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Property News

  • Asia Pacific 'leading global real estate recovery'

    The Asia Pacific region is leading the global property market recovery, which could be good news for anyone interested in property in Malaysia.

    According to the second quarter International Residential Review from Chesterton Humberts, an increase in high worth individuals has helped fuel recovery in the region, particularly in Singapore, Malaysia and China.

    "Disparities in the performance of global residential markets remain apparent in the post-recession era. The star performers are in the Asia Pacific region while recovery in Europe and North America is more laboured with transaction volumes remaining well below pre-recession levels," said Andrew Hawkins, head of international at Chesteron Humberts.

    He added that appetite for prime residential property both for lifestyle and investment reasons remains "firm".

    Earlier this year, Property Abroad stated that Malaysia's property market could benefit from the nation's strong tourism industry and the fact that its economy is recovering at a quicker pace than many other countries.

  • Government restrictions hampering developments in Malaysia

    Government restrictions on foreign workers could have a large impact on the number of new projects being built in Malaysia, it has been claimed.

    According to the Star Property, the country's FIABCI president Datuk Richard Fong warned that rules preventing foreign workers entering the country could have a negative effect on developers.

    "We have already seen the effect of tightening the labour market five years ago when workers were sent home on an amnesty programme. We will have the same problem again," the news provider reported him as saying.

    "When the workers finally returned, we had to retrain them because they were unskilled. The workers returned but the issue that cropped up was quality, which in turn led to high rates of defects in the properties."

    The Malaysian property market could be set to benefit from the economic recovery in Asia, Property Abroad recently suggested.

    A growing tourism market and strengthening economy are likely to be beneficial to the country's real estate sector.

  • Malaysian property market to benefit from economic and tourism revivals

    The Malaysian property market could be set to benefit from the economic recovery in Asia, it has been claimed.

    Property Abroad has suggested that the real estate market in the destination will benefit from exiting its short recession and burgeoning tourism market.

    Malaysia has always been a favoured destination for tourists in Asia and around the world and as such, could lead to a resurgence in overseas property investors.

    "Regional tourism is the investors' best friend because it gives them the opportunity for high-yield holiday lets and sometimes even longer-term holiday lets," the website stated.

    Furthermore, the market could receive a boost from the current political troubles being experienced in Thailand, with potential investors looking for a more stable country to buy property in.

    Earlier this year, PrimeLocation.com reported that the government in Malaysia is doing a good job attracting British buyers to the country.

    Initiatives like the Malaysian My Second Home Visa programme and the lack of capital gains tax when selling a property make investing in the country a viable option for many.

 
 
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