I'm going for good.

I have invested on the Palm on the Sepang Goldcoast. At the time I secured a unit there it seemed to meet all my criteria for investing. At that time the Malaysian economy was strong, now there seems to be a bit of Political upheaval and I am not sure how this is going to affect the economy and ultimately my investment.

Is anyone a bit more 'up' on all things Malaysian than I am and do people still see Malaysia as a good investment?

Is the far East going to be hit by the infamous 'credit crunch' that is starting to hit the UK now and IMO will have an affect on most, if not all, of the Western world?

Cheers

Hi Yogi,

The so-called "credit crunch" has been fabricated by a load of greedy banks who were over charging poor people for lending them money that they could never hope to repay. When they got burnt, they simply blamed global issues and were not prepared to look at their own short-comings.

Most of these banks are in the Western hemisphere, and lenders in the East have not had to cover their tracks or admit their mistakes/greed.

Consequently banks from the Middle East, Hong Kong, Singapore and Malaysia are still experiencing a healthy demand for finance, do not have to load their interest rates to recoup what they lost through their stupidity/greed and are doing quite nicely thank you.

Average rental yields throughout Malaysia are about 8%, so banks are not all that worried about lending out to clients wishing to invest in BTL properties at rates of about 6%.

As ever, the usual issues surrounding exit strategy would apply to the "Palm" style developments, and a better bet would be serviced condominiums in Kuala Lumpur City Centre for investors looking to make a sizeable profit on minimal capital outlay.

If you need any further info, please send me a pm or email.

Have a good day.

Andy

Anyone purchased on this development?? Me and a few of my friends have put down deposits on apartments a few days ago. Looks good for strong rental yields and capital appreciation.

Located on the Base of the Palm.

Rgds
RED

Another area for investment in Malaysia is the Iskandar IDR area. Which is currently jointly developed between J.B (Malaysia) and SIngapore. This special economic zone will be jointly promoted by the regional government of JB and Singapore to attract high value manufacturing and technology companies to setup manufacturing and R&D facilities there. As it is like a Special Economic Zones in India, the companies operating in that area will enjoy special perks and incentives. Not mentioning specially built infrastructure, posh offices and manufacturing facilities and telecommunications and transportation will be world class.

There are of course interesting commercial and industrial investments available within SIngapore that are supporting the Iskandar IDR area, complementing rather than competing with them.

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Singapore and Asian Property
www.hot-property.sg

PICS from the Palm apartments Sepang Gold Coast, Malaysia. Similar finishing will be available on Phase II "Tropical Cluster".