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Weakening Ringgit & Friendly Foreign Ownership Policy Makes Malaysian Property Market Attractive

Last update: 11/05/2017

iProperty.com Malaysia and Singapore Chief Executive Officer Haresh Khoobchandani.

KUALA LUMPUR, May 11 (Bernama) -- The weakening ringgit, coupled with Malaysia's friendly foreign ownership policy, has made the country's property market more attractive, especially for foreigners, said iProperty.com Malaysia.

In a statement, iProperty.com Malaysia and Singapore Chief Executive Officer Haresh Khoobchandani said Johor was emerging as a hot property destination, attracting interest from both local and foreign buyers.

As such, the property website would hold its first home & property investment fair in the state, to be held from May 19 to 21 at the Johor Bharu City Square.

The event would feature an extensive range of premium, residential and commercial properties from prominent developers such as Bayou Bay Development Sdn Bhd (Iskandar Waterfront), Country View Resources Sdn Bhd, Gold Mart Sdn Bhd (Hatten), Kepong Industrial Park Sdn Bhd, MB World Group Bhd and UM Land Bhd.

"The fair offers property buyers and investors the chance to view the latest property developments, with an extensive range of property types, including residential, commercial or investment properties from all around the country.

"The event will also feature a host of free seminars and we are delighted to welcome some of the most dynamic industry leaders in Malaysia to share their insights on property trends and opportunities for growth," said Haresh, adding that the event would provide property seekers with information and the tools to navigate the market.

-- BERNAMA