{"id":8128,"date":"2016-03-16T18:09:45","date_gmt":"2016-03-16T11:09:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-no-doubt-malaysians-still-love-investing-in-real-estate\/"},"modified":"2016-03-16T18:10:36","modified_gmt":"2016-03-16T11:10:36","slug":"theres-no-doubt-malaysians-still-love-investing-in-real-estate","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-no-doubt-malaysians-still-love-investing-in-real-estate\/","title":{"rendered":"There\u2019s no doubt \u2013 Malaysians still love investing in real estate"},"content":{"rendered":"


\n\u201cProperty has consistently outperformed many other asset classes in Malaysia\u201d
\nKuala Lumpur (Image credit: Traveltamed.com)
\nDespite a massive drop in real estate investments in Malaysia, it has been revealed that investors in the country still prefer to put their money in the property sector.
\n\u201cYear after year, Malaysians continue to show a propensity for exporting capital in a need to preserve and grow their wealth \u2013 with a strong appetite for property,\u201d said Sarkunan Subramaniam, managing director of Knight Frank Malaysia.
\nThis appetite is underlined by the\u00a0The Wealth Report Attitudes Survey, which showed that 39 percent of ultra high net worth individuals (UHNWIs) in Malaysia are considering a residential purchase in 2016, the highest in the world.
\n\u201cIn terms of overseas destinations, Malaysia\u2019s top choice is currently Australia, which offers a favourable exchange for the Ringgit and good returns on property, not forgetting excellent educational and employment opportunities. Education will likely remain a significant driver with 77 percent of respondents in Malaysia saying demand for overseas education from Malaysian UHNWIs will significantly increase over the next 10 years.\u201d
\nMore: Malaysia\u2019s leading building associations make a green pact
\nAdditionally, the Attitudes Survey asked the wealth advisors on their clients\u2019 changes in portfolio allocation towards residential property. Majority (65 percent) of Malaysian respondents said asset allocation to residential property has increased over the last decade; while the same percentage said allocations would also increase over the coming 10 years \u2013 the highest seen across UHNWIs in Asia Pacific for both decades.
\nSubramaniam adds, \u201cMalaysians continue to put more faith in brick-and-mortar because property has given them very good returns over the last decade, and it will continue to do so in the next 10 years. Property has consistently outperformed many other asset classes in Malaysia.\u201d
\nThe average age of those with net assets of USD10 million or more is also examined in the report. While these multimillionaires in developed economies such as the UK and Switzerland are likely to be their mid to late 50\u2019s or 60\u2019s, developing economies tend to have younger multimillionaires. This highlights the opportunity for wealth creation in rapidly expanding economies, as well as the increase in global trade and mobility.
\nHolt explained: \u201cMuch of this newfound wealth in Asia has had an impact on the age profile of Asia\u2019s wealth brackets, reflecting the recent nature of the growth and opportunities in these markets. The average age of populations with USD10 million or more in net assets is a case in point, with Chinese individuals in this bracket on average 10 years younger than their Swiss counterparts.\u201d
\nThis story was originally published on PropertyGuru.com.my on 16 March 2016.
\n
\nSource : property-report.com
\nRead more…There\u2019s no doubt \u2013 Malaysians still love investing in real estate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cProperty has consistently outperformed many other asset classes in Malaysia\u201d Kuala Lumpur (Image credit: Traveltamed.com)...<\/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-8128","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\/p75ss1-276","jetpack-related-posts":[{"id":10222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-in-4-wealthy-malaysians-interested-in-buying-overseas-property\/","url_meta":{"origin":8128,"position":0},"title":"3 in 4 wealthy Malaysians interested in buying overseas property","date":"April 8, 2016","format":false,"excerpt":"\r Offshore real estate it is Private properties in Singapore Many wealthy Malaysians are keen to purchase an overseas property in the second semester of 2015, with Australia, Singapore, Indonesia and the United Kingdom being the top four investment destinations, according to a study by PropertyGuru. 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