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Malaysia looks to attract foreign buyers

Article Date : Monday, July 09, 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

Efforts are being made to attract foreign buyers to the Malaysian property market, with the government spearheading a new promotion designed to encourage foreign developers to enter the market.

To this end polices are being implemented that are conducive to the addition of foreign developers in Malaysia with the view of creating favourable economic conditions for future building and infrastructure development.

One expert, Tan Sri Liew Kee Sin, managing director of SP Setia Bhd is confident in the appeal of Malaysia to foreign investors, in light of the government's efforts to attract overseas developers.

"Developers should take the cue from the government’s actions to step up marketing and promotion efforts to capture a bigger share of the global real estate market," he said according to the Malaysia Star.

"The government also needs to accelerate efforts to create a more favourable business climate," he added.

Meanwhile the Malaysian government has outlined plans to make the country an international property hub through collaborative efforts with the private sector.
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