Singapore investors will head to Malaysia, says expert
Demand for property in Malaysia is likely to rise as a result of the Singapore government’s recent cooling measures, according to a report by Yahoo News.
Gavin Tee, founder and President of SwhengTee International Real Estate Investors Club believes that while the measures will slow down the Singapore property market, the Malaysian market will see increased interest from buyers.
The overarching cause of this will be the availability of high margin financing in Malaysia, in comparison to the recent loan-to-value (LTV) measures by Singapore.
"For Singaporean non-individual purchasers, they may now only get as low as 20 per cent financing, whereas individuals will get 20 per cent if their loan term is above 30 years from their third property purchase," he said.
Mega-project offerings and attractive tax measures will also contribute.
Malaysia has already seen hot interest from Singapore buyers in recent months – In December, PropertyGuru’s Malaysia Property Show (MPS) in Singapore had over 2,000 visitors.
At the show, 25 premier units were sold at a combined price of RM22.6 million (S$9 million) and 331 leads were created.
For Singapore’s neighbour, there is no doubt a strong demand for properties.