The property sector in the country is likely to weaken further amid worsening economic conditions with the malaysia property market expected to rebound in two years. Property consultanty firm Rahim & Co Chartered Surveyors make the note porperty investors.

Executive chairman Datuk Abdul Rahim Rahman said people were getting more prudent with their spending, adopting a wait-and-see attitude that has resulted in the property market getting softer.

The price of luxury condominiums in Kuala Lumpur City Centre (KLCC) for example are down 15% to 20 %”. Apart from that, the ongoing buildings development activities outside the central business district may push down the rental rate for offices when they are ready by 2010 – 2011 as a result of oversupply of office space. Malaysia property market getting influence during the current economic uncertainty. Read more »

Real estate investors should look at the positive side during the current economic uncertainty, as there is still some upside in this sector.MGPA (Bermuda-based real estate investment company) invest RM2 billion in real estate market.

Construction cost is now at a moderate rate and with careful selection of property investment, MGPA still can make benefit. MGPA will invest RM2bil (including acquisition and construction costs) in The Intermark.

The amount involves the complete refurbishment of 62-storey landmark grade A office building Vista Tower (formerly known as Empire Tower), a new international grade A office building Integra Tower, retail centre Intermark Mall (formerly known as City Square) and Malaysia’s first Doubletree by Hilton Hotel.

MGPA – through it’s Asia Fund 2 – acquired the Empire Tower, City Square, the Crown Princess Hotel and Plaza Ampang in 2007 for about RM760mil. Read more »

While waiting for property market to pick up in property development, Mulpha International Bhd will forge ahead with plans to develop its property projects in anticipation of better demand once the economy and in turn the property market picks up again.

Executive chairman Lee Seng Huang said the group would focus on its Leisure Farm Resort in Iskandar Malaysia, Johor as well as its high-end boutique property development in Bangsar and an office tower in Jalan Sultan Ismail, both in Kuala Lumpur, to enhance its property portfolio.

Mulpha International Bhd is very confident of the quality of their unique property developments and has a strong balance sheet to ride out this storm. However, they remain conscious of capital expenditure and are tailoring the property project timing according to the rapidly changing property market. environment.

Lee said there were a further 600acres to be developed at the RM2.1bil Leisure Form Resorts – a gated resort property development that covers about 1765 acres surrounded by rivers, orchards, parks and a mangrove swamp. Read more »

For property investment neophytes, be afraid of the challenges and pitfalls property investment market. Lack of Property investment guide? Property investment it’s hot dozens. Doesn’t matter it’s a piece of property for your own personal use or property investment purposes, it’s gather up own money and is huge number.

Firstly, set you own goals and purpose of investing in property market. The goals for property investment guide you for the direction of investing. Try to view a certain number of properties per week, make many offers per month, and check online for new listings every week. Watch out public notices for the announcement of foreclosure sales. These goals will lead to action that will inevitably lead to positive results. Read more »