Malaysia has a large number of investors due to the culture of saving in the south-east Asian nation.

According to Angie Ng, deputy editor of the Malaysian Star, the country has one of the highest savings rates in the world, amounting to 32 per cent of the gross national product.

She indicated there are numerous wealthy nationals looking to invest in real estate, and believes that Malaysians are being targeted by developers from locations around the world, including Britain and Australia.

“It is about time developers come up with the right products to attract these high net worth buyers and some of the high-end products will likely make their way to the market next year,” she said.

The residential property sector in the country has been one of the most powerful drivers of the local real estate sector, but there is now growing interest in the commercial property market, she added.

Source: www.propertywire.com

NThe first stage of the Trade Centre Plaza at the Dubai World Trade Centre (DWTC) is due to open in late September...

The plaza will have a number of cafes and restaurants and is situated near a newly opened metro station.

The developer says 30 per cent of the visitors to the DWTC arriving from the station will pass through the plaza.

The space will also be put to a number of other uses.

"It is envisaged that this performance space will be utilised during the DWTC extensive events calendar and also carefully managed to accommodate open air events for the public at all times," the developer stated.

Hilal Saeed Al Merri, chief executive officer of DWTC, added that the number of visitors to its venues has risen during the first half of 2009 and that there has been an increased demand for quality amenities and higher levels of convenience.

The DWTC spans 37 storeys and consists of a convention centre, office properties and serviced apartments.

Source: http://www.propertywire.com/