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MM2H Agents Association Second National Workshop 2015
MM2H Centre in collaboration with MM2H Agents Association (MM2HAA) will organize MM2H 2nd National Workshop 2015 on 15th October 2015 (Thursday) at the Multipurpose Hall, Ministry of Tourism and...
Massive Tourism Growth in Malaysia is Driving Property Market Print E-mail
Sunday, 15 February 2009 15:19

The Malaysian government’s has a serious commitment to increase the local economy and has helped to increase tourist arrivals to an estimated 21.5 million in 2008 with anticipated gross receipts of MYR 49 billion -which will contribute 7.2% to nominal GDP. By 2010, the number of tourist arrivals is expected to increase to 24.6 million, generating receipts of RM59.4 billion and providing 520,700 jobs.

The Government continues to encourage the Malaysia property market by promoting the Malaysia My Second Home (MM2H) programme. From its launch back in 1996 up to end-2006, the MM2H programme has drawn 9,551 foreigners, including 1,049 Britons.

Around 45+ airlines fly into the country while national carrier Malaysia Airlines has an international network that spans six continents including twice daily flights from London Heathrow to Kuala Lumpur.

Obviously visitors to Malaysia need good accommodation. and it’s no surprise that under supply of hotel and rental property in Malaysia has is a driving factor helping the spurred the growth of investment in hotel, resort and rental accommodations investments in Malaysia.

Investing in rental property in Malaysia also takes advantage of rising income levels of the Malaysian people and improved quality of life demands.

Domestic tourism also plays an important role in the overall tourism industry - so it is actively promoted to attract more Malaysians to travel within the country.

 

Source: http://storyfete.org/index.php/2009/02/14/massive-tourism-growth-in-malaysia-is-driving-property-market/



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