Malaysia sees positive impact in real estate JV with Thailand

Malaysia is expecting more developers to start developing real estate in Bangkok following the joint venture partnerships with Thai developers. Malaysian Ambassador to Thailand Datuk Jojie Samuel said they hope to see more of such synergistic collaboration between companies from both countries and even unique Thai concepts going into Malaysia to provide a ‘fresh’ perspective to offerings in Malaysia, together with Malaysian partners. He assured that the government is ready to support and assist developers in their initiatives, ideas, and endeavours that provide a positive impact on the real estate sector in Malaysia and Thailand. Jojie said there is a large group of Thai corporate figures who would like to spur positive forms of cross-border joint ventures or collaboration between Thai and Malaysian companies.