Speculation has been rife of late that the Malaysian property market is going to have a quiet year. Analysts anticipate that demand will remain an issue despite property prices in key areas such as Penang, Johor and Klang Valley remaining relatively stable, with house-price indices holding up.
Nonetheless, this presents a good chance for Singaporean investors, as they can still strive to capitalise on existing opportunities in the market. This was evident at PropertyGuru’s most recent Malaysia Property Show (MPS), held last weekend at Marriott Hotel Singapore. The event saw over 430 potential buyers in attendance, eager to listen to what industry leaders had to say, as well as view prime Malaysian properties by renowned developers from across the causeway.
Malaysian exhibitors who participated in the show included UEM Sunrise, Rawhide, WCT, Andaman Property Management, Bina Puri Holdings and Hatten Group.
“Malaysia has always been the top-of-mind favourite for local investors searching for alternative investment options outside of Singapore. The multiple rounds of cooling measures have played a crucial role in boosting the attraction to properties across the causeway,” said Steve Melhuish, co-founder and CEO of PropertyGuru Group.
“Cooling measures have significantly affected the prospects for attractive investments in Singapore property. Moreover, the ringgit has fallen 30 percent against the Singapore dollar, making Malaysian properties even more affordable. Infrastructural developments, such as the upcoming Singapore-Kuala Lumpur High Speed Rail, have also given more reasons to invest, by not only shortening the travelling time between the two countries but also possibly growing the capital appreciation for properties located within its vicinity.”
Now in its sixth year, MPS is part of PropertyGuru’s international events platform, which showcases properties from cities across Asia, leveraging on the popularity of online property searches and actual investments, to enable investors to make quicker yet smarter decisions.
Melhuish said, “The latest edition of PropertyGuru’s Malaysia Property Show has once again proven to be a hit, with immense support seen from the steady number of visitors over the weekend. We are looking to host more investor events in the coming months.”
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