Real Estate & Editors' Choice News in Malaysia from Propertyshowrooms.com

Malaysia to see a surge of investors

Tue, 8 Feb 2011 00:00:00 GMT

Stability and affordability combined with the creation of new jobs means that an increasing number of investors are looking to buy property in Malaysia, one consultancy has suggested.

Knight Frank 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 (ETP).

"The expatriates will be here for the duration of the projects such as the Mass Rapid Transit, among others. They would need a place to stay," Eric Ooi, managing director of Knight Frank Malaysia, told New Straights Times Property

Indeed, Mr Ooi said that he expects more than 15 per cent of luxury property purchases in Malaysia this year will be by foreigners.

Buyers from Singapore, Hong Kong, Indonesia, Taiwan, South Korea and Japan are buying condos, apartments and bungalows in the Kuala Lumpur City Centre, Bangsar, Mont' Kiara and Kenny Hills areas, he added.

Government restrictions hampering developments in Malaysia

Mon, 7 Jun 2010 00:00:00 GMT

Government restrictions on foreign workers could have a large impact on the number of new projects being built in Malaysia, it has been claimed.

According to the Star Property, the country's FIABCI president Datuk Richard Fong warned that rules preventing foreign workers entering the country could have a negative effect on developers.

"We have already seen the effect of tightening the labour market five years ago when workers were sent home on an amnesty programme. We will have the same problem again," the news provider reported him as saying.

"When the workers finally returned, we had to retrain them because they were unskilled. The workers returned but the issue that cropped up was quality, which in turn led to high rates of defects in the properties."

The Malaysian property market could be set to benefit from the economic recovery in Asia, Property Abroad recently suggested.

A growing tourism market and strengthening economy are likely to be beneficial to the country's real estate sector.

Malaysian property market bolstered by new development

Sat, 17 Apr 2010 00:00:00 GMT

The property market in Malaysia has received a boost with news that an Australian developer is investing millions of dollars in the country to create an exclusive beach resort, it has been revealed.

Approximately 520 million USD is being pumped into the region of Johor by the Walker Group to create a waterfront residential enclave designed to attract foreign investment to the country.

The development in Senibong Cove will be completed over a decade-long period of time and in numerous stages - the first of which will contain 244 new houses.

When fully completed the development is set to feature in excess of 2,200 homes including bungalows, semi-detached houses and terraced properties.

In addition, an integrated marina and clubhouse will be built to compliment over 8,000 square metres of shopping space and a 3,500-square metre recreation club.

The destination of Johor in Malaysia is also to benefit from the construction of the county's first-ever theme park in an attempt to attract more tourists to the destination.