WHY INVEST IN PROPERTY IN MALAYSIA?

The value-driven real estate market with sustainable growth potential has made Malaysia an attractive property investment destination and option for investors. Malaysia’s economy remained on a steady path in the first quarter of 2013 by registering a growth of 4.1%. According to a new World Bank report, Malaysia’s gross domestic product (GDP) is expected to grow by 5.1% for both 2013 and 2014, driven by higher consumer and business spending.

While the housing index in Malaysia reported a decrease amounting to 6% in the first quarter of 2013, compared to 12.2% in the last quarter of 2012, Bank Negara Malaysia, the central bank forecasts a rise to 9.31% by the year-end. The Malaysian property market remains positive even after the much-awaited Election 2013. The Malaysian housing market remains strong, although the rate at which house prices are rising is now slowing down, mainly due to stricter lending guidelines including the 70% loan cap on the margin of financing for one’s third property onwards, and the revised real property gains tax (RPGT) of 15% for properties sold within two years and 10% for properties sold between two and five years. Banks are also using net income instead of gross income to calculate the debt service ratio for loans.

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