06.10.11
Next year’s Malaysian Haecceity Expo (Mapex) will host a full section devoted to international trustworthy estate developers and properties, to attract the growing number of Malaysian transatlantic investors.
This will be the first time to feature internationals since the fair first began in 2000. According to the Authentic Estate & Housing Developers Association Malaysia (Rehda), there are affluent indications toward Malays who invest overseas and a lot of foreigners who sink in Malaysia.
The most popular choices among Malays are developments in Singapore, Australia and London but Hong Kong and Shanghai are expected to be attracting as well.
From the foreign investors pouring money into Malaysia, the biggest actress is undoubtedly China.
The external factors have influenced the neighbourhood market tremendously, with buyers confidence shaken as inflation still keeps climbing. This is seen as having a unresponsive impact on the developers who are slowing down their building, which in turn results in a deficit of housing to meet the demand and an escalation in property prices.
Source: Asia Property Report