PROPERTY MALAYSIA Strong Domestic Demand 2010
The Malaysian Finance Ministry has expressed strong optimism in the property sector for 2010 back of bullish domestic demand. Further incentives for foreign investment are currently under review and more increased liberalization appears to be in the works.
Property developers are also seeing margins protected due to stabilization and in some cases decreases in key construction commodities. Overseas buyers are continuing to be attracted to urban areas such as Kuala Lumpur with both financing and attractive rental yields prevailing.