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Booming property development in Malaysia

Posted on 10 December 2010

From Ihb.de: Two major Malaysian timber companies, Permaju Industries Bhd and Eksons Corp Bhd are diversifying from their core businesses and moving into property development as the Malaysian property market continues to heat up.

According to statistics provided by the National Property Information Centre (Napic), the average price of a residential property in Malaysia has risen by 16% during the first half of this year to RM212,815 (US$68,600). Residential properties in Malaysia are the most expensive in Southeast Asia after Singapore………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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