malaysia housing loans comparison
Investors Take Note of Malaysia Property Market
According to Statistics announced by the Malaysian Institute of Economic Research (MIER), Malaysia is predicted to reach 5% growth in 2011, based on gross domestic product (GDP) results for the first three quarters of the year.
At the most recent National Economic Outlook Conference, executive director of the MIER, Dr Zakariah Abdul Rashid stated that if the government can maintain the same performance for the fourth quarter, Malaysia's economy will be able to 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 uncertainty of the global economy, a couple of Eastern economies like China and Indonesia, though affected, have stayed 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 cushion 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 stated 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 in terms of investment, with a number of investors waiting to see how the country performs for the remainder of the year.
Experience International a leading London based overseas property investment company has indicated that it will expand their current range of investments to include opportunities 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 is a market to take note of and has had a lot of activity with international brands and celebrities getting involved 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 start to attract many international investors during 2012 and the future and that we will see new internationally branded property development in the country also.
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