Before we buy any property, we should also at least note the expert comments on Malaysia, especially from World Bank, International Monetary Fund (IMF) or even in the near future, Asian Infrastructure Investment Bank. As reported in Starbiz, World Bank has this to say about Malaysia. The malaysian economy will be growing at a slower pace in 2016 but will pick up slightly in 2017 to 2018 as commodity prices recover and global economic growth improves. Just earlier, it was predicted to be a gloomy 2016. Here: Better H2 2016 for Malaysia, GDP growth at 4.4% The word used for Malaysia’s economic growth is ‘resilient’ though it expects GDP to slow to 4.4 percent versus 5 percent in 2015.
GDP growth for 2016 is expected to be at 4.5 percent. It said, “Fiscal consolidation remains on track despite lower oil-related revenues achieved through reduction in the government’s operating expenditures and the implementation of the GST in April 2016. Malaysia is one of the most open economies in the world, with a trade to GDP ratio of 148% (from 2010 to 2014) compared to 58% in developing countries in East Asia and Pacific.The country’s main exports have over time gradually diversified into manufacturing with electrical and electronics accounting for 40% of all exports. About 40% of jobs in Malaysia are linked with export activities. Total wages supported by exports has quadrupled between 1995 and 2011.”
Still believe Malaysia is in for a tough time? Do not worry, there are definitely those safer countries to invest in. The most important is to keep our bullets (money) and go only for very good deals. If you believe what World Bank is saying, then the window to buy may be now. I only believe World Bank when they say things I want to hear. Haha. Anyway, we are all property investors, its best to have good news than bad news when we are HOLDING on to a property. When we are looking to enter the market, then perhaps some BAD news would push the advantage to our side. Happy searching and offering.
written on 30 June 2016
next suggested article: 2016 Malaysia: RM150 billion worth of construction jobs is positive