and then rush out and do the next. There is a process that you have to learn and lots of information to digest. If you think you have done that and you are now prepared to go out and make your first purchase.

The real work begins once you have made the decision to buying investment property. Finding a profitable investment property is not a child’s play. It entails a comprehensive research, is a time-consuming task, and requires a lot of reliable contacts. Peruse further for a primer on how to begin with real estate investing. Look for some others tips how to buying investment property successfully.
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Indians migrate to Malaysia through MM2H Programme

Your next home could be in Malaysia. A large number of foreigners move to or retire in Malaysia through Malaysia My Second Home (MM2H). What do you do with your disposable income? Well, for those of you who love traveling and think of keeping the price factor down a bit as well as make a good investment, you may not have to look too far.

Traveling abroad is these days akin to visiting your second home. In the last two years, around 500 Indians, a number of whom are said to be agriculturalists from Chandigarh and the northern region, have registered themselves for the ‘Malaysia my second home’ (MM2H) pursuit that is being sponsored by the Malaysian government.

With MM2H scheme, the Malaysian government allows tourists to formulate into the country’s property Invetsment Market. Corporeal’s smooth, virtuous pick a homely (either magnetism the emotions of the corner or an island), pick your price (upwards of Rs 18 lakh) and voila! You have a central for yourself. Absorbing, for the prevailing property prices fame Mumbai, Delhi, Bangalore, Kolkata and Chennai won’t fetch you a decent familiar for as low as Rs 20 lakh.
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Malaysia My Second Home (MM2H)-Retire in Malaysia

Malaysia My Second Home (MM2H) is a programme introduced and promoted by the Malaysian Government. MM2H programme launched by Malaysia government to encourage and welcome foreign citizens to stay in Malaysia. MM2H programme open to all foreign citizens over the world except those from Israel, Yugoslavia & Montenegro.

MM2H participants allow to stay for long term on a Social Visit Pass with a renewable multiple entry visa valid for 5 years, and soon to be extended to 10 years. Holders of Expatriate Pass (Work Permit) and their dependants are not eligible to apply for MM2H unless they give up their work permit as well as holders of a Student Pass.

However, this MM2H programme does not entitle a permanent resident status and successful applicants are strictly forbidden from being employed anywhere in Malaysia unless approved by the government or to participate in activities such as political, missionary activities or anything which are provocative, instigative or considered sensitive to the local people and threat to national security of this country.
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