Malaysia set to receive influx of foreign investors
February 25, 2013 - Malaysia
Analysts based in Kuala Lumpur are optimistic that Malaysia will become a new hot spot for overseas investors due to newly imposed higher levies on properties in Hong Kong and Singapore.
Residential areas in Kuala Lumpur, Kota Kinabalu, Iskandar and Penang are already viewed as feasible investment destinations for Singaporeans in particular, according to Malaysiainsider.com.
In a survey by iProperty.com 2,099 respondents from Singapore, Britain and Australia ranked Malaysia as the next top preference for overseas investment.
Singapore's commitment to Malaysia was indicated by one company's investment in a mixed-wellness leisure development recently launched in Iskandar Malaysia.
The Singaporean dollar's strength against the Malaysian ringgit may also help spur investors to direct their funds towards Malaysia.
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