Real Estate & Investment News in Malaysia from Propertyshowrooms.com

Positive outlook for Malaysian property market

Wed, 25 Apr 2012 00:00:00 GMT

There are many reasons for investors to be optimistic about the prospects of Malaysia's real estate sector.

Writing for The Star Online, managing director of SDB Properties Teh Lip Kim explained the country's housing market is "still relatively underpriced" in comparison to other south-east Asian nations like Singapore, Indonesia and Hong Kong.

He added property prices in Malaysia are likely to continue to rise, despite the government discussing measures to slow growth down.

One proposal is to increase the minimum amount foreigners have to spend in order to buy real estate in the country - this currently stands at RM500,000 (£101,093), but could climb to RM1 million.

However, the expert pointed out this is likely to have little impact, as the majority of transactions conducted by overseas purchasers are already over the RM1 million threshold.

When the suggestion of raising the minimum purchase price for foreign buyers was first made earlier this month, an anonymous source told the press the rate may vary between Malaysia's regions, citing the Iskandar Malaysia economic corridor in the state of Johor as one location where this figure could be reduced to RM800,000.

Penang 'attracting property investors'

Tue, 3 Apr 2012 00:00:00 GMT

Penang is proving to be a popular destination with real estate investors looking for a property in Malaysia.

Chairman of the Real Estate and Housing Developers Association (Rehda) Penang Datuk Jerry Chan Fook Sing highlighted the north-western state's strong performance at the Malaysia Property Exposition Penang (MAPEX), The Sun Daily reported.

"Astute local and foreign real estate investors have complemented Penang's progress in offering not just some of the most attractive product designs, but developments at attractive prices," he stated.

Mr Chan anticipated transactions worth between RM30 million (£6.14 million) and RM40 million would be concluded during MAPEX, which ran between March 23rd and 25th.

Earlier this month, senior manager of Henry Butcher Malaysia Fook Tone Huat predicted the value of mid-market properties in Penang would rise by the end of 2012.

He told Bernama strong demand for homes costing less than RM400,000 will boost the state's housing sector, adding that properties in the medium price bracket are "recession proof".

Malaysia 'a good option' for a long-term property investment

Wed, 15 Feb 2012 00:00:00 GMT

Buying a property in Malaysia could be a good long-term investment for those with money to enter the country's real estate sector.

This is the opinion of Nixon Paul, president of the Malaysia Institute of Estate Agents (MIEA), who told the Malaysia Star Online that the country's real estate market compares favourably to other destinations in the area.

"We are one of the cheapest in the region and if you are looking to invest over the long term, say ten years, now is a good time to get into the condominium market. Over the next decade, prices will appreciate," he stated.

However, Mr Paul cautioned investors relying on rental income that they may find it difficult to cover the cost of a loan due to the current oversupply of condominiums.

At the beginning of March, MIEA will host its annual real estate convention, which this year will have the theme: Property Investment, the Way Forward.

Speaking to the publication earlier this month, Mr Paul explained the topic had been chosen because buying and selling investment property is becoming an increasingly important aspect of real estate agents' jobs.

Luxury property prices in Kuala Lumpur fall

Thu, 2 Feb 2012 00:00:00 GMT

The value of prime residential property in Kuala Lumpur in Malaysia fell by 5.6 per cent over the course of 2011.

In the latest Knight Frank Prime Global Cities Index, the city was ranked 20th out of 23 locations surveyed based on the annual decline in real estate prices.

However, the data indicates this downward trend in Kuala Lumpur is beginning to slow, with such assets shedding just 0.6 per cent of their value during the final quarter of last year.

Kate Everett-Allen, of Knight Frank's international residential research team, explained prime property markets around the world continued to outperform their mainstream counterparts, despite seeing prices slide over the last 12 months.

She added any climb in real estate values experienced in 2012 will be bolstered by a "flight of capital from troubled world regions", coupled with a desire among investors to expand their property portfolios rather than focus on other asset classes.

A report published last month by the Real Estate Housing Developers' Association Malaysia found increasing optimism among the nation's house builders, with 74 per cent of those questioned expecting prices of homes to rise this year.

Malaysia promoted as investment hotspot

Mon, 19 Dec 2011 00:00:00 GMT

Government agency Malaysia Property Inc (MPI) has been promoting the nation as a top destination for real estate investment at global events.

Bernama, the Malaysian National News Agency, reported the organisation's attendance at the MIPIM Asia 2011 event in Hong Kong last month was successful.

Speaking to the news provider, chief executive officer of the body Kumar Tharmalingam explained this is the first of several such exhibitions the agency will be going to.

"Malaysia was given prominent feature as a real estate investment destination, with an opportunity to profile participating Malaysian companies and their track record in the region," he stated.

