Rising prices in Singapore has investors eyeing Malaysia

5th August 2011
http://www.property-report.com/

As real estate prices in Singapore continue to spiral upwards, investors of the city-state are beginning to turn their attention towards cheaper pastures. According to recent research from Property Guru, as many as 37 per cent of respondents in a survey of Singaporean investors said that they are considering investing in the housing market of northern neighbor Singapore, says the International Business Times.

The 37 per cent figure makes Malaysia the most popular international destination for Singaporean buyers, and with good reason. Speaking with Channel News Asia, director of Singapore Tenancy Management Tom O’Reilly praised the Malaysian property market. “Malaysia as a country has extremely strong fundamentals and the property market in Malaysia tends to be a lot less volatile than Singapore,” he said.

In addition to the 37 per cent eyeing Malaysia, nearly half of the study said they would consider not just investing, but outright purchasing property outside of Singapore.