Malaysia Real Estate market Remain POSITIVE

The malaysia real estate market remains positive althought slowdown in the world economy and the US subprime crisis. There are questions on : WHAT'S HOT , WHAT'S NOT? RIGHT TIME TO EXIT? RIGHT TIME TO ENTER? BUYING LAND THE HOT SPOTS ARE STILL HOT ? HIGH END PROPERTIES STILL GOOD PICK? FOREIGN BUYER REMAIN STRONG IN KLCC or other Prime AREA?


I believe malaysia property market has a great potential of positive growth in years to come, albeit slower. Good quality products in good locations will still see rapid growth, where pricing is concerned, Malaysia properties is far from overpriced. Also i believe those who cannot afford to invest on their own should consider patnerships, joint venture with family friends or private equity.

On buying land where and whether hot spots are still hot, there is no doubt the prime area like Bangsar, Mont'kiara, Sri Hartamas, Damansara Heights / Bukit D'sra, KLCC Area, Bukit Tunku, Sentul east and west, Desa parkcity and etc will remain growth in Malaysia.

Also constant transaction activity in the prime area and how parcels of land keep changing hands, according to my source, the Arabs are not the only foreigners who are buying, but the koreans and singaporeans have also joined the fray. Land is being bought up very quickly at prime area and prices have nowhere to go but up. For example, developer near KLCC says that land prices escalate, developers will have no choice but to shrink the size of properties on offer. Also properties in prime location remain hot and those looking to invest there should do so now !

Land is scarce in Prime location such as KLCC , Damansara and Mont'kiara and everyone know who owns what, according to my client who is developer many prime lots surrounding KLCC have been transacted. the market is still talking about the record RM2,000 psf that the YTL group paid for a tract of land in Jalan stonor, A residential development is planned for the 0.4ha plot. Many foreigners and big funds are looking for properties in KL because of the subprime in US. According to Ho chin soon, Just last week, a south korean investor walked into his office and bought a golden triangle map. and the same korean bought a plot of land near KLCC for RM1,400psf. also Suasana Simfoni sdn bhd a company that is partly owned by Singaporeans has bought two adjoining plot of land for RM172.1mil in Jalan Conlay and plan to develop luxurious residential.