Project director for planning and business development at E&O Property Development, Mohd Razeek Hussain, claims that foreign investors are initially attracted by architectural style, tropical weather and scenery but the bottom line is that Malaysian property is well priced....
Article Date : Thursday, July 12, 2007
Speaking to Property Report, he said: "For me, the biggest lure is the value when compared to other countries."Where else can you buy a landed property this close to the water at such prices?"
Mr Hussain said an additional bonus was that other areas like Phuket and Bali demand cash up front for the property but in Malaysia only a ten per cent deposit was required.
"The value in Malaysia is incredible, while ownership regulations and access to funds are straightforward," he added.
The Foreign Investment Committee recently relaxed legislation for foreign buyers, suggesting that this would boost the country's potential for property investment from abroad, the Malaysian Star reported recently.
Source: Property Showrooms
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