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Kuala Lumpur, New York City, London are top picks for 2011

Property Report
Kuala Lumpur, New York City, London are top picks for 2011 - Kuala Lumpur - New York - London - property market - analysis

Kuala Lumpur, London and the ‘Big Apple’ are where Hong Kong’s savviest investors are now spending their money. Today, Hong Kongers are also investing in Malaysia after almost a decade of preferring London, Singapore and New York. With Malaysia’s economy expected to grow 5.3% in 2011 and London’s forecast to grow 3.8%, investors are venturing across the globe to invest in real estate.

Hot Pick 1: MALAYSIA 
“Malaysia’s property market is driven by owner occupiers and domestic consumption, not pure rampant speculation like many parts of Asia,” claims Tim Murphy, IP Global’s Founder and Managing Director.

Malaysia is growing in reputation as the prime investment location in Asia because of its stable property market and relative affordability. Investors across the region are seeking to diversify their portfolios with affordable, mid-range property and Malaysia’s well-regulated market is attracting the attention of buyers looking for long-term and relatively secure investment opportunities.

Compared with markets such as Hong Kong, where the property price is typically 5 times more expensive than that of Kuala Lumpur, Malaysia remains affordable. Property prices in the capital increased by only 3% over the past 12 months compared with 25% in Hong Kong and 38% in Singapore. It is predicted however, that due to the lack of supply of mid to luxury condominium properties, property prices will continue to increase over time.


Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.