The aim is to attract more foreign investment in the Malaysian property sector, Mr Tharmalingam added.

In the latest Knight Frank Global House Price Index, the country was ranked 11th, recording an annual increase of 6.6 per cent in the value of residential real estate during the third quarter of this year.

Kuala Lumpur 'may see downturn in apartment demand'

Wed, 9 Nov 2011 00:00:00 GMT

Demand for luxury apartments in the Malaysian city of Kuala Lumpur is expected to fall over the coming year, a new study suggests.

The Malaysia Star reported on the predictions by DTZ Research, which were published in its Property Times market analysis, and revealed that the high-end residential sector in the city is likely to suffer from an influx of new supply.

According to the organisation, a raft of projects either at or nearing completion will put pressure on the market.

DTZ noted that around 5,384 units are due to go on the market in 2012, with more than 2,000 new apartments put up for sale during the third quarter of this year.

The news provider quoted the report as saying: "The residential sector experienced significant completions in the quarter and this will put pressure on rentals, especially in the larger prime condominium units where demand has not kept pace."

Last month, the Business Standard revealed that the country's government is targeting Indian investors in an attempt to encourage them to invest in the Malaysian real estate market.

Malaysia real estate attracting overseas investors

Mon, 3 Oct 2011 00:00:00 GMT

Real estate in Malaysia is proving popular with investors from overseas, particularly those hailing from the Middle East, new research shows.

Propertywire reported on a study by IP Global, which revealed that the amount of funds from Middle Eastern investors being ploughed into property developments in Malaysia increased by 11.4 per cent during the third quarter of 2011, compared to the same period a year earlier.

Meanwhile, Kuala Lumpur was singled out as a hotspot in the market due to the 11.4 per cent annual growth recorded in IP Global's house index.

Founder and managing director of the organisation Tim Murphy told the publication: "Malaysia is a sensible market and tends to perform more steadily than the rest of Asia."

He noted that tight regulation prevents investors from buying and selling quickly, thereby avoiding "a boom and bust scenario".

Earlier this month, Knight Frank released data showing that the global housing market is at its weakest point since 2009, although Asia continued to outperform other regions, registering year-on-year price growth of eight per cent during the second quarter of this year.

Malaysian retail property 'on the up'

Tue, 16 Aug 2011 00:00:00 GMT

Values of Malaysian real estate in the retail sector are being pushed higher by investor interest, it has been noted.

Speaking to Business Times, CB Richard Ellis (CBRE) Malaysia managing director Alan Soo explained that there is a "strong appetite" for assets such as shopping malls among foreign and domestic investors.

He told the publication that yields in Malaysia currently stand at between six and seven per cent, which is almost double what is available in some of the other markets in south-east Asia.

Mr Soo also pointed out that many real estate investment trusts and funds are "finding the growth potential here compelling".

Earlier this month, Jones Lang LaSalle published a report into the Asia Pacific office markets and found that such properties in Kuala Lumpur had experienced year-on-year declines in both capital values and rents during the second quarter of 2011. Overall, average real estate prices in the city centre fell by 0.9 per cent over this period.

Malaysia 'a popular choice' among Singaporean investors

Wed, 3 Aug 2011 00:00:00 GMT

Investors in Singapore are increasingly turning to the Malaysian property market because real estate in their own country is considered too expensive.

This is the finding of a survey released by Property Guru, which discovered that 37 per cent of respondents are investing in housing in neighbouring Malaysia, making it the most popular foreign nation among Singaporeans looking for somewhere to buy real estate.

Furthermore, some 45 per cent of those questioned said they would consider purchasing a property outside the country.

Commenting on the data, director of Singapore Tenancy Management Tom O'Reilly told Channelnewsasia.com that people can afford to buy several houses or flats in Malaysia for the same amount of money as just one in Singapore.

"Malaysia as a country has extremely strong fundamentals and the property market in Malaysia tends to be a lot less volatile than Singapore," he stated.

Mr O'Reilly added that being able to purchase multiple assets allows investors to "diversify risk but also still generate a positive return".

Malaysian residential properties 'have prospect for growth'

Mon, 27 Jun 2011 00:00:00 GMT

The Malaysian property market has the chance for growth, one investment expert from the region has claimed.

Speaking to the Malaysian National News Agency Bernama, John Saunders, chief executive officer of MGPA Asia, stated that residential property in the country is "realistically priced" when compared to other locations in the region.

He went on to add that as a result, there is the chance for the value of properties to "appreciate further".

Mr Saunders noted that investors are increasingly looking to buy an older building in a prime location, refurbish it and then sell it for a profit, because this has become more economical than acquiring a new development.

