KUALA LUMPUR (Aug 24): SHL Consolidated Bhd's joint venture (JV) with Japan-based Marubeni Corp is looking at tapping into Myanmar's affordable housing market, in line with their business venture across the Association of Southeast Asian Nations (Asean) region.

SHL executive director Datuk Seri Yap Chong Lee said the JV planned to leverage areas where Marubeni had a strong presence in. Yap said Myanmar is a potential starting point as Marubeni was already involved in industrial projects there.

"They [Marubeni] are looking at Myanmar," Yap told reporters after SHL's annual general meeting here today.

He said Marubeni was eyeing Myanmar's housing market, and that it "has to be" affordable housing under the build-then-sell system.

In Malaysia, Yap hinted that SHL was looking for land in the Klang Valley, Penang and Melaka for property development.

He did not elaborate. — theedgemarkets.com

For more stories, download TheEdgeProperty.com pullout here for free.

SHARE
SPONSORED CONTENT
M Amaya: Japanese-inspired living on Penang’s seafront

What if a home could be fluid throughout the day, shaped not by man-made structures, but by nature’s caress? This is the language that frames traditional Japanese abodes, where space is never defined by walls alone. Instead, it is shaped by light, shadows, movements, and the moments that unfold within it.

read more
RELATED POSTS
  1. Sevora Residence taps into Penang mainland’s rising potential with spacious residences designed for elevated living
  2. Penang to auction six-acre land to raise funds to complete Ayer Itam bypass
  3. The mainland’s moment: Seberang Perai poised to shape Penang’s next chapter