Malaysian Investment Fair Heads to Singapore

Event to showcase Malaysian properties to international investors.

iProperty.com: 14 Jan 2008

Based on recent global comparisons, Malaysia’s prime properties are amongst the lowest-priced in the world.  Indeed, many property experts note that the country is fast becoming the next property investment hub in Asia amongst international investors. One of the foremost reasons behind Malaysia’s rise to prominence in the international property scene is the potential for capital gains.

These facts and beliefs form the platform for the Malaysia & International Prime Properties Investment Fair, a prime property event to be held at SUNTEC Singapore on January 19th and 20th 2008. BW Cyans Advertising Sdn Bhd shall be organising this two-day property exhibition that offers an excellent opportunity especially for established Malaysian developers to showcase their prime development projects to Singaporean and international property hunters.  This exhibition features 100 booths at the SUNTEC Singapore International Convention & Exhibition Centre, showcasing various types of prestigious residential and commercial projects by prominent names in the Malaysian property industry and from overseas.

BW Cyans Managing Director Charles Yong is naturally excited, as his company prepares to organise this Fair.

“We see our country as a huge potential real estate market for Singaporeans and other international investors,” said Yong. “Singaporeans are now looking elsewhere to buy properties because their limited land has caused real estate prices to escalate to a record high. Just across the causeway from where they are, we have a great supply of good quality properties that are dirt-cheap in their currency value.”

To illustrate his point, Yong quoted the price of a high-end condominium on Singapore’s Orchard Road at S$4,000 (approx. RM9206) per square foot, compared to only 10% of that price for a luxury condo in the Kuala Lumpur City Centre (KLCC).

The recent incentives provided by the Malaysian Government with regard to foreign property ownership are additional plus-points for Singaporean and international investors to look into Malaysia.  These include the easing of existing rules restricting foreign ownership, abolition of Real Property Gain Tax and the introduction of the “Malaysia, My Second Home” (MM2H) Programme.  Yong duly summarises his points by remarking: “Malaysia is an ideal choice for Singaporeans due to its close travelling distance, good infrastructure and road system, political stability and familiarity with local culture & languages. This property event provides and excellent avenue to sell to potential Singaporean buyers as well as other foreign investors.”
 
Property talks by distinguished and knowledgeable Malaysian speakers will be the highlight of the Malaysia & International Prime Properties Investment Fair.  Speakers include Ho Chin Soon of the Ho Chin Soon Research Sdn Bhd, Michael Geh of Raine and Home International, Juanita Chin of Elite Properties, and Jaslyn Sim of Richmond Consultants (MM2H) Sdn Bhd amongst others.  Over the Fair’s two-day duration, visitors and participants can look forward to a diverse strata of topics; ranging from “Property Hot Spots In Malaysia” to “Malaysia, My Second Home Programme”…and many others.