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Wealthy Malaysians now target International Property investments

September 2009
Source: www.propertywire.com

Malaysia has a large number of investors due to the culture of saving in the south-east Asian nation.

According to Angie Ng, deputy editor of the Malaysian Star, the country has one of the highest savings rates in the world, amounting to 32 per cent of the gross national product.

She indicated there are numerous wealthy nationals looking to invest in real estate, and believes that Malaysians are being targeted by developers from locations around the world, including Britain and Australia.

“It is about time developers come up with the right products to attract these high net worth buyers and some of the high-end products will likely make their way to the market next year,” she said.

The residential property sector in the country has been one of the most powerful drivers of the local real estate sector, but there is now growing interest in the commercial property market, she added.