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 Business

Overseas property investments remain choice of Malaysians

5th April, 2016

KUALA LUMPUR: Overseas property investments retain their attraction for Malaysians with Australia, Singapore, Indonesia and the United Kingdom emerging as the preferred destination for buying property abroad.

PropertyGuru, in its latest survey, revealed that 75 per cent of Malaysians polled expressed an interest in purchasing private apartments/or condominiums in the second half of 2015, despite the weakening ringgit and other dampening external factors.

“This represents almost no change compared to the first half of 2015 where 76 per cent respondents intended to buy private apartments/or condominiums overseas,” it said in a statement on Monday.

The PropertyGuru Malaysia Property Market Sentiment Survey also revealed that the most compelling factors identified for overseas property investments were better rental yields (56 per cent), strong capital appreciation (55 per cent) and “better environment” as well as retirement (both at 46 per cent).

“Their children’s future education also remained a top factor (36 per cent),” it added.

The survey was conducted by PropertyGuru in collaboration with Added Value-Saffron Hill, a Singapore-based independent professional research agency to strengthen the rigour and credibility of research findings.

The aim of the survey is to help consumers and property agents gain an insight into the local property market to make better business and buying decisions. –Bernama

   
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