Malaysia’s Property Investment Market is Benefiting from a Declining Stocks Market
The recent sell-off in the Malaysian stock market is prompting investors to look for stability in Malaysian property says Obelisk International.
A recent survey, completed by Malaysian developers, reported a marked increase in sales in the first half of 2007, compared with the same time last year. The shift in interest from the stock market to real estate investment has had a positive impact on long term stable investments in tangible assets.
Michael Yam, deputy president of the Real Estate and Housing Developers' Association, said the recent sharp sell-off in the local stock market will have a positive impact on the property industry as increased volatility in the equity market will prompt investors to shift their funds into property, which offers a stable income over the longer-term.
Over a 10 year period, the property market in Malaysia has done well with a 47% increase in real estate investment, even with the recent decline in the stock market, the figures show there has been no impact on the economy or purchasing power in Malaysia. Yam continued to say that 'Most of us couldn't be bothered by the drop in the stock market’ and 'in addition, those short-term funds that are getting out now are not invested in property,'.
Other factors driving the property investment market is the abolition of the 30% capital gains tax since 1st April 2007, with some property reports show that Singapore’s growing economy is overflowing into the Malaysian market.
For more information on Malaysia property investment opportunities and to find out about Obelisk International’s latest projects within the emerging markets, contact: Obelisk International on 0808 1600670 Or email info@obeliskinternational.com
Or visit our website http://www.obeliskinternational.com/
A recent survey, completed by Malaysian developers, reported a marked increase in sales in the first half of 2007, compared with the same time last year. The shift in interest from the stock market to real estate investment has had a positive impact on long term stable investments in tangible assets.
Michael Yam, deputy president of the Real Estate and Housing Developers' Association, said the recent sharp sell-off in the local stock market will have a positive impact on the property industry as increased volatility in the equity market will prompt investors to shift their funds into property, which offers a stable income over the longer-term.
Over a 10 year period, the property market in Malaysia has done well with a 47% increase in real estate investment, even with the recent decline in the stock market, the figures show there has been no impact on the economy or purchasing power in Malaysia. Yam continued to say that 'Most of us couldn't be bothered by the drop in the stock market’ and 'in addition, those short-term funds that are getting out now are not invested in property,'.
Other factors driving the property investment market is the abolition of the 30% capital gains tax since 1st April 2007, with some property reports show that Singapore’s growing economy is overflowing into the Malaysian market.
For more information on Malaysia property investment opportunities and to find out about Obelisk International’s latest projects within the emerging markets, contact: Obelisk International on 0808 1600670 Or email info@obeliskinternational.com
Or visit our website http://www.obeliskinternational.com/
posted by Chris at 5:26 pm
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