Malaysian property 'is undervalued'

is the most undervalued in the South-East Asia region, it has been claimed.

Such a comment was made when discussing the country's market by Christopher Chadd, head of research at developing market support firm Property Frontiers.

Mr Chadd said that Malaysia has held up well in the face of the credit crunch, although its economy has not fully escaped the effects of the world economic downturn, with the housing market and economic growth seeing a "slight" slowdown.

Despite this, he stated, the country remains a "fantastic" one to invest in, adding: "We believe the market remains undervalued compared to the rest of South-East Asia."

Mr Chadd noted the country still contains strong features that are favourable to its property market, including ones popular with Britons such as the climate, safety, good infrastructure and transport links to Australasia.

Property magazine Homes Overseas recently identified Malaysia as the

in during 2009.

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