malaysian property prices rising
News Posted On: 21 February 2011
Malaysian property prices are beginning to rise as the economic recovery in the country continues. Last year registered the strongest house price increases for a decade. The national house price index rose 6.2% in the third quarter of 2010 while the increase in Kuala Lumpur was 9.9% during this period.
House prices here are still very cheap when compared to Western countries as the average home costs just under $65,000, while a house in Kuala Lumpur will set you back US$142,000.
These property price increases are due in no small part to the recovery of the economy which grew by 7% in 2010, but in general house prices here remain relatively stable and are not subject to the boom bust cycle of other countries. Much of Malaysia's economy is based around manufacturing and it's one of the largest exporters of electrical goods and appliances and semi-conductor devices in the world.
It does depend quite heavily upon exports and was affected by the global economic crisis, especially since the Malaysian ringgit has strengthened against the dollar. Export growth in the country fell from 19.3% in the first quarter of 2010 to just 3.7% in the last quarter of 2010 and is expected to remain in single digits this year, but the worst of the recession in Malaysia was averted by a multibillion stimulus package.
The main attraction for investing here is the reasonable rental yields of between 5 to 7%. The cost of buying a property in Malaysia is quite low, but it's important to regard it as a mid-to long-term investment as capital gains tax is liable on any property held for less than five years.
Back to news articles for this country
Latest Related News Articles in Malaysia
Malaysian Companies Target Indian Energy Sector
2011-08-12
Malaysian companies have already been active within the Indian property market, and have done much t.....
Malaysian property prices rising
2011-02-21
Malaysian property prices are beginning to rise as the economic recovery in the country continues. L.....
Malaysia Property Looking Strong into Year Ahead
2010-12-30
With recession a now distant memory in Malaysia, and stability reigning supreme as always, 2011 look.....
Malaysian Property to be Hot in 2011
2010-12-23
According to reports, an upturn in local buyers in 2011 will massively boost Malaysia property sales.....
Malaysian Export Growth Weakens Could Damage Overseas Property
2010-08-03
Malaysian export growth slowed to a seven-month low in June according to the latest data.....
Malaysia Property to Recover this Year
2010-05-27
Experts have predicted a better performance in Malaysian property this year as the economy recovers.....
Malaysia Property Set for a Very Bright Decade in terms of Foreign Demand
2010-01-19
Foreign demand for Malaysia property is set to see continued growth in the coming decade as young pr.....
Malaysia Property Growing in Popularity
2009-12-22
As it becomes apparent that Asia is the main centre for future economic growth, it makes the region .....
Malaysia Property Looking like a Good Bet for Strong Recovery
2009-11-12
Malaysia property is to benefit from increased demand as the economy enters full recovery.....
Surging Singapore
2009-10-05
Reuters reported today thatgovernment data shows Singaporehome prices surged 15.9 percent this quart.....