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Discontinuation of The Reduction Of Fixed Deposit Placement Based On Property Purchase And MM2H Approval By Government Pension
Kindly be informed that MM2H Centre has discontinued the reduction of Fixed Deposit placement based on property purchase worth RM1 million and above in Malaysia. Also discontinued is the MM2H...
Why Malaysia Property is in Strong Demand Print E-mail
Friday, 24 October 2008 17:12
Malaysia is one of the major Asian tiger economies, with consistent recent economic growth far stronger than that of the EU and the USA. Malaysia’s economic growth exceeded 8% in each year of 1989–1997.

The current economic downturn in America and some of the other western countries is not evident in Asia. Malaysia is buoyed by the wealth of surplus funds in the region, particularly from rich investors from the Middle East, its compulsory pension schemes and the countries investment funds.

Property in Malaysia is a strong and established market

In an age of global economic uncertainty and volatility in the major markets of the USA and UK, retirement planning for the Malaysian non-welfare state, with its trademark absence of taxation-funded old-age pension has seen a flight by local investors into the quality of on-shore real estate investment. Listed property trusts have operated in Malaysia for the past twenty years, and their strict regulation (they must be sponsored by financial institutions) has assisted even Malaysians with modest pension funds to invest in Malaysian real estate.

Housing development in Malaysia is controlled unlike some other Asian countries, having been set up in the mid-1970s development control legislation patterned on the British Town and Country Planning Act. This to some extent props up prices, particularly in the fast-growing urban areas. Its developed legal system keeps away excesses of developers, which are common in countries with less -developed legal systems, and the system also offers a large degree of protection for consumers.

Why is the Malaysian market soaring?

The thriving Malaysia property market is fuelled by ongoing economic growth; a naturally-growing population averaging 1.8% long-term; increasing migration from country to city; the growth of the state-sponsored pension fund; expansion of economic activity by nearby Singapore; and the 10-year-old “Malaysia- My Second Home” programme.

In what sort of Malaysia properties do affluent locals wish to live?

The Malaysian buy to let market is increasing, fuelled by increasing incomes of a growing young, educated professional class.

Tunisia has seen a launch of high-end homes in many parts of the country, due to a lot of interest from locals, as well as foreigners. Developers believe that demand will remain steady, and are careful to build high-end projects in the best locations such as the city centre and near certain attractions like the formula 1 race track along Sepang Goldcoast, targeting niche markets.

Malaysia is a coastal paradise and some of the new touristic resort developments like The Palm and Tropical Cluster which are being built as part of Sepang Walk along the Goldcoast near the Sepang Formula 1 race circuit are very popular with foreign investors. The Palm was one of the fasting selling developments in the last year and was in very high demand.

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