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Krihaat Glass Hill,
Thailand |
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Al Noor development,
Ras Al Khaimah |
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Al Sanaa Development,
Ras Al Khaimah |
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Malaysia s Property Time Train |
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HOME >> NEWS >> Malaysia s Property Time Train |
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 According to latest sources Malaysia’s real estate market is expected to reach a plateau this year. Having enjoyed fantastic growth over the years from 2003-2006 and a holding a steady market last year, experts predict there will be changes for the future caused by the U.S. market melt down.
Especially the growth in rentals and capital value is said to ease out by the end of 2008. There will also be an oversupply of yet to be finished residential developments, which will further stop the growth of recent years.
Depending on how many of these Malaysian properties can be rented out or sold, foreign interest might be sustained or wane altogether.
With recent elections in March seeing the opposition take hold of Penang, Selangor, Kedah and Perak, many investors are actually sitting tight right now, waiting for events to unfold. They watch whether this recent change in leadership will have any effects onto the property market before they take action.
While the economy is expected to grow at a projected rate of 5.7% y-o-y, the office sector should also enjoy similar growth. If this will indeed take place, then the service sector will be positively affected as an immediate result.
The whole scenario is like a ripple effect as with any economy and property investors will just have to sit back and wait to see what happens.
While this all sounds somewhat acceptable, Malaysia could still be negatively affected by outside forces out of their control. With crude oil prices and interest rates having already been negatively affected (raised) by the global melt down, one would have to be a wizard to see into the future and know for sure.
In the end it is always best to stake safety before anything else if you are just not sure which way the market will go.
Malaysia’s income per capita is expected to grow from RM22,345 in 2007 to RM23,864 in 2008 and increased spending patterns and investing of funds could well be a possibility. A figure of 7.9% has been estimated in increased private consumption over the course of this year.
Source: http://www.overseaspropertymall.com/ |
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