Institutional funds invest in properties overseas to diversify portfolio

INSTITUTIONAL funds including Employees Provident Fund (EPF), Retirement Fund Inc (KWAP), Lembaga Tabung Haji (LTH) and Permodalan Nasional Bhd (PNB) are on the lookout for viable properties overseas to diversify their portfolio and to take advantage of the strong ringgit.

China Limits Mortgage Loans for People From Overseas, NDRC Says

China will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool prices.

Hua Yang plans overseas expansion

Property developer, Hua Yang Bhd, will explore the overseas market when the company achieves its targeted RM800 million revenue in the next few years, says chief executive officer Ho Wen Yan.

Hua Yang sets target for going overseas

“We hope to grow our revenue to RM800mil by 2018. By then, we will be at a comfortable size and can start looking for opportunities overseas or other high-end segments,” he told Bernama in an interview.

PFC mulls subsidiary for funding coal properties overseas

State-run lender Power Finance Corp is mulling setting up a subsidiary to mainly fund Indian firms for their coal mine purchases abroad.