The Top 11 Property Hotspots Contest

"Massive changes will occur in the real estate industry in 2011. Where should property investors focus this year? Where are the investment hotspots in Malaysia and Klang Valley? Which locations are best for investment purposes?

In conjunction with Swhengtee International Real Estate Investors Club's "The Best, The Worst, All in 2011" seminar, a "Hotspot Investment Contest" was held to gather the views of 250 investors, on where they perceive as the top 11 hotspots in Malaysia and Klang Valley.

We are pleased to announce that the results are out and that the winners are as follows:

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2020 to be Golden Era for Malaysian Property Investment

9th February, 2011

Real estate investment in Malaysia will see its golden era in the next 10 years, said Gavin Tee, Founding President of Swhengtee International Real Estate Investors Club (Swhengtee International REI Club).

Mr. Tee recently predicted that the Malaysian property market should have matured by 2020 and reached its pinnacle. Over 10 million people will work and live in the growing Greater Kuala Lumpur megalopolis, while a minority of the population will own most of the properties in city centres or other prime areas.

With condominium prices hitting RM2,900 psf and land prices reaching RM7,209 psf in the Golden Triangle, along with various development and infrastructure works happening within the surrounding areas, luxury condos will likely escalate to RM5,000 psf in the next five years.

By 2016, Iskandar Malaysia will likely have the second highest property values after Kuala Lumpur, with the expected Singapore-Kuala Lumpur High-Speed Rail train passing through various major infrastructure works, as well as investments and projects taking place.

Mr. Tee added that Malaysia’s tourism-related properties will become the most expensive by 2018, as the country increases its attractiveness as a tourist destination. Gunung Mulu National Park, George Town, Kinabalu Park and Melaka are on the World Heritage List of UNESCO, making them international tourism destinations.

Mr. Tee said residential prices in Malaysia rose just 3.3 percent in 2010, quoting Deputy Housing and Local Government Minister Datuk Seri Lajim Ukin. Citing a survey by the Global Property Guide, he said price appreciation of residential properties in the country was the second lowest in Asia. This makes property investment in Malaysia attractive, he said.

Source from

Golden Era for Malaysian Real Estate Investment

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