According to the recently released Knight Frank Global Property Index, the Malaysian residential market has seen values rise 6.4 per cent in a year, with prices registering growth of 1.4 per cent in the past six months.

The country ranked tenth in the list of 50 nations compiled by the organisation, with six other locations in the Asia-Pacific region also experiencing rising house prices.

Malaysian market boosted by residential sales

Wed, 27 Apr 2011 00:00:00 GMT

The Malaysian property market was boosted by an increase in residential sales over the course of 2010, with them making up 60.2 per cent of the total volume.

According to the country's Property Market Report 2010, 226,874 residential property transactions worth RM 50.65 billion (£10 billion) were recorded last year.

The report noted that the country's market grew by more than 15 per cent in the first half of 2010, by 8.5 per cent in the third quarter and 4.8 per cent in the final three months of the year.

In particular, terraced houses are the most sought-after house type in Malaysia representing 36.3 per cent of transactions, followed by condominiums or apartments and low-cost houses.

"The market slowed down as construction activity in the residential sub-sector showed the 'cautious behaviour' of developers," says the report.

It follows comments made by Nick Mar, chief executive of Homesgofast.com, who claimed that Malaysia boasts one of the best foreign property markets at present, along with Turkey, Spain and Brazil.

Malaysian property prices to rise in 2011

Thu, 31 Mar 2011 00:00:00 GMT

Residential values in parts of Malaysia are expected to rise in 2011, albeit at a slower pace than in previous years.

This is according to real estate services company CH Williams Tahir & Wong, which noted that prices in the Klang Valley, Penang and Johor will remain on their upward trend.

The company's managing director Foo Gee Jen said this year's growth in the prime areas is projected to be between ten and 15 per cent, an article by Property Report revealed.

With prices expected to rise in the coming years, property in Malaysia offers some excellent opportunities for foreign buyers and investors.

Investor speculation in the Malaysian market has been triggered by fears of property bubble forming as a result of the government's decision to introduce a maximum lending limit of 70 per cent for third house financing.

"The government announcement to lower the cap on the loan-to-value ratio for third house financing gave a bit of psychological effect on people," Mr Jen said.

Strong house price growth seen in Malaysia

Fri, 25 Feb 2011 00:00:00 GMT

Economic recovery in Malaysia combined with political stability in the country helped to contribute to the strongest house price growth since 2000, it has been claimed.

Property Report has revealed that the national house price index in Malaysia rose 6.2 per cent year-on-year during quarter three 2010.

This is in addition to annual increases on 6.2 per cent and 5.7 per cent in quarter two and quarter one respectively.

"Part of the keen growth in the real estate sector has certainly been encouraged also by the governments' retreat from a plan to re-impose five per cent capital gains tax, first abolished in 2007 and then touted again in 2009," the news provider explained.

Meanwhile, Knight Frank has claimed that stability and affordability combined with the creation of new jobs means that an increasing number of investors are looking to buy property in Malaysia.

The organisation has forecast a jump in the number of buyers as a result of ex-pats and investors moving to the country to work for the new Economic Transformation Programme.

Asia Pacific 'leading global real estate recovery'

Mon, 16 Aug 2010 00:00:00 GMT

The Asia Pacific region is leading the global property market recovery, which could be good news for anyone interested in property in Malaysia.

According to the second quarter International Residential Review from Chesterton Humberts, an increase in high worth individuals has helped fuel recovery in the region, particularly in Singapore, Malaysia and China.

"Disparities in the performance of global residential markets remain apparent in the post-recession era. The star performers are in the Asia Pacific region while recovery in Europe and North America is more laboured with transaction volumes remaining well below pre-recession levels," said Andrew Hawkins, head of international at Chesteron Humberts.

He added that appetite for prime residential property both for lifestyle and investment reasons remains "firm".

Earlier this year, Property Abroad stated that Malaysia's property market could benefit from the nation's strong tourism industry and the fact that its economy is recovering at a quicker pace than many other countries.

Long-term investors in the UK enjoying low interest rates

Mon, 22 Mar 2010 00:00:00 GMT

Long-term property investors in the UK are benefiting from conditions caused by the financial downturn, it has been claimed.

The news comes after it was revealed that many new landlords were struggling to cope with their new purchases.

Mark Garner, managing director at LettingZone, explained that long-term investors were enjoying the current situation.

"For existing professional landlords, it has never been better because interest rates are at an all-time low so with the property you bought a while ago, the cash flow is looking really good," he said.

However, Mr Garner did concede that many new landlords who entered the rental market within the last three years, were struggling because of the global economic crisis.

Earlier this week, LSL Property Services reported that on average rents rose by 0.3 per cent in February 2010, an increase of 3.2 per cent compared to last year.

