VENTURING overseas has become a viable option for many Malaysian property companies to widen their earnings base and establish a stronger brand image in the region. Developers with good track records and interesting project concepts to “export” to other emerging markets are making a beeline abroad. According to Malton Bhd chief operating officer Yeoh Teng Tatt, the company is eyeing China and Vietnam to introduce its brand of properties to the growing middle class and newly rich population. “We are talking to potential partners in those countries for possible joint ventures to undertake projects. Having established its name in building townships and niche residential projects, including gated and guarded projects in the Klang Valley, Malton is looking forward to replicate its success in other potential markets outside the country,” Yeoh pointed out. Read more
(The Star 17-3-2008)
