Rahim & Co International Bhd, an international property investment consultant, plans to widen its presence in the overseas market by making forays into the ASEAN and Asia-Pacific markets.

Its Executive Chairman, Tan Sri Abdul Rahim Abdul Rahman said the firm was currently looking at Vietnam, Cambodia, China and Hong Kong as their next investment destinations due to their huge population and massive demand for properties.

"Of course, going overseas is not cheap. To open an office in Vietnam probably requires us to spend about RM500,000, while to expand into Hong Kong and Singapore, we may need about US$1 million each.

"All these have got to be taken into consideration. If possible, we want to look for partners (in these countries),? he told Bernama recently.

Abdul Rahim said Rahim & Co planned to open at least two or three new branches overseas in the next five years.