The country offers a relative bargain for luxury buyers
ORIGINALLY PUBLISHED ON MAY 17, 2017|MANSION GLOBAL | MARKET REPORTS
After a few sluggish years, Malaysia’s luxury real-estate market is poised to make a comeback.
Sales began slowing in 2014, and came to a near standstill in 2016 due to the country’s faltering oil and gas industry; stricter lending measures introduced by Bank Negara, Malaysia’s central bank; and a supply glut as luxury developments in the pipeline were completed, experts said.
However, according to Christopher Boyd, executive chairman of real estate services provider Savills Malaysia, for investors prepared to hold for the medium- to long-term, now is a “very good” time to buy.