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Malaysian property attracting foreign investors

Article Date : Wednesday, June 20, 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

Malaysia's residential property sector is experiencing growing demand from foreign investors, according to experts.

Speaking at a property seminar, Christopher Boyd, executive chairman of Regroup Associates, said that the country's economic growth was likely to sustain the country's real estate market, the Edge Daily reports.

Meanwhile, Research managing director Datin Adila Lim Ying, said that high consumer confidence in the country and low interest rates were both important factors influencing the country's property market.

"As long as the residential segment has sustainable growth, I view it as a positive if it slows down a bit so that no bubble is created," she remarked.

Bloomberg recently reported that the Malaysia prime minister Abdullah Ahmad Badawi intended to relax its investment rules to encourage greater levels of foreign investment.

The news agency stated that the government recently removed capital gains tax, which had previously been seen as a barrier to overseas investors.
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