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'Incredible' value in Malaysia

Article Date : Thursday, July 12, 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

Investors in Asian property should look no further than Malaysia for good value and user-friendly regulation, according to a developer.

Project director for planning and business development at E&O Property Development, Mohd Razeek Hussain, claims that foreign investors are initially attracted by architectural style, tropical weather and scenery but the bottom line is that Malaysian property is well priced.

Speaking to Property Report, he said: "For me, the biggest lure is the value when compared to other countries.

"Where else can you buy a landed property this close to the water at such prices?"

Mr Hussain said an additional bonus was that other areas like Phuket and Bali demand cash up front for the property but in Malaysia only a ten per cent deposit was required.

"The value in Malaysia is incredible, while ownership regulations and access to funds are straightforward," he added.

The Foreign Investment Committee recently relaxed legislation for foreign buyers, suggesting that this would boost the country's potential for property investment from abroad, the Malaysian Star reported recently.
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