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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...
Malaysian property 'most undervalued in South-East Asia' Print E-mail
Wednesday, 12 August 2009 11:33

xpatriates tempted by moving to more exotic locations will find property in Malaysia the most undervalued in South-East Asia, claims an industry expert.

According to Christopher Chad, head of research at developing market support firm Property Frontiers, Malaysia has defied the worst of the recession and remains a "fantastic" country in which to invest, Propertyshowrooms.com has reported.

Mr Chad admitted that the country's housing market and economy had taken a "slight" downturn.

However, he noted: "We believe the market remains undervalued compared to the rest of South-East Asia."

Property Magazine Homes Overseas said that Malaysia is experiencing major development and its tourist, residential and commercial property markets are strengthening.

In a further attempt to attract expatriate investment, the Malaysian government has launched its 'Malaysia My Second Home' scheme and eased foreign ownership restrictions.

A Royal Institution of Chartered Surveyors report from 2008 noted that outside of the capital, the average property price in Malaysia was around £30,000.

Source: http://www.expatriatehealthcare.com/news/Malaysian-property-most-undervalued-in-South-East-Asia-130

 



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