Malaysian properties continue to experience strong demand from Singapore-based investors setting their sights on growing their overseas real estate portfolio across the causeway in lieu of the recent cooling measures enacted by the government.
In just one weekend, the PropertyGuru Malaysia Property Show, which features prime Malaysian properties by Malaysian property developers, set a new visitorship record of more than 3,500 property seekers and saw over RM49 million worth of sales transacted from the sale of 55 luxury Malaysian properties.
Malaysian exhibitors who participated in this round of the PropertyGuru Malaysia Property Show were Mayland, UEM, Sime Darby, Tanah Sutera, Plentitude, Dijaya, Land & General, Mah Sing, Gunung Impian, Taipan Eagle and Maybank.
“Malaysia has always been the top-of-mind favourite for local investors searching for alternative investment options outside of Singapore. The 6th and 7th rounds of cooling measures between Q3 2012 and Q1 2013 have played a role in boosting the attraction for properties across the Causeway. The absence of purchase restrictions and the favourable exchange rate of the Singapore Dollar are also factors,” shared Steve Melhuish, Co-Founder and Chief Executive Officer of PropertyGuru Group.
Now in its 4th instalment, the PropertyGuru Malaysia Property Show has seen a clear and steady growth in terms of visitorship and volume of sales transactions since its launch in 2011. The recent event has seen a four-fold increase in visitorship and three times the number of properties sold as compared to a year ago.
The Malaysia Property Show is part of PropertyGuru’s monthly international event platform which showcases properties from cities across Asia, leveraging on the popularity of online property search and actual on-ground investments to enable property investors to make smarter property decision faster.
“The latest edition of PropertyGuru’s Malaysia Property Show has proven to be a hit with the immense support seen from the record number of visitors and amount of sales over the weekend. We are looking to host more investor events in the coming months,” shared Melhuish.