Take advantage of Malaysia, investors told

Article Date : Wednesday, March 28, 2007

The Malaysian government has been trying to overturn its reputation for not welcoming foreign investors, which was highlighted by the move to abolish capital gains tax on property, one expert has said.

According to Marsha Lu, researcher for Property Frontiers, the move means that capital will start flowing into Malaysia, making it a good time for British property investors to enter the market.

She pointed out that foreign investors can get eighty per cent value on their mortgage, which is a "huge advantage" because in many other Far Eastern countries mortgage ratios remain around 50 or 60 per cent.

"Recently all the analysis and research shows that the Malaysian government has been trying to re-establish their reputation for welcoming foreign investment," she commented.

Ms Lu said she was confident that British investors can make a significant return on their investments for at least two years.

"If investors are keen on Asia, then don't miss Malaysia ? it's definitely a very good option."

Malaysia will scrap capital gains tax on property from April 1st, a move that will inject "excitement" and "dynamism" in the sector, according to prime minister Abdullah Ahmad Badawi.

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Take advantage of Malaysia, investors told

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