The rental company stated that based on current performance, investors looking to buy-to-let could return an average of 8.5 per cent on their properties over the coming 12 months.

Malaysian government are helping make the country an attractive investment prospect

Mon, 8 Feb 2010 00:00:00 GMT

The Malaysian government's keenness to attract foreign property buyers is helping to make the country an attractive investment prospect for many, it has been reported.

According to UK property website Prime Location, recently Malaysia has been drawing a "steady stream" of British buyers looking for retirement, investment and holiday homes.

Government initiatives such as the Malaysian My Second Home Visa programme and the lack of capital gains tax when selling a property have made it a good investment prospect, the website reports.

Meanwhile, news has emerged that the Foreign Investment Committee is making plans for a deregulation of investment guidelines to make it easier for overseas purchasers.

Malaysia has plenty of natural appeal, with large forests, a warm climate and unspoiled beaches.

It is also one of south-east Asia's most developed countries, boasting rapid economic growth in recent years.

Homesgofast.com has put the country in its top ten places for overseas investment in 2010.

Malaysian government has 'favourable' view towards investment

Thu, 14 Jan 2010 00:00:00 GMT

The Malaysian government's decision to limit the reintroduction of capital gains tax (RPGT) on real estate is indicative of the favourable view it holds towards property investment, it has been claimed.

Malaysia's Property Investment Organisation (MPI) has voiced its approval over the new plans.

The move means that the only properties that will now be taxed are ones sold in under five years of their original purchase date.

In an interview with the Overseas Property Professional website an MPI spokesperson said that they were pleased that the government had taken on board feedback given to them from within the industry.

"This policy still reflects the government's pro-investment [position] and yet would safeguard the Malaysian property industry against speculation. As serious property investors usually take a longer view of their investment horizon, the amendment to the RPGT would appeal to this target group of investors for the industry," he said to the property website.

Last year Property Abroad reported that Datuk Seri Kong Cho Ha, the housing and local government minister, had expressed optimism about the near future as the Malaysian economy improves.

Eastern growth 'set to boost Malaysian property'

Sat, 10 Oct 2009 00:00:00 GMT

The economic and population growth of Asia is set to drive property values upwards in Malaysia in the years ahead, it has been predicted.

Writing in the Kuala Lumpur-based Star Online, chairman of Regroup Associates Christopher Boyd stated that in view of the large increases in both people and economic output to come from India and China, Malaysia will benefit from its geographical proximity.

"Malaysia, as an under-populated resource-rich country, will become increasingly attractive", he suggested, arguing that property prices will rise as large-scale immigration comes in the form of increasingly educated and affluent workers from other Asian countries.

A three-bedroom bungalow within one hour's drive of Kuala Lumpur can be bought for RM250,000 (GBP46,000), Mr Boyd stated, while plots in rural areas are also available at bargain prices.

In August of this year, developers Eastern & Oriental said the market was holding up well in the country, despite the world economic climate.

Malaysia real estate investment 'value for money'

Wed, 1 Jul 2009 00:00:00 GMT

Malaysia real estate investment offers Britons good value for money because of a favourable exchange rate between the ringgit and the pound.

This is the claim of a new article on the Choices website, which states that an increasing number of opportunities are opening up in the country in light of the price and its popularity as a holiday destination.

"At today's rate of 5.85 Malaysian ringitts to the British pound, Malaysia represents excellent value for both the holidaymaker and the property investor," the piece says.

In addition, it notes that properties of equivalent value are generally of better quality in Malaysia than in Europe, while the government has introduced tax breaks to incite investors.

Further announcements regarding the liberalisation of regulations surrounding foreign property ownership in the country are expected to be made by prime minister Datuk Seri Najib Tun Razak at the Invest Malaysia 2009 conference this week, according to the Star Online.

Malaysia market 'still attracting investors'

Fri, 12 Dec 2008 00:00:00 GMT

Overseas investment in the Malaysian property market is remaining strong despite the current economic climate, it has been suggested.

Chief executive officer of TH Properties Zaharuddin Saidon made the claim at the launch of a new property organisation in the country, The Edge Daily reports.

Speaking at the event, Mr Saidon was quoted as stating that despite some investors reconsidering their position due to the credit crunch, many are still choosing to purchase property in the country.

"This [the foreign participation] will be in high-end [residential properties]," he remarked, adding that the relative safety of the Malaysian property market is attracting cash-rich investors.

Buyers who have yet to decide about making a purchase in the country and are looking for reassurance that the location is still a viable option for investment may welcome the news.

TH Properties has been operating in the real estate market for over 22 years and is currently developing a new flagship project, @enstek, which is located nearby to Kuala Lumpur city centre.

