04 September 2012

Demand for Malaysian property to increase.

The recently introduced 10% stamp duty for foreigners buying properties in Singapore is expected to create a little spillover effect - of which the main beneficiary would be Malaysian properties. I reckon with this new rule in Singapore, it would increase the demand for Malaysian properties - make Malaysia the ideal property-investment destination. 

Bear in mind current property prices in Malaysia are already cheaper than the rest in the region, especially with the recent slight discounts in property prices in the KLCC vicinity and Mont Kiara areas. In comparison, KLCC property prices had declined from its previous highs of RM1,600psf - RM2,000 psf to hover around RM1,200psf -RM1,500psf, and Mont Kiara prices had declined to around RM650-RM900psf, which is a rather good discounted figure compared to the previous highs. 

So... the next time you see any good launches, snap them up before you lose out! =)