Chinese Property Firms Go After Prime Assets In Malaysia

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Chinese property firms are the leading contenders in the bid to purchase the French Embassy in Kuala Lumpur, the capital of Malaysia, amid increasing investments by Chinese developers to push into places outside of their home market.

The French Embassy in Kuala Lumpur, located along Jalan Ampang in the city’s Golden Triangle, has been put up for sale after the French government decided to streamline its diplomatic network to save cost.

Chinese buyers have led interest in the bidding process so far, according to U.S. real estate firm CBRE Group, Inc., the sole agent for the auction.

China Money Network

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