The allure of Kuala Lumpur for Singapore investors

30-Aug-2011 Intellasia | Straits Times | 7:01 AM Print This Post

Sky-high prices and tighter financing rules are sending increasing numbers of Singaporeans across the Causeway to snap up property.

Malaysia’s relative affordability and proximity are proving to be a powerful lure for investors deterred by rocketing values in Singapore.

Private home prices surged 17.6 per cent in Singapore last year, prompting the government to toughen up financing rules, including for existing home owners buying another property.

Tim Murphy, managing director of international property investment company IP Global, said Kuala Lumpur is becoming a prime investment location in Asia with its stable property market and relatively low prices. -By Esther Teo

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_707146.html

 


Category: Singapore

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