By Romesh Navaratnarajah:
Malaysia is being touted as a hotspot for foreign investors looking for favourable gains, particularly as property prices there are more affordable than other countries in the region such as Singapore and Hong Kong.
A recent report by The Standard highlighted Malaysia’s key attractions, including “prospective economic growth, stable housing market and pleasant living environment”, which helps attract overseas buyers.
Moreover, Malaysia offers stable prices, guaranteed rental yields, high GDP growth and a similar culture.
The capital of Kuala Lumpur has comparatively more relaxed property regulations and affordable living. Property prices here have risen by 15 to 30 percent in the last five years. Rental demand is also strong as more expatriates now live in the capital.
Meanwhile, Penang took up 28 percent of foreign direct investment in 2010 and 2011, credited to the state’s vibrant economy and young population of 1.6 million.
The northern state can also capitalise on its capital George Town, a UNESCO historic city listed by ECA International as the eighth best place to live in Asia.
The report added that “properties in the region have a proven track record...with prices expected to increase steadily over the next four years”.
Malaysia is being touted as a hotspot for foreign investors looking for favourable gains, particularly as property prices there are more affordable than other countries in the region such as Singapore and Hong Kong.
A recent report by The Standard highlighted Malaysia’s key attractions, including “prospective economic growth, stable housing market and pleasant living environment”, which helps attract overseas buyers.
Moreover, Malaysia offers stable prices, guaranteed rental yields, high GDP growth and a similar culture.
The capital of Kuala Lumpur has comparatively more relaxed property regulations and affordable living. Property prices here have risen by 15 to 30 percent in the last five years. Rental demand is also strong as more expatriates now live in the capital.
Meanwhile, Penang took up 28 percent of foreign direct investment in 2010 and 2011, credited to the state’s vibrant economy and young population of 1.6 million.
The northern state can also capitalise on its capital George Town, a UNESCO historic city listed by ECA International as the eighth best place to live in Asia.
The report added that “properties in the region have a proven track record...with prices expected to increase steadily over the next four years”.
No comments:
Post a Comment