Real Estate & Rental & Lettings News in Malaysia from Propertyshowrooms.com

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.

Malaysia could be an attractive investment opportunity in 2010

Tue, 19 Jan 2010 00:00:00 GMT

Rising demand and an improving economic outlook are likely to be key factors in attracting investors to Malaysia, it has been claimed.

A report from Malaysian Industrial Development Finance (MIDF) shows that these factors are likely to make property investment in the country an attractive proposition for many in the coming year.

But MIDF warned that the withdrawal of cheap credit, absence of attractive promotions and favourable regulations may have a detrimental effect in the long term.

"Sales demand for residential properties is expected to remain buoyant as investors continue to deem it as one of the more liquid hedging asset. Speculators are also taking advantage of the current market sentiment to lock-in on gains," they said.

A survey of key property developers in the region found that none of them were planning on slowing down the rate at which they were developing new property.

Earlier this month the Malaysian government decided to limit the reintroduction of capital gains tax to properties sold within five years of their purchase date, something that Malaysia's Property Investment Organisation claimed was indicative of its favourable view towards property investment.

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.