Malaysia - Good or Bad?

[ariecol]

lexus, which project is it? twins damansara?

we did consider the project, but, we run out of money to buy! hahaha

one of my childhood friend who is an estate agent bought it actually. in fact it has appreciated.

Mount Kiara is still on the way UP UP UP
KLCC as well.

amazing!

[waynehyl]

Hi Lexus,

Do u mean Twins @ Damansara Heights? i know the developer very well!

[UKand Singapore]

Hi,

I have been living in Singapore for over 10 years and moved to Malaysia this year - during that time I have travelled the Asia region extensively for business and pleasure.

This is an interesting thread with some opposing perspectives. One of thekey things for me is that Malaysia property in the last 24 months has seen great capital increases and that has been fueled by extensive foreign money - much of it individual investors.

The booms that happened in Singapore, Malaysia, Thailand and Hong Kong though have gone and prices are dropping - in some cases dropping fast. The new build condo projects in the major cities are well over priced and with the financial crunch only just starting to affect Asia, this will only get worse.

In Malaysia KL is going to be a difficult place to get good returns over the next few years. The new central, KLCC and Mont Kiara condos are creating vast over supply just as companies cut back on ex-pats (primary rental market) and other employees. The same is happening in Singapore with prices dropping fast - the money Singaporeans made and starting bringing to Malaysia has dried up - no one wants to invest at the moment in property in Singapore/Malaysia/Thailand/Hong Kong.

BUT, and there is always a but - there will be (and almost certainly already are) deals to be had. If you take a medium to long term view and look at the potential for SE Asia, then the returns cold be huge. Malaysia has huge potential and geting the right place, in the right location at the right price could yield considerable gains in the next 4-6 years.

I don't claim to know the markets completely, but have been a property investor in the region for the last 6 or 7 years and benefitted form the recent boom.

[ariecol]

anyone in malaysia jan 09
would be good to meet up.........

[hazri]

I'm going for good.

I have invested on the Palm on the Sepang Goldcoast. At the time I secured a unit there it seemed to meet all my criteria for investing. At that time the Malaysian economy was strong, now there seems to be a bit of Political upheaval and I am not sure how this is going to affect the economy and ultimately my investment.

Is anyone a bit more 'up' on all things Malaysian than I am and do people still see Malaysia as a good investment?

Is the far East going to be hit by the infamous 'credit crunch' that is starting to hit the UK now and IMO will have an affect on most, if not all, of the Western world?

Cheers

hi,

i agreed with agentkhoo...the iskandar area is now the most hottest place in Malaysia that you could involved in..its the new goldmine where the proxematly of being successful here is 120%...amazing but true coz the iskandar area is the new develptment project that focussing for foreign investor..nusajaya is also one of the area that is crazy in devoptment..so,theres only one thing,grab it while its still there

call me for more info

hazri

014-6615586