‘Interest in Malaysian properties still strong’

By BUSINESS TIMES

KUALA LUMPUR: Interest in Malaysian properties remains strong, as seen at the recent Malaysia Property Show (MPS) 2013 in Singapore and Johor.

A total of 50 property units worth RM48.4 million were sold during the shows, said PropertyGuru, Asia’s leading property portal.

The MPS in Singapore, held on July 13-14, registered sales of 30 units worth more than RM30.1 million.

This was followed by the inaugural MPS in Johor on July 27-28, with sales of more than 20 units worth RM18.3 million.

“This is a telling sign that Malaysian properties are still highly sought after,” said PropertyGuru Malaysia country manager Gerard Kho.

The MPS featured latest properties from several major developers from Malaysia, such as UM Land, UEM Land, Country Garden, OSK Property, Tropicana Danga Cove and Tropicana Danga Bay, KIP Group, Land & General Bhd, HCK Capital Group, Tanah Sutera, Mah Sing, Zhuoyuan Iskandar and Bandar Utama Development Bhd.

Malaysian properties remain attractive for Singaporean buyers due to cooling measures undertaken in the republic and the introduction of a new total debt servicing ratio that requires Singaporean loan providers to take borrowers’ other outstanding debts into account before granting property loans.

The MPS is part of PropertyGuru’s monthly international event platform, which showcases properties from cities across Asia, leveraging on the popularity of online property search and actual on-ground investments to enable property investors to make smarter property decisions faster.

– Malaysia Property News

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