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Malaysian Property Market Not Immune to Global Situation
Despite the continued strength of the Malaysian economy which is
predicted to enjoy growth in the region of 5.8% this year, and the
popularity of the nation as a business hub in the still affluent Asian
region, the recent ‘United Nations Economic and Social Survey of Asia
and the Pacific’ report highlights the fact that the Malaysian property
market is not immune to the global financial situation.
Whilst Malaysia is relatively well positioned to survive any pending
global economic slowdown in many sectors of its economy thanks to the
fact that it is an oil exporter and has managed to diversify its export
base to include emerging markets, real estate is one area of the
economy that could well be hit hard. |
