Malaysian real estate is becoming a magnet for overseas investors especially those from the Middle East, according to a recent survey.
A survey by IP Global revealed that the gravity of funds from Middle Eastern investors in Malaysia have climbed 11.4 percent throughout the third quarter, compared to the same period last year.
The capital was labelled as a hotspot due to the annual growth recorded by IP Global’s house index.
"Malaysia is a sensible market and tends to perform more steadily than the rest of Asia," said Tim Murphy, Founder and Managing Director at IP Global.
He added that the tighter regulation dissuades investors from buying and selling quickly, thereby preventing "a boom and bust scenario".
According to the recent data released by Knight Frank, global housing market was at its weakest level since 2009, although Asia continued to perform well compared to other regions, recording a year-on-year price growth of eight percent in the second quarter.
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