MIPIM Asia: Kuala Lumpur project is attracting international buyers

Wed, 19 Nov 2008 00:00:00 GMT

International buyers are playing a key role in the early growth of Kenny Heights, an 88-acre site which hopes to develop as a Beverly Hills-like suburb of Kuala Lumpur. Since the first phase of the development went on sale in April—49 villas designed by Kengo Kuma, priced between $1.3 million and $1.6 million (RM 4.6 million-RM...

Expats make Malaysia their secure haven

Tue, 23 Sep 2008 00:00:00 GMT

Paul Tyminski went to school in Penang in 1962 He has been in Malaysia since July last year under the Malaysia My Second Home (MM2H) programme. "I went to school here in 1962 when my parents lived in...

Malaysians top foreign home buyers in Singapore

Thu, 11 Sep 2008 00:00:00 GMT

Singapore - Malaysians overtook Indonesians as the top foreign buyers of private homes in Singapore in the second quarter, a property consultancy said Thursday. According to DTZ, Malaysians accounted...

UEM Land plans housing project in Cyberjaya

Wed, 10 Sep 2008 00:00:00 GMT

Growing demand for medium-cost residential units here has attracted more developers to undertake property projects in the township...

Malaysian property market slowing as developers warn of soaring costs

Wed, 23 Jul 2008 00:00:00 GMT

Buyers in Malaysia are facing rising prices because of soaring construction costs, it is claimed...

Malaysian Property Market Not Immune to Global Situation

Tue, 1 Jul 2008 00:00:00 GMT

Despite the continued strength of the Malaysian economy which is predicted to enjoy growth in the region of 5.8% this year, and the popularity of the nation as a business hub in the still affluent Asian region, the recent ‘United Nations Economic and Social Survey of Asia and the Pacific’ report highlights the fact that the Malaysian property market is not immune to the global financial situation. Whilst Malaysia is relatively well positioned to survive any pending global economic slowdown in many sectors of its economy thanks to the fact that it is an oil exporter and has managed to diversify its export base to include emerging markets, real estate is one area of the economy that could well be hit hard.

Mixed Messages About Investment Property in Malaysia

Tue, 1 Jul 2008 00:00:00 GMT

Malaysia is a hard one to call – on the one hand you have undeniable evidence that the mid-high end in the residential sector is doing very well, and on the other hand you have inflationary pressures impacting local affordability and demand. On top of this, analysts and experts on the real estate market in this Asian nation are all delivering mixed messages about investment property in Malaysia. We thought we’d try and bring you a bit of clarity – although we’re quite confused too! We’re certain of Malaysia’s immediate appeal, we are certain of Malaysia’s strong tourism sector and we’re also certain that the nation’s government is committed to keeping the foreign investment environment as healthy as possible. But is this enough to ensure a healthy landscape for property investors in Malaysia over the medium to longer term?

Malaysia offers investment opportunities

Wed, 2 Apr 2008 00:00:00 GMT

Overseas property investors could find Malaysia a potentially lucrative market, according to a media report.

Forbes has included the Asian country in its list of nations that could offer favourable investment conditions during the ongoing global economic slowdown.

Malaysia's economy was praised for being one of the fastest-growing in the region, as well as having low consumer prices and low inflation.

This means that many people in the country are enjoying a reduced cost of living and increased amounts of disposable income.

As a result, there will be growing demand for high-quality housing in the most desirable areas.

Forbes commented: "Although the worldwide real estate market is softening as credit reservoirs dry, some spots are poised for growth."

This comes after Amberlamb stated that the Malaysian economy is likely to see growth of 5.8 per cent this year.

Prospective buyers were also told that Malaysia offers a number of other attractions, including a robust housing market.

Malaysia recommended to property investors

Tue, 1 Apr 2008 00:00:00 GMT

People who want to invest in a long-haul destination have been advised to consider the Malaysian property market.

The Asian country was recommended by independent analyst Amberlamb, which said its economy is currently very strong.

According to the organisation, it is likely to build on this positive performance and enjoy economic growth of 5.8 per cent this year.

Property investment buyers were also told that Malaysia offers a number of other attractions, including a robust housing market.

Amberlamb commented: "It's an incredibly strong stand alone market with excellent levels of local demand and affordability."

The group added that government is actively aiming to attracting foreign property buyers by offering a favourable tax regime, benefits and rights.

Furthermore, it said Malaysia is becoming increasingly popular among international holidaymakers, which means it offers the potential to generate good rental returns.

According to the Association of International Property Professionals, British investors spent £24 billion on foreign property last year.

Malaysia "best place to invest" in south-east Asia

Tue, 21 Aug 2007 00:00:00 GMT

Malaysia offers overseas property buyers the best investment opportunities, according to one expert.

