Malaysian real estate may see a surge in interest from buyers and investors in Singapore following the city-state’s fresh measures to cool its bubbling property market, according to one consultant who expects a wave of Singaporean investors into Malaysia.
Gavin Tee, founder and President of SwhengTee International Real Estate Investors Club thinks the tightened policies will definitely slow down Singapore’s housing market, which spells good news for Malaysia’s property boom.
A key factor is the availability of high margin financing in Malaysia compared to the latest loan-to-value (LTV) measures undertaken by Singapore.
“For Singaporean non-individual purchasers, they may now only get as low as 20 percent financing, whereas individuals will get 20 percent if their loan term is above 30 years from their third property purchase,” said Tee.
Moreover, Malaysia offers attractive mega-project offerings and favourable tax measures compared to its neighbours, noted Tee.
Just last month, more than 2,000 visitors flocked to PropertyGuru’s two-day Malaysia Property Show (MPS) in Singapore. In total, 25 premier units were sold at a combined price of RM22.6 million (S$9 million) while 331 hot leads were generated, an indication of the healthy demand for properties across the causeway.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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