Malaysia without doubt.
Both were on my list before I settled on Mediterreanean Morocco. I actualy reserved on the Palm near Kuala Lumpa, but pulled out.
Brazil I looked at fairly in depth but I felt there would be masses of supply and too much opaquness for my investor tastes.
A very good freind of mine invested in an appartment in KL and has been well looked after, however, even he says there are plenty of sharks and pitfalls even there. He actuall also invested in Morcco with me in the same development!
If you want South East asia I'm hearing from probably the most succesful knowlegable investor I've ever come accross - he predicted the credit crunch and named it so back in 2004 on housepricecrash - (he's called Dr Bubb on there) that Singapor is a real goer just now, and tenmds to be a safe investment.
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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year 
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