Despite potential bubble, Malaysia still hot for property

Kuala Lumpur, Malaysia

In a recent online poll conducted by iProperty, a company that that is responsible and owns Asia’s biggest network of property sites, discovered that a total of 85.8 per cent of participants believed that the price increase of investing in property was Malaysia’s biggest concern in the local real estate market.

With a lacking in affordable housing in conjunction with the consistent rise in house prices is a constant worry of property buyers.

 

Construction quality and errant developers also was also worrisome as the polls projected 57.2 per cent saying that it was of “high concern” and troubled over home financing polices as well as interest rates which were polled of 53.6 per cent in the Asia Property Market Sentiment Report 2012.

A total of 31.4 per cent said that due to political and economic uncertainty would have an affect on whether or not they decided to invest or buy property in this coming year.

Nevertheless, Malaysians still believe that the local market will continue to grow despite doubts over the welfare of the global economy.

Chief executive of iProperty, Shaun Di Gregario told reporters, “The majority of people are still confident that the property market will continue to grow… The love affair continues.”

The poll also found that a “surprising” 41.4 per cent of Malaysians owned two or more properties.

A large population of Malaysians are also interested in investment opportunities abroad in nations such as the UK, Singapore, Australia, and the US.

Almost half (41.5 per cent) claimed that retirement and migration plans prompted oversea investments.

 



Filed Under: FeaturesNews by CountrySingapore

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  1. [...] Despite potential bubble, Malaysia still hot for property (just like Americans in 2005!) [...]

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