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Tuesday, October 11, 2011

VI Properties woos Malaysians to Canadian real estate

KUALA LUMPUR: Vision International Properties (VI Properties), a real estate investment group, aims to sell up to RM80 million worth of its properties in Canada within a year of opening its office in Malaysia.

A spokesman said the firm is confident of achieving the target in view of overwhelming demand for its properties in Canada from buyers and investors in the Asia Pacific region.

"The minimum investment starts from RM500,000 and after four months in Malaysia, we have sold every single unit of our first project, called the Royal Oaks Manor. We only have two units left for our second project, known as Foxbend Manor in Lethbridge.

"Looking at these developments, we are confident that the target can be achieved," the spokesman told Business Times.

VI Properties offers ready-built properties with positive and immediate cash-flow, whereby investors will receive individual title to their property immediately upon purchase.

"We only market residential properties with proven good track record in tenancy rate and high rental yields. Our properties are already rented, ensuring that investors receive returns from day one. We provide a hassle-free full-service property management programme, hence investors get paid every month.

"Investors can obtain a loan of up to 80 per cent of the purchase price at interest rates from as low as 2.35 per cent through the company's cooperation with HSBC Premier and TD Bank in Canada," the spokesman said.

The spokesman added that VI Properties concentrates on residential properties in Alberta, Canada where the "Silent Oil Boom" is located.

On why an office in Malaysia, the spokesman said the company sees the potential of having Kuala Lumpur as its hub for business expansion in Asia Pacific.

"Due to the economic slowdown in the US, Europe and the Middle East, VI Properties sees the opportunity to establish and expand the company's business in the Far East or Asia Pacific." the spokesman said.

To date, the firm has concluded 12 real estate investment projects across Canada.

By Business Times

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