Weekly Highlight 19th Sept 2012

Malaysia
With its long-standing history of real estate development in Johor Bahru, UDA Holdings Bhd has offered its expertise towards the redevelopment of Johor Bahru city. Thousands of visitors invited to sneak previews of Legoland have given the theme park the thumbs up. Analysts and market players said that Malaysian real estate investment trusts (M-REITs) have performed well this year. Seven new projects have been announced under the New Key Economy Area (NKEA) scheme and are expected to add 18,522 new jobs and increase the country's Gross National Income (GNI) by RM 2.36 billion. The Malaysian Association of Hotels predicts a slight increase of 2% in hotel occupancy rate in Penang this year. As operating costs climb in China, Iskandar Malaysia in Johor could step up as a viable option to MNCs seeking lower-cost alternatives. Higher revenue recognition from its property projects has helped SP Setia Bhd turn in a positive report card for the quarter ended 31 July.
Location: Gelang Patah, 柔佛州马来西亚

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