Malaysia's national goal is to become a developed nation by 2020, and to double its income over the next 10 years. The population is growing at more than 2% annually, mainly among young people, which means that the population will grow by 20% in 10 years, from 29 million in 2010 to 35 million in 2020. As of 2013, the population is on track to meet the target.
Under these circumstances, domestic consumption in Malaysia has been going strong and this trend is expected to continue for the foreseeable future. In addition, local people are highly interested in foreign culture and cuisine. Foreign distribution companies has been successful in Malaysia.
Compared to China, the rise in labor costs is not as rapid, parts procurement is easier, and Malaysia has an advantage in terms of logistics, making it an ongoing destination for manufacturers.
In the future, we expect to see even more distribution service and other industries moving into Malaysia. One unique industry is the real estate development industry. Mitsui Fudosan (Japan's largest real estate corporations) has embarked on a joint venture with a local development company (E&O) to develop luxury condominiums for wealthy local residents and foreigners. We have been assisting Mitsui Fudosan in their expansion into Malaysia for the past decade. Following it, other real estate development companies are also moved or moving into Malaysia.
It is expected that corporate companies and real estate investment funds that own real estate in Japan will be shifting their real estate assets from Japan to Malaysia in the future. Not only Japan but other international companies will be expanding their assets in Malaysia. In addition to residential properties, investment in office buildings and commercial properties will also increase in the future.
We help foreign companies to enter the Malaysia market with the following services: