PRLog (Press Release) –
May 15, 2008 – Everyone knows that Asian markets are going to continue to grow throughout any global slowdown, and Malaysia is one of the biggest benefactors of its growth. Areas like Sabah, Borneo are seeing massively rising tourism numbers from Asia's rapidly expanding middle class, and Kuala Lumpur is developing into a chique commercial hub, on par with any of the world's great capital cities.
The rising cost of building materials had people running for the hills shouting about how it would cause developers to wait and see what the market held in store before bringing their new Malaysia property onto the market. But that has not been the case; there are still plenty of new developments being unveiled in Malaysia.
David Stanley Redfern Ltd have just brought the Vivaldi development in Kuala Lumpur onto the books, an amazing development of luxury off-plan apartments, in the stunning Mont-Kiara district of Kuala Lumpur. Residents enjoy unique luxuries like a private lobby and elevators opening straight into apartments etc, as well as the obvious benefits of capital city life: being walking distance from great restaurants, high-end shops and boutiques, and even international schools.
Liam Bailey, head of international research for David Stanley Redfern Ltd gave his views on Malaysia's potential:
"With global markets and economies having become so intertwined, when a big market like the U.S. starts to wean, it does trigger a domino effect, and that makes it easy for everyone to start battening down the hatches. But global markets becoming intertwined, and companies becoming so multinational as flights got cheaper and the massive growth in internet use, means there is sufficient money in global business, even in the likes of China and India alone, to regenerate global economies through foreign direct investment. For instance: China and India buying massive amounts of grain from Brazil because it is the cheapest supplier."
"Malaysia grows because Asia is growing, not least through regional and medical tourism, the former increasing by around 20% per year, as the Asian Middle Classes grow, (In India, the number of people earning more than $5000 will double to 20million in the next two years), through new employment, promotion, and rising affluence in start-up businesses.
" Not to mention, the massive number of graduates from Asia's shining educational systems some, going off to be doctors and high-earning lawyers, but some starting up businesses and becoming the next wave of property tycoons, or any other business they think up. Make no mistake, Malaysia property will continue to grow in value, the only effect the global slowdown may have is bringing capital growth down from 15-20% to 10%, which is still solid growth for an established market. Rental yields will continue to be strong at around 8%"
Find out more about Malaysia property.
