Due to the sagging economic woes in the United States and Britain, in particular, and across the globe, the property market in Malaysia is reaping the benefits as foreign investors rush to find a safe and secure environment for their money.
Malaysia has many attractive features including a higher dividend yield than other foreign investment opportunities in other locales. Another appealing allure to investment in Malaysia is the recent announcement of the plans for an exemption of the real property gains tax. This is widely seen as contributing a significant, and positive, force into the number of transactions in the local property industry.
The icing on the cake for the local property industry in Malaysia is the ability to make flexible monthly withdrawals from the Employees Provident Fund.
Foreign investments rose 57% in the first nine months of 2007 and this rate is not expected to decline. The three top foreign investors for this particular period included Japan, Singapore, and Iran.
Local retail space grew 14.5% in 2007 and seven new retail centres are expected to open soon.
In 2007, the number of tourists grew over 3.5 million from the previous year. With those tourists, increasing demand for hotels, restaurants, shopping, and entertainment services have be seen. This greater influx of ringgits will only help the Malaysian economy grow and become stronger, at the same time, investment in Malaysian property and the growing tourism boom will only complement each other.
Considering all these factors, it is easy to see why Malaysia is such an allure for investors.
