Investment Property Sectors in Malaysia Particularly Strong

According to a recent statement from Tan Sri Nor Mohamed Yakcop of the Malaysian ministry of finance, the already strong Malaysian economy has been enjoying a prolonged period of advancement this year so far, with residential and commercial investment property sectors in Malaysia particularly strong and contributing substantially to the ongoing economic success of the nation.

In his statement the finance minister revealed that the Malaysian economy has expanded by 5.3% in the first quarter of 2007 alone – the strong expansion was largely boosted by the government’s decisive and positive regulation and taxation changes which have certainly benefited the nation’s real estate sectors.  2007 is lining up to be a very positive and powerful year for property investment in Malaysia, but in our opinion we are only just starting to see the beginning of long term positive developments.

2007 is officially ‘Visit Malaysia Year’ – what this means is that the tourism ministry has been pumping significant amounts of investment capital into the promotion across the world of Malaysia as an ideal and modern holiday destination in a bid to increase tourism numbers by 5 million to reach a sustained 20 million visitors by the end of 2007.

So far this extra promotion is paying off - tourism numbers are already up this year on last year’s figures and a brand new and strong market is opening up in the form of wealthy Indian nationals visiting Malaysia and even applying for MM2H (Malaysia My Second Home Program) visa status and then acquiring property in Malaysia.

Clearly the promotion of the delights of the nation to more tourists broadens the demand for property in Malaysia – whether that be to rent, to buy, to invest or live in - and because this increase in demand is coinciding with the recent positive taxation and regulation changes that the government has made to boost foreign and local investment into property, the investment property climate in Malaysia is really heating up.

So far around a quarter of all property developers active in Malaysia at the moment have said foreign interest in their activities is up on their 2006 figures, far more enquiries are turning to business now that, for example, property capital gains tax has been abolished and the number of transactions in the property market in Malaysia in the first quarter of the year topped 65,000…an incredibly high figure.

A buoyant economy, informed and intelligent government investment attraction policy, intense and successful tourism promotion, MM2H improvements, a currency weaker in relation to the pound and euro and strong rental yield returns back to back with still affordable property prices means that Malaysia is an incredibly sensible market to consider investing in right now.

Special Reports: Property News for Malaysia

Malaysia Property Buyer’s Country Guide
Luxury real estate developments across Malaysia are attracting international interest from property buyers attracted to the scope in the market.

Malaysia Property Buying Process
The Malaysia property buying process is relatively straightforward, but raising local finance to buy Malaysian real estate is time consuming

Malaysia Property Investment Potential
Property investment opportunities in Malaysia offer strong rental yield potential and real estate investors draw confidence from Malaysia's strong economy