AVERAGE PRICE OF CITY APARTMENTS IN MALAYSIA SECOND LOWEST IN REGION

KUALA LUMPUR, Nov 23 (Bernama) -- The average price of city apartments in
Malaysia is the second lowest compared with other countries in the region.

In a statement here today, Global Property Guide (GPG) said according to its
research, only Indonesia offered city apartments that were priced lower than
those in Malaysia.

"In comparison, the average price of city apartments in Singapore is almost
eight times more than in Malaysia, beating even Australian prices, which are
almost five times higher more than Malaysian city apartments.

"Other countries surveyed included Philippines, Cambodia and Thailand, where
high-rise residential properties in the city cost more than Malaysia," it said.

The statement said GPG has developed the world's only global rental yields
database to support a fundamental investor perspective and developed the world
first global transactions costs database, said GPG founder/publisher, Matthew
Montagu-Pollock.

"International property buying is here big time. Yet people often don't get
the information they need," he said.

Montagu-Pollock will be here to address an international property seminar
entitled 'Property Market Outlook' organised by Iskandar Associates from Nov
29-31.

He will be sharing his views with participants on the property market
outlook for Asia in 2011.

Other speakers include Dr Mohammad Daud Bakar, founder and managing director
of Amanie Islamic Finance Consultancy and Education and Hentry Butcher Malaysia
(Penang) Sdn Bhd director, Dr Teoh Poh Huat.

-- BERNAMA