BRI catalyst for property sector
Ang Hui Hsien | 06 Apr 2018 00:30
Chinese firms have extensive participation in local infrastructure projects such as Melaka Gateway
With the emergence of China as an econo­mic powerhouse over the past decade, Chinese investments have become much sought-after by other economies – a major turnaround from the country’s former closed-door policy.

China’s Belt and Road Initiative (BRI) has been described as the clearest manifestation of its vision and influence and has directed Chinese investments towards countries through which the routes run. And Malaysia’s property sector will be a key beneficiary of the spinoffs arising from the regional initiative.

Six economic corridors were identified under the BRI, including Southeast Asia, and chairman Georg Chmiel notes one of the two countries within the region that are often brought up in relation to the policy is Malaysia.

“The BRI helps create additional investments in the region, particularly in Malaysia as well as in Thailand and to a certain extent, the Philippines and Indonesia. I believe these countries will benefit the most in the long term from this initiative,” he says.