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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...
Malaysian property 'most undervalued in South-East Asia' Print E-mail
Wednesday, 12 August 2009 11:33

xpatriates tempted by moving to more exotic locations will find property in Malaysia the most undervalued in South-East Asia, claims an industry expert.

According to Christopher Chad, head of research at developing market support firm Property Frontiers, Malaysia has defied the worst of the recession and remains a "fantastic" country in which to invest, has reported.

Mr Chad admitted that the country's housing market and economy had taken a "slight" downturn.

However, he noted: "We believe the market remains undervalued compared to the rest of South-East Asia."

Property Magazine Homes Overseas said that Malaysia is experiencing major development and its tourist, residential and commercial property markets are strengthening.

In a further attempt to attract expatriate investment, the Malaysian government has launched its 'Malaysia My Second Home' scheme and eased foreign ownership restrictions.

A Royal Institution of Chartered Surveyors report from 2008 noted that outside of the capital, the average property price in Malaysia was around £30,000.



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