Currency: Ringgit (RM)
Language: Malay
Capital: Kualar Lumpur
GDP: 2007 estimate – $308.8 billion; Per Capita - $12,700
Malaysia offers a far lower cost entry point into the South East Asian market compared to neighbouring regions such as Hong Kong and Singapore. On this point alone Cornhill Property Investments feel that the investment potential in Malaysia immediately stands out and demands closer inspection. The Malaysian Government are promoting foreign direct investment in the real estate sector by making it far easier and more attractive for foreign buyers to purchase properties in Malaysia. This is expected to push up international demand for property and the predicted demand increase is expected to result in double digit appreciation of real estate prices in the more popular and affluent parts of the country. Malaysia has recently unveiled a $105 billion blueprint to turn the area around its second largest city, Johor Baru, into a prosperous Malaysian metropolis. Malaysia's vision is to make south Johor the new international address for business, investment, leisure and culture.
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