Real Estate & Mortgage News in Malaysia from Propertyshowrooms.com

Malaysian property is 'second cheapest in region'

Thu, 2 Dec 2010 00:00:00 GMT

Potential investors looking to buy property in Malaysia will be pleased to learn that the average price of apartments in the country is the second lowest in the surrounding region.

Figures released by Global Property Guide have shown that only Indonesia offers city apartments for a lower cost than Malaysia.

"In comparison, the average price of city apartments in Singapore is almost eight times more than in Malaysia, beating even Australian prices, which are almost five times higher than Malaysian city apartments," the news provider explains..

"Other countries surveyed included Philippines, Cambodia and Thailand, where high-rise residential properties in the city cost more than in Malaysia."

Meanwhile, Property Report recently claimed that developers in the country are confident about the health of the real estate market.

This is despite recent cooling measures being introduced by the central bank in an attempt to control the market.

Under the new rules, home buyers who have signed up for two mortgages and intend to apply for a third loan are required to finance only 70 per cent of the home value.

Malaysian govt implements cooling measures

Tue, 9 Nov 2010 00:00:00 GMT

Individuals looking for property in Malaysia may be interested to learn that the country has become the latest to implement cooling measures.

The government followed the example set by China, Hong Kong and Singapore to help stabilise the soaring real estate sector, Reuters has reported.

To this end, the country's central bank imposed a new loan-to-value ration of 70 per cent on homebuyers purchasing a third residential property.

Furthermore, Malaysia's central bank downplayed any fears that a bubble was forming in the country, noting that average growth trends for real estate remain at manageable levels.

"The measure aims to support a stable and sustainable property market and promote the continued affordability of homes for the general public," the bank said in a statement.

Reuters added that many analysts feel that the new measures reflects the rising concern over questionable mortgage lending practices and household debt in Malaysia, which is the highest in Asia.

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...