2012 bible verse
Apocalyptic Deja Vu - Part 3
Will Malaysia Be The Property Investment Destination For 2012?
According to Statistics announced by the Malaysian Institute of Economic Research (MIER), Malaysia is predicted to reach 5% growth in 2011, based on gross domestic product (GDP) figures for the first three quarters of 2011.
At the recent National Economic Outlook Conference, Dr Zakariah Abdul Rashid, executive director of the MIER stated that if the government can maintain a similar performance for the fourth quarter, Malaysia's economy will be able to achieve the anticipated 5 to 5.5%.
“It is possible. The average for the first three quarters was 5.1 per cent,” Rashid commented. “Also, the government has yet to finish its plan to increase expenditure.”
In quarter three the Malaysian economy had grown by 5.8% according to numbers released by the Bank Negara Malaysia. Growth for Q1 and Q2 was revised to 5.2% and 4.3% respectively.
Despite the global economies uncertainty, a number of Eastern economies such as China and Indonesia, though affected, have stayed strong.
Rashid also stated that external sectors have a negative effect on the Malaysian economy but domestic demand through the government's policy initiatives will help to soften its impact.
“Private consumption will also remain healthy while private investment will be boosted by the implementation of projects under the ETP,” Rashid continued.
Previous predictions by the Malaysian Institute of Economic Research stated that GDP growth for 2011 and 2012 to be at 4.6% and 4.2%.
There are good signals that Malaysia is a country to watch in terms of investment, with a number of investors looking to see how the country fairs up for the remainder of the year.
Experience International a leading London based overseas property investment company has indicated that they will expand their current range of investments to include projects in Malaysia early next year.
The Asia property markets have been performing well over the past few years while the western world has been trying to recover from the economic downturn.
The Philippines has been a market to watch and has seen a lot of activity with international brands and celebrities endorsing with} the property market in Manila. Trump Tower Manila, Versace Home designing the Milano residences, and Paris Hilton working on the Azure Urban Resort Beach Clubhouse for Century Properties are a few of the high profile new property developments in the Philippines.
Watch this video showcasing the Versace Home development Milano Residences.
We suggest that the Malaysia property market will start to attract a growing number of international investors moving into 2012 and beyond and that we will see new global branded property development in Malaysia also.
2012 bible verse
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