EXPORT CAPABILITIES OF MALAYSIA'S HOUSING DEVELOPERS ...

PRESENT SCENARIOSubprime and credit crisis in the USA in 3Q 2008.Domestically, some Malaysian contractors still reeling from AsianCrisis of a decade ago.Overseas, development projects were affected (e.g. LBS Bina’s projectin Zhuhai).“We are excited about the project but we pulled the breaks as thereis uncertainty in the market place, affecting buyer sentiments. If youwant to go to a place like Vietnam, you have to be prepared and themarket has to be ready. We are ready to launch but we will wait andsee how the market reacts over the next few months.”Lee Liam Chye, Group Chief Executive Officer, 2010Perdana Parkcity Sdn Bhd