SYDNEY, Aug 15:
Billionaire Lang Walker, founder of one of Australia’s largest closely held developers, said that home prices in Sydney and Melbourne have climbed too much, and he is turning his focus to his investment in Malaysia.
“Sydney is a little too hot at the moment,” Walker, executive chairman of Walker Corp, said in an interview in Singapore yesterday.
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Walker, with A$12 billion (RM35.46 billion) of planned property projects, said he is looking to increase investments in the Johor region in southern Malaysia after putting in about A$2 billion in the Senibong Cove project.
Walker is in talks for further investments in the city of Johor Baru as he bets that demand from neighbouring Singapore will increase.
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