Malaysian Property Market Not Immune to Global Situation

Despite the continued strength of the Malaysian economy which is predicted to enjoy growth in the region of 5.8% this year, and the popularity of the nation as a business hub in the still affluent Asian region, the recent ‘United Nations Economic and Social Survey of Asia and the Pacific’ report highlights the fact that the Malaysian property market is not immune to the global financial situation. Whilst Malaysia is relatively well positioned to survive any pending global economic slowdown in many sectors of its economy thanks to the fact that it is an oil exporter and has managed to diversify its export base to include emerging markets, real estate is one area of the economy that could well be hit hard.

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