Marsha Lu, head of the legal, diligence and compliance department at Property Frontiers, claimed that while Malaysia has not been as popular as Thailand in the past, the latter has experienced political instability recently.

Arguing that Malaysia is presently "the best place to invest", Ms Lu said that the country has recovered well from the Far East financial crisis in the 1990s, compared with many other states in the region.

"From an investment environment point of view, the government's very welcoming for investors," Ms Lu stated.

The government has abolished capital gains tax, which is expected to make a "huge difference" for investors, she added.

Tan Sri Liew Kee Sin, managing director of SP Sertia, recently told the Malaysia Star that the country's government should do more to create a "favourable" business climate.

'Incredible' value in Malaysia

Thu, 12 Jul 2007 00:00:00 GMT

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.

Malaysia to become property "hub"

Mon, 2 Jul 2007 00:00:00 GMT

Malaysia is on track to become a property hub in the coming future following the implementation of government plans designed to make the country an international property location.

Through a unique public/private sector initiative the Malaysian government will work to promote the country as a high-profile international property hub, inviting investors to channel funds into the property market at large.

Highlighting low property prices in Malaysia in comparison to destinations such as London for example, Datuk Seri Effendi Norwawi, minister in the prime minister's department, asserts that there are attractive opportunities in Malaysia.

"The idea is to make Malaysia a destination for foreigners to buy properties," he told StarBiz.

"Property prices here are so much cheaper than in places such as London and Singapore.

"We should show that we have real value for money.''

Experts at Regroup Associates state that there is increased foreign interest in the Malaysian property market from investors in Asia, Australia and Europe, with high demand for commercial as well as residential accommodation, reports The Edge Daily.

Singapore exchange launches Reits in Malaysian property

Fri, 29 Jun 2007 00:00:00 GMT

The Singapore exchange is believed to be seeking real estate investment trust (Reits) listings for products that could include Malaysian properties.

According to the Times, the Singapore Reit market has grown to be worth approximately £7 billion in recent years.

Alastair Gillespie, co-head of Asian real estate research at UBS, told the newspaper that the "liquidity" within the country's Reits market could see Singapore become an important investment centre.

"It could quite quickly begin to attract Reits where the underlying assets are based in India, Indonesia, Vietnam, Malaysia and China," he said.

In related news, Christopher Boyd, executive chairman of Regroup Associates, recently said that Malaysia's rapid economic growth would be able to sustain its property market, the Edge Daily reports.

Additionally, the government removed capital gains tax earlier in the year, a move which could attract a greater number of foreign property investors.

Malaysian property attracting foreign investors

Wed, 20 Jun 2007 00:00:00 GMT

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.

Malaysian government to change investment rules

Fri, 15 Jun 2007 00:00:00 GMT

Foreign investors are to be tempted to Malaysia by a relaxation of its strict rules, Prime Minister Abdullah Ahmad Badawi has said.

Depending on the success of moves to redevelop the southern state of Johor, which is seeking billions of dollars of investment from abroad, the prime minister commented that there was a possibility it could be repeated across the country, reports Bloomberg.

Johor, which is already one of the most developed states in the country, is looking at a two-decade plan of improvements.

According to the news agency, the government scrapped capital gains tax on property that was prohibitive to foreign investors earlier this year, enabling them to take out more than three mortgages from local lenders, while also offering new tax incentives.

In related news, Fidelity International recently claimed that the Malaysian commercial property market had benefited from greater urbanisation and industrialisation in recent years, reports Easier.

The firm noted that such trends had resulted in demand for commercial space increasing.

Malaysian market has 'scope for high-end properties'

Mon, 11 Jun 2007 00:00:00 GMT

The Malaysian state of Sabah could offer a number of opportunities for foreign investors, with demand for high-end properties expected to increase, it has been claimed.

One of the country's most popular tourist destinations, the state has the potential to draw a number of foreign investors, the Malaysia Star reports.

Lai Voon Hon, executive director of development firm Ireka, said: "If Sabah can continue to attract foreigners and Malaysians from the peninsula to set up their second homes in the state, there will be scope for high-end homes and apartments,"

There are presently a number of Japanese, South Korean and Taiwanese investors who have entered the market, while the government is actively promoting the country as a place to purchase second homes, he added.

Deputy tourism minister Datuk Donald Lim Siang Chai recently said that the country's travel agencies and property developers need to consider how the Malaysian property market can attract more visitors to the region, Bernama reports.

'Malaysia is working hard to appeal to investors'

Fri, 25 May 2007 00:00:00 GMT

Malaysia is a good place for those hoping to expand their property portfolio outside of Europe because it is actively trying to appeal to investors.

