Real estate has always been considered one of the most vital sectors in every country’s economy and its growing importance has also made it a strategic investment option not only because of its ability in generating ongoing income sources but also how its value can rise overtime.
Since the decision of investing in particular real-estate projects depends on unpredictable factors such as the state of economy and government stability of a nation, a growing number of developers and investors have looked into building and investing in the most flexible, multi-use real estate projects recently – bringing their ambitions to the relatively calm and stable economies of several developing countries around the world.
Forest City, Malaysia (estimated cost: US$100 billion)
Country Garden Pacific View (CGPW)’s new project, the Forest City in the Iskandar Region of the country is something that investors should look forward to. In fact, the company’s CEO Baiyuan Su expects great things from this smart city, calling it Southeast Asia’s first and the largest multi-use green development project, covering an area of 6-million square meters.
The firm has also partnered with PCCW Global for a world-class, energy-efficient digital infrastructure by building data center solutions that will enable a future-proof digital framework for the green city.
Also included in the developer’s vision are digitized transport and utility management services and integrated communications solutions for its residents and businesses.
Eko Atlantic City, Nigeria (estimated cost: $6 Billion)
Started in 2009, the Eko trans-Atlantic city project was a practical and ambitious response to the region’s demand not only for commercial and residential accommodations but also for its growing tourism and business sector.
Developers have promised state-of-the-art technology, modern water systems and advanced transportation services, and an independent energy source. Eko Atlantic City is already in its advanced stage of development and is considered the best, prime real estate in West Africa.
The project was made possible through the combined efforts of the Lagos state government and several private sectors including South Energyx Nigeria Limited.