China’s Ambassador Huang Huikang plans to visit 12 developments in Malaysia that have been funded by Chinese cash, reported Sin Chew Daily.
Beginning in March, the Chinese official will tour six states where the projects are located. These developments are in the fields of real estate, manufacturing, finance, education, agriculture, oil refining and nuclear energy.
On Saturday, former Malaysian diplomat Dennis Ignatius posted an opinion piece on Free Malaysia Today that China is anticipated to finance at “least half a trillion ringgit on infrastructure, property development and other projects” in the country in terms of loans, investments and property purchases.
Meanwhile, Huang made a short trip to Muar last weekend to visit Chinese groups in the town. There, he gave a speech Kwong Siew Chinese Association, in which he called on all Malaysians to work together for the nation’s economic development.
Among projects by China’s developers and investors are:
1. R and F Princess Cove Phase 1 Residence, Johor Bahru
Image sourced from The Star
Radin Ghazali, Content Writer at PropertyGuru, edited this story. To contact her about this or other stories email radin@propertyguru.com.my
For more information on new homes, check out PropertyGuru’s New Property Launches and Project Reviews.