This is the view of Buy Association's homes and property editor Kate Hamilton, who said that Malaysia is "really encouraging investment" from overseas investors.

She cites the 'Malaysia my second home' (MM2H) scheme as an example.

This is an initiative designed to attract investors from the UK and the US to buy a property in Malaysia in return for tax breaks.

However, investors are forbidden to lease their property or conduct any form of business from the premises.

Other measures taken by the Malaysian government to boost investment in the country's property sector include speeding up approvals for development applications from three or five years to six months.

The Times of India recently reported that hundreds of Indians have participated in the MM2H scheme.

In fact, the Malaysian tourism board has revealed that 279,000 Indians visited Malaysia in 2006, with 400,000 expected to come this year.

Malaysia is 'back on the radar'

Fri, 18 May 2007 00:00:00 GMT

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.

Indians flocking to Malaysia as tourism booms

Wed, 2 May 2007 00:00:00 GMT

Tourists from the second most popular populous country in the world, India, are flocking to Malaysia, according to a leading international newspaper.

The Malaysian tourism board has revealed that 279,000 Indians visited Malaysia in 2006, with 400,000 expected to come this year ? making it a good place for UK investors to cash in on the country's booming holiday trade.

In fact, hundreds of Indians have participated in a scheme called 'Malaysia my second home', whereby tourists are allowed to invest into the country's real estate market.

However, they are forbidden to lease their property or conduct any form of business from the premises, reports the Times of India.

According to tourism director Arif Mohammed Noor, tourism is the second largest contributor to Malaysia' economy.

"Given the large disposable income of people in India and the growing urge of a holiday destination, we are confident that the response from India will be tremendous," stated Mr Noor.

The Malaysian government recently announced new measures in order to boost investment in the country's property sector. One of the strategies is to speed up approvals for development applications from three or five years to six months.

Act now to benefit from strong pound, investors told

Thu, 19 Apr 2007 00:00:00 GMT

With the pound now at 2 USD level for first time in 15 years, British investors planning to buy property in countries where the dollar is the currency of choice should seek advice on how best to take advantage of the exchange rate.

This is the view of HiFX, which said that emerging hotspots, such as Malaysia and Brazil, are set benefit from the strong pound when it comes to property investment.

Sterling is now at its highest level against the US dollar since September 1992 and is currently about 20 per cent above its 20-year average of 1.65 USD.

Mark Bodega, marketing director at HiFX, said: "People looking to buy property in the USA, Caribbean, China Malaysia, Belize and a whole host of other emerging markets, should also look at financing their purchase now.

"For those planning to take the plunge and buy in a dollar country, now is a fantastic time to get the most for your money."

However, he urged property investors to consider securing their currency by locking the rate in a forward contract. In effect, this means buying the currency now and paying for it later.

This is particularly handy if the property purchase takes two or three months to complete, during which the currency could fluctuate, he added.

Although the pound hit 2 USD in 1992, it was only for a short period. The last time the pound traded consistently above 2 USD was in 1975.

Malaysia announces property investment measures

Wed, 18 Apr 2007 00:00:00 GMT

The Malaysian government has announced new measures in order to boost investment in the country's property sector.

One of the strategies is to speed up approvals for development applications from three or five years to six months.

Prime minister Abdullah Ahmad Badawi said that shortening the timeframe will have a positive impact on the construction industry and investors, who want less bureaucracy and fewer hidden costs.

"Today's initiatives will also contribute to improving the performance of the property and construction sectors," he stated.

"If the services that are provided can be sped at the local council level, more than 70 per cent of the complaints from investors, businessmen, consumers and the public concerning the public sector will be answered," he said.

Another measure is to only allow finished properties to be sold to investors, so that the risk of incomplete developments does not present a financial risk to foreign buyers.

Earlier this month, Malaysia scrapped capital gains tax on all property deals in an attempt to "inject more excitement and dynamism" into the market.

Malaysia 'better choice than Thailand'

Thu, 29 Mar 2007 00:00:00 GMT

British property buyers considering investing in south-east Asia might find they are better off choosing Malaysia rather than Thailand.

This is the view of Marsha Lu, from Property Frontiers, who said that because of political instability in Thailand, investors may feel safer expanding their portfolios in neighbouring Malaysia.

"Malaysia became a very, very good property investment market at a similar time that Thailand became a hot spot," she said.

"But Malaysia has advantages compared to Thailand's economy, regime and banking sector."

She also said that Malaysia has better beaches than Thailand and that many of its islands are appealing to divers attracted to the unspoilt environment.

According to website Amberlamb, the Malaysian property market offers a "good mid-range investment opportunity" to foreign investors seeking real estate that is well-priced and likely to yield a profit in the long-term.

