Malaysia property 'perfect' for Chinese buyers

The largest French governmental asset to be sold outside of France may go to a Chinese buyer, according to land agent CBRE Group.

The French embassy in Kuala Lumpur, Malaysia, has been put up for sale, and Chinese buyers have expressed interest in investing, according to CBRE, the sole agent.

"The French embassy is one of the few opportunities for a large, landmark development in the prime KLCC area. The solid interest we've garnered to date includes multiple Chinese developers, who may be strong contenders for this prime piece of real estate," said Nabeel Hussain, associate director of CBRE Malaysia, on Tuesday.