{"id":17346,"date":"2016-06-22T17:41:53","date_gmt":"2016-06-22T10:41:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/inside-malaysias-efforts-to-weather-a-lethargic-property-market\/"},"modified":"2016-06-22T17:42:18","modified_gmt":"2016-06-22T10:42:18","slug":"inside-malaysias-efforts-to-weather-a-lethargic-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inside-malaysias-efforts-to-weather-a-lethargic-property-market\/","title":{"rendered":"Inside Malaysia\u2019s efforts to weather a lethargic property market"},"content":{"rendered":"


\nMalaysian and Chinese governments team up for real estate developments
\nImage credit: FreeMalaysiaToday.com
\nGrappling with a comparatively listless property sector, Malaysia is counting on one trick up its sleeve: a continuous outpouring of foreign direct investment (FDI). In an effort to elevate FDI numbers, the Malaysian government has introduced a round of tax exemptions to willing investors.
\nAccording to the Nikkei Asian Review, investors in Bandar Malaysia, a joint venture between the Chinese government\u2019s China Railway Engineering Corp and Malaysia\u2019s Iskandar WaterFront Holdings, stand to enjoy income tax breaks for the next 10 years, among other incentives.
\n\u201cAs a diversified economy, we believe we can withstand these challenges and overcome them, especially with the continued inflow of foreign investments into the country. We are definitely doubling our efforts in achieving the country\u2019s investment target,\u201d International Trade and Industry Minister Mustapa Mohamed said.
\nChina Railway Engineering is ploughing MYR200 billion (USD49 billion) into Bandar Malaysia, which will feature a 350-km high-speed rail line to Singapore down south, to be followed by a longer line toward Kunming, China up north. The development will also be home to the state-owned company\u2019s Southeast Asian headquarters.
\nMore: Western zones of Iskandar Malaysia to see price surge in next 10 years
\nChina has openly kindled interest in Malaysian property over the past year, and Malaysia\u2019s government has been quick to incentivise such interest. In March, Prime Minister Datuk Seri Najib Razak accorded a duty-free status on Forest City, a \u201csmart city\u201d project of China\u2019s Country Garden Group in Johor.
\nMalaysia approved MYR12.8 billion (USD3.1 billion) in FDI projects in the first quarter of this year, up from 10 billion ringgit over the same period in 2015.
\nSome suspect the increased Chinese activity is China\u2019s way of repaying Malaysia for taking a less combative stance in the ongoing territorial dispute over the South China Sea.
\nMalaysia may stand to benefit in the long run. With FDI oozing from China, Malaysia may be on track to achieve its dream of achieving developed-country status by 2020.
\nKuala Lumpur will host the inaugural Property Report Congress Malaysia on 11 August 2016 at the InterContinental Kuala Lumpur. The whole-day conference is a dedicated, high-level forum for industry leaders, VIPs, and real estate professionals to discuss how to continue driving growth and excellence in one of the world\u2019s emerging real estate markets.\u00a0For tickets, partnerships and enquiries, visit the\u00a0website\u00a0or contact\u00a0Amy@propertyguruinternational.com.
\n
\nSource : property-report.com
\nRead more…Inside Malaysia\u2019s efforts to weather a lethargic property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Malaysian and Chinese governments team up for real estate developments Image credit: FreeMalaysiaToday.com Grappling with...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-17346","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4vM","jetpack-related-posts":[{"id":29327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-interest-in-malaysian-property-increased-five-fold-this-year\/","url_meta":{"origin":17346,"position":0},"title":"Chinese interest in Malaysian property increased five-fold this year","date":"October 10, 2016","format":false,"excerpt":"\r But why now? 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