Take advantage of Malaysia, investors told

Wed, 28 Mar 2007 00:00:00 GMT

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.

Malaysia set to enjoy foreign investment

Tue, 27 Mar 2007 00:00:00 GMT

The prime minister of Malaysia's decision to scrap capital gains tax on property has not come as much of a surprise to experts, although it is still a welcome move, a news website has said.

According to a report in New Straits Times, investors believe that a "dose of speculative activity" will boost Malaysia's flagging property market.

In recent months, a lack of interest from overseas buyers has seen the volume of transactions decline, with many properties remaining unsold for long periods.

However, now that overseas investors will no longer have to pay 30 per cent in taxes if they sell within five years, it is likely that more buyers will enter the property market, especially at the high-end, states the newspaper.

The majority of investment opportunities lie within Kuala Lumpur and the north-western island resorts of Langkawi and Penang, according to Property Frontiers.

Malaysia's policy amendment follows over changes that favour overseas investors.

For example, buyers from Britain and elsewhere no longer have to seek approval from the foreign investment committee and conditions regarding the number of properties under one portfolio have also been scrapped.

Malaysia – The Property Investors' Darling

Fri, 2 Mar 2007 00:00:00 GMT

The British love-affair with Malaysia runs deep. As a former British colony, Malaysia strikes a familiar chord with many a British visitor, while its sumptuous Asian charms seduce more international tourists each year – forecasts this year predict a record number of 20 million visitors to Malaysia, five million up from last year's figures.

As many a property investor is aware, tourists mean a potentially strong market and, unlike some of its neighbours, Malaysia is now catching the eye of investors by actively touting its tourist industry in a drive to further boost its steadily growing economy. This year, marking 50 years of independence, Visit Malaysia Year is set to increase international awareness of the exotic delights and experiences just begging to be discovered here.

Malaysia has plenty to offer: a superb climate, stunning coastal and rural scenery, a multitude of recreational activities, buzzing city life in Kuala Lumpur and charming, polite, multi-cultural people. On an investment level, excellent international airport links and modern transport within the country allow easy passage to its favourite resorts and cities. With banking and legal systems akin to those in the UK, more cautious property purchasers are undeniably reassured by a purchase in Malaysia. Today the government's economic policies, formalized in its Ninth Plan and destined for fruition within three more years, are enticing property purchasers to snap up real estate at today's very tempting prices in the run up to inevitable price increases by 2010.

Shrewd property investors are fast recognizing the potential Malaysia offers for investment both in the city as well as in Malaysia's emerging coastal tourist resorts. With growth on residential city property over the past five years rocketing to between 15 and 30% and rental yields at a very respectable 7.4 to 8.7%, it is easy to see why Malaysia is now becoming the darling of many overseas property investors, all eager to make some of the most worthwhile investment returns available in Asia today.

Fully equipped to deal with the new wave of investors, Malaysia treats foreign buyers pretty much on an equal footing to the locals, while all are protected by the same real estate laws. However, certain restrictions do apply: foreign ownership is currently limited to a minimum value of MYR 250,000 (approximately £36,000, €54,000, or $72,000) with various government stipulations regarding maximum ownership of properties, subject to what you wish to purchase. Also once you have bought your property, under Malaysian law you must hold onto it for at least 3 years. This aside, the buying process couldn't be more straightforward, while Malaysian banks are more than willing to finance up to 70% for property purchase. Do be aware that the application process could take up to three months - rather longer than in other countries - so make sure you get your paperwork in early to avoid unnecessary delays.

With the Malaysian Ringgit so cheap against other currencies such as the US dollar, the Euro or the British pound, the good news is that property investors in Malaysia are not only grabbing at timely bargains at emerging market prices, but they are also getting so much more for their money than in many other worldwide destinations.

Malaysia – A Valuable New Addition to Your Property Portfolio

Mon, 19 Feb 2007 00:00:00 GMT

Malaysia is a truly investor friendly market, without many of the restrictions that are imposed on foreign nationals in other Eastern countries and you can own property 100% freehold in Malaysia. With Kuala Lumpur as the main travellers’ hub for Far Eastern tourists en-route to Australia and other destinations, Malaysia is gathering up steam as a popular tourist destination in its own right. BA and Malaysian Airlines operate direct services daily, and Virgin Airlines is now in negotiations with one of Malaysia’s local carriers, allowing them to offer important low cost services in the very near future. So now is the time to familiarize yourselves with this exciting new market and visit these fresh new pages on the site – and while you are there, why not read up about the excellent opportunity to be had at Banyun Curve in the exclusive resort town of Port Dixon.

With Thailand and more recently Australia also featuring on the site, Propertyshowrooms.com is expanding deeper and deeper into Australasia and Asia. Keep an eye out for further additions….