Malaysia market 'still attracting investors'

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.