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Malaysia is 'back on the radar'

Article Date : Friday, May 18, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Foreign buyers should take a closer look at Malaysia now that it is back on the "investment radar", an expert has said.

Robert Rountree, head of investment marketing at Prudential Asset Management, believes that Malaysia has emerged as a strong contender in the investments market.

He told the Malaysia Star that the possibility of a general election meant that the economy was likely to remain buoyant.

And the likelihood of tax cuts in the next budget, a more welcoming attitude towards overseas investors and redevelopment projects would help to cement the country's appeal.

Meanwhile, Lynn Cheah, the chief investment officer at Prudential Fund Management said that the country's property prospects are strong.

The Malaysian government recently announced new measures to boost investment in the nation's property market.

One of the proposals is to speed up development application approvals from three or five years to six months.
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