According to an article in PropertyGuru, a total of 580 visitors visited PropertyGuru’s Malaysia Property Show (MPS) held in The St. Regis Singapore recently. In fact it said that the seminar sessions were well attended; full house. The seminar series started with some predictions for the Malaysian property market in 2018. Here’s an earlier article about this. Property market oversupply? Improve by mid-2018 and recover in 3 years It outlined some catalytic projects to look out (I hope people are looking at the MRT lines as well as Sabah and Sarawak instead of just the High Speed Rail. Medium term outlook is a better indicator of whether to buy or not to buy) as well as some legal know-hows and guidelines on purchase of properties by foreigners in Malaysia. (Seriously, foreigners, your property investment in Malaysia is as safe as a Malaysian buying the same property. This is a real advantage compared to many other property markets)
Basically, the focus was on the growth potential for real estate hotspots particularly particularly Penang, Kuala Lumpur, Malacca (I love Melaka too) and Johor. (I would like to add that Kota Kinabalu is definitely a good addition to this list together with Ipoh if the buyer happens to be a Malaysian thinking about retirement in the future, whether or not he is an Ipohan) The article quoted some developers who joined the MPS. They include Aspen Vision City Sdn Bhd, Daiwa Sunway Development Sdn Bhd, Hatten Group, BBCC Development Sdn Bhd, Eco Sanctuary Sdn Bhd, Damansara City Sdn Bhd, Naza TTDI Sdn Bhd, United Malayan Land Berhad and Sunway Iskandar Sdn Bhd. Here’s a recent article about Sunway Iskandar. Sunway Iskandar’s The Grid
Within the same article, Kelvin Yip, associate director of Knight Frank Malaysia pointed out that the Malaysian property market is set for an upturn next year. This is despite the fact that many investors are still adopting a wait-and-see approach. He shared two reasons for his prediction; Malaysia’s economic growth and lower unemployment rates. His conclusion is that it is currently a good time to think about investing into the Malaysian property market. Here’s that full article again: Malaysian properties poised to make a comeback in 2018 (I personally think that Singaporean investors do much more homework than Malaysian investors. In fact I would think they know more about Iskandar than a typical Malaysian who is not staying in JB. In terms of investment, it does make a better sense to invest somewhere closer first even if I think Kuala Lumpur would always be a major choice because it is much more well known and there are much more news about KL than other cities or towns.) Happy following.
written on 27 Oct 2017
Next suggested article: Ultra-high net worth Malaysians love properties