Malaysia’s property market anticipates growth in the upcoming year as the economy enjoys stability and growth as well, peaking the interest of overseas investors. This is good news for Malaysia as much of the world has been hit pretty hard by economic struggles.
The Fourth Malaysian Property Summit is scheduled to be held on January 18th, 2011 in Kuala Lumpur and will include various speakers from fields such as developers, property owners, bankers, investors, and economists. Talk of property investment potential will likely be a main topic.
James Wong, a property consultant, says that there is a huge demand for property in Kuala Lumpur and Penang. As property prices rise, it is important that the government come up with incentives to boost income to help the growth of the economy as property market and the economy oftentimes go hand in hand.
It will be essential that the Economic Transformation Programme set clear guidelines on Private Finance Initiatives so that proper funding can come from private initiatives.
It is reported that market prices have set record highs and the interest rates remain low presently. Investors from all over the world are interested in this prime location. Chinese investors already invest highly in Australia and Singapore and buyers are hopeful that they will be seeing more of such investors in Malaysia. Along with China, investors from Singaporean and Hong Kong are also interested in Malaysian properties.
It will be interesting to see just how much growth Malaysia will see in the upcoming year.
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