CapitaLand seeks to expand in Malaysia

Developer aims to capitalise Malaysia's property market boom as its expected GDP grew by 6.5%.

CapitaLand Ltd is looking to expand its presence in Malaysia’s real estate sector with the strong turnaround of the country’s economy at an expected gross domestic product of at least 6.5% this year.

According to CapitaLand Commercial Ltd vice president of marketing Catherine Yao, the company maintains a long-term view of Malaysia’s property market and is committed to being a long-term real estate player in the country.

“CapitaLand is one of the largest foreign real estate players in Malaysia today. It believes the market holds good potential and is actively looking for suitable sites to undertake more residential and commercial projects where appropriate,” she tells StarBizWeek.

To expand in the country, it will tap on its strengths in the residential, office, shopping mall and service residence business.

Quill Building 3 is one of the commercial buildings owned by Quill Capita Trust, CapitaLand’s listed entity in Malaysia.
Besides Kuala Lumpur, which the company has quite a large presence, CapitaLand is also looking at other parts of the Klang Valley and strong growth markets like Penang.

View the full story in The Malaysian Star.