Malaysian Property Market - To Flourish Further
Malaysia is already a major international tourist destination and forecasts predict some 20 million tourist arrivals for 2007. With increased low cost airlines serving the island from 2007, the Malaysian property market is set to flourish further from a strong tourist market, particularly with buy-to-let investments in coastal resorts such as Port Dickson.
In addition to resort properties, overseas purchasers are also focusing on locations in the capital city, Kuala Lumpur, particularly within the central business district. Along with direct foreign investment largely from the US, Japan and China, a surge of business activity is bringing a high demand for both residential and commercial real estate. A growing expatriate community now needs quality new accommodation in up-market, central districts. Off-plan properties are now being sold to international property developers and offer good guaranteed rental yields of between six and ten percent.
With clear government resolve to improve the Malaysian economic and social climate and high capital growth figures which seem destined to improve further, many investors are discovering that Malaysia provides a perfect market in which to employ their investment strategies.
