TASWEEK CHECKS OUT REAL ESTATE LANDSCAPE IN MALAYSIA, S'PORE

DUBAI, Nov 15 (Bernama) -- 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.

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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