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Last checked at 
26 Jun 2009 09:00
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Date: 26Β JuneΒ 2009
On behalf of: Aseana Properties LimitedΒ ("Aseana" orΒ "the Company")
Embargoed for: 0900hrs
Aseana Properties Limited
Quarterly Investor Update
Aseana Properties Limited (LSE: ASPL), a leading Asian property developer investing in Malaysia and Vietnam, announces that it has today issued a Quarterly Investor Update for the period ended 31 March 2009. Electronic copies of the report can be obtained on its website at the following link:Β http://www.aseanaproperties.com/quarterly.htm
AseanaΒ is listed on theΒ OfficialΒ List of the London Stock Exchange.
Enquiries:
|
Aseana Properties Ltd |
Via Redleaf Communications |
|
Redleaf Communications |
Tel:Β 020Β 7566Β 6700 |
|
Samantha Robbins / Adam Leviton / Kathryn Hurford |
Email:Β aseana@redleafpr.com |
|
Fairfax I.S. PLC |
Tel: 020 7598 5368 |
|
James KingΒ /Β Gillian McCarthy |
Notes to Editors
Ireka Development Management, theΒ DevelopmentΒ ManagerΒ for Aseana Properties Limited, is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which hasΒ overΒ 40 years of experience in construction and property development.
Aseana Properties LimitedΒ typically investsΒ in development projects at pre-construction stage, with a primary focus on locationsΒ within the major cities ofΒ MalaysiaΒ andΒ Vietnam.
InvestmentΒ is made in projects where itΒ is believed there will be a minimum 30% annualised return on equity ("ROE") on investments in Vietnam and a minimum 20% ROE on investments in Malaysia.
No one underlying single asset will account for more than 30% of the gross assets of the Company at the time of investment.
The Directors believe the following factors should provide sustainable growth in the real estate sectors of bothΒ MalaysiaΒ andΒ Vietnam:
An increasing standard of living and urbanisation driven by a burgeoning young and middle class population
Clear Government role in encouraging participation of private sectors in real estate development, as well as encouraging and promoting land and property ownership
Improving availability of mortgages to encourage property ownership
Favoured Foreign Direct Investment (FDI) destinations driving demand for commercial and industrial properties
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