Investors Take Note of Malaysia Property Market

According to Statistics released by the Malaysian Institute of Economic Research (MIER), Malaysia is on the3 way to reach 5% growth in 2011, based on gross domestic product (GDP) figures for the first three quarters of the year.

At the recent National Economic Outlook Conference, Dr Zakariah Abdul Rashid, executive director of the MIER stated that if the government can maintain a similar performance for the fourth quarter, Malaysia's economy will achieve the anticipated 5 to 5.5%.

“It is possible. The average for the first three quarters was 5.1 per cent,” Rashid commented. “Also, the government has yet to finish its plan to increase expenditure.”

In Q3 the Malaysian economy had expanded by 5.8% according to numbers released by the Bank Negara Malaysia. Growth for Q1 and Q2 was revised to 5.2% and 4.3% respectively.

Despite the global economies uncertainty, a couple of Eastern economies like China and Indonesia, though affected, have remained strong.

Rashid also stated that external sectors have a negative impact on the Malaysian economy but domestic demand through the government's policy initiatives will help to soften its impact.

“Private consumption will also remain healthy while private investment will be boosted by the implementation of projects under the ETP,” Rashid continued.

Previous predictions by the Malaysian Institute of Economic Research indicated that gross domestic product growth for 2011 and 2012 to be at 4.6% and 4.2%.

There are clear signals that Malaysia is a country to watch for investment, with a number of investors looking to see how the country fairs up for the remainder of 2011.

Experience International a market leading London based overseas property investment company has indicated that they will expand its current portfolio of investments to include projects in Malaysia in early 2012.

The Asia property markets have shown good growth and performance during the past number of years while the western world has been recovering from the economic downturn.

The Philippines has been a market to watch and has had a lot of activity with international brands and celebrities endorsing with} the property market in Manila. Trump Tower Manila, Versace Home designing the Milano residences, and Paris Hilton working on the Azure Urban Resort Beach Clubhouse for Century Properties are a few of the high profile new property developments in the Philippines.

Watch this video showcasing the Versace Home development Milano Residences.

We predict that the Malaysia property market will also attract many international investors during 2012 and beyond and that we will see new global branded property development in Malaysia also.

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