Malaysia property market 'remains steady'

Malaysia's property market has managed to weather the global economic storm, according to an international study.

The independent Global Property Guide for 2009 placed the country in ninth place out of a total of 91 territories, indicating that its housing market remains relatively stable.

Average rental incomes for Malaysia are more than nine per cent and property company DSR Asset Management highlighted the benefits of investing in housing in the archipelago island of Langkawi.

Located off Malaysia's west coast, the destination is described as have a "particularly benign climate and stunning environment", with white sand beaches, five star resorts, mountains, good shopping, rainforest, sports activities and coral reefs.

The island was designated a Unesco world geopark in 2007 and development has been carefully controlled as a result, with direct flights from major cities expected to push up its property prices.

A recent article on the Choices website asserted that property in Malaysia offers UK investors "excellent" value for money because of current favourable exchange rates.

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