SLOWER MOMENTUM: Image shows labourers working on an apartment building under construction in Kuala Lumpur. Wong explains that today’s investors are aware that they have choices beyond Malaysia and while keeping a close watch of the local scene for new opportunities that may arise, cash-rich investors never leave their money to sleep.
Seulyn Wong,
KUCHING: Properties in Malaysia over the recent years have experienced a huge buying frenzy in particular projects that are viewed to hold growth potential.
Seulyn Wong, a property investment strategist at Ironfish Australia noted that the momentum however had slowed and investors today were more cautious and selective which reflected the fewer transactions made.
“While there are still good factors around, such as the relatively low interest rates in Malaysia, investors are watchful of developments in political and economical fronts in Malaysia, regional and worldwide,” stated Wong in an exclusive interview with The Borneo Post.
“There is still plenty of liquidity in the market, but seasoned investors are mindful of potential government policies and measures that will impact on the attractiveness of the property market,” she added
She opined that today’s investors were aware they had choices beyond Malaysia. While keeping a close watch of the local scene for new opportunities that might arise, cash-rich investors never left their money to sleep and would continuously screen the international scene to cherry pick top-rate properties delivering excellent returns.
Property investment overseas had become very easy thanks to the internet and the availability of efficient servicing organisations to facilitate property transactions, she pointed out.
“Today, the concept of buying sight unseen is very common. Buyers use simple internet tools such as google maps to view and evaluate properties. Smart investors treat each transaction as a business, take away their emotions and focus on the numbers and bottom-line to make fast decisions.”