In an effort to promote Malaysia as a property investment destination, Malaysian Property Incorporated (MPI) has launched an office-cum-show gallery at SGX Centre 1, Shenton Way, which intends to be a one-stop shop for property investment queries.
Potential investors can get the latest updates on Malaysian investment policies, regulations, property valuation, financing, taxation, as well as information about the country’s economic growth, infrastructure, education and healthcare facilities.
Mr. Thong Yaw Hong, chairman of MPI, stressed that Singaporeans and Malaysians have a shared cultural background and history, and many have relatives and friends on both sides of the Causeway. “This familiarity with the country and its people is one of the many reasons that make investing in real estate in Malaysia attractive to Singapore investors,” said Mr. Thong.
Singapore property prices have also skyrocketed, said Mr. Thong. “If you couple this with the favourable exchange rate of the Singapore dollar against the Malaysian ringgit, investing in a piece of quality real estate in Malaysia becomes truly more affordable than in Singapore,” he said.
Established in 2008, MPI is a joint venture between the Economic Planning Unit of the Malaysian government and the private sector. Aside from providing information on real estate, MPI will also offer rental space to government agencies and Malaysian developers wishing to promote Malaysian investments in Singapore.
For Singapore-based investors concerned about the credibility of Malaysian developers, MPI also provides an annual rating of the leading developers in the country and works to guarantee that property developers give an assurance of the projects’ completion.