Global property consultancy JLL has acquired the international residential project sales business of Henry Butcher, a Malaysian-based property advisory headed by Jazmine Goh.
The firm is a leading force in sales of overseas properties to Malaysian investors and was already working closely with JLL for several years.
According to a statement, the 13-strong team at Henry Butcher will join the 17-strong Malaysian business of JLL, managed by Country Head YY Lau, and will shift into JLL’s new offices in the KL Sentral area.
Responding, Goh said: “Joining JLL means that we will be able to provide our clients with access to more global investment locations, as well as provide them with market leading intelligence. This is the beginning of a wonderful and exciting chapter and we look forward to sharing it with all our clients.”
This announcement comes amid the high levels of wealth and savings in Malaysia which are driving investors to look overseas.
While Malaysian investors have long been buyers of Singapore homes, the cooling measures in the city-state have opened up opportunities elsewhere. Malaysians are now investing in global locations like the UK, Japan and Australia.
JLL expects this trend to continue, as wealth across Asia continues to grow, and investors become more comfortable investing abroad.
Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
