Tasweek Ventures with Superboom Projects
Tasweek Real Estate Development and Marketing, an advisor and solutions provider serving the Middle East real estate markets, recently attended the launching of the ‘Name This 280 Million Years Old Rock Contest’ held at the construction site of the upcoming Haven Lakeside Residences in Ipoh, Malaysia.
Tasweek took the opportunity to explore possible ventures with Superboom Projects Sdn Bhd and identify potential Malaysian partnerships as part of its focus on diversifying investments towards untapped growth markets.
The Haven Sdn Bhd, a wholly owned subsidiary of Ipoh-based property developer Superboom Projects, is offering the public a top prize of RM25,000 (Dhs29,241) to name the 14-storey pre-Jurassic limestone rock near the lake of its RM230m (Dhs269m) Haven high-rise condominium project. Haven Lakeside Residences is a luxury residential development in Bukit Tambun, Ipoh It comprises 3 blocks of 489 26-storey units with sizes ranging from 868 to 5,510 square feet. Unit prices are from RM250,000 (Dhs293,101) up to RM1.41 (Dhs1.65m). Haven is scheduled for completion by 2013.
Tasweek was invited along with other exclusive VIP guests from Singapore, China, India, the UK and Japan to join the formal launching of the contest. Ipoh is the most attractive vacation and retirement location in Malaysia and reflects the huge potential of the country’s surging real estate and tourism sectors.
“Our visit to Malaysia revealed several partnership possibilities and provided us with a good overview of prevailing local business conditions. Ipoh proved to be an excellent leisure and retirement market which we hope to partner with in the future. This was an excellent follow-through to our recent meetings with Malaysian financial institutions involved in real estate and affirmed the sustained growth of the country’s property sector, specifically its high-end residential segment which we are very keen on further exploring. Our trip to Malaysia proves the availability of many growth markets that complement our expansion goals,” said Masood Al Awar, CEO, Tasweek Real Estate Development and Marketing.
The real estate industry of Malaysia, the world’s biggest Islamic bond market, has been performing exceptionally well amidst the recession due to the availability of affordable financing, strategic promotions, property-friendly regulations, and the popularity of luxury developments. Tasweek intends to tap the strong fundamentals of the country’s real estate sector as it pursues opportunities within other neighboring emerging economies.
Tasweek Real Estate Development and Marketing is actively engaged in Purchase and Sale of Strategic Assets; Asset Management; Joint Ventures and Strategic Alliances; and Marketing Consultancy. It began commercial activities in 2009 and achieved a 5 per cent increase in shareholders’ equity by the end of the year. Tasweek has more than 20 years of extensive experience in the Mena real estate sector and employs a financing model combining timeliness, cost, and quality.
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Category: Press
