London Property Marketer – Malaysian Property Recovers in Tandem with Regional Recovery
Aug 20, 2010
The Asia Pacific region is showing clear signs of recovery and growth in the global property market, making Malaysian property attractive for investors and home buyers.
According to the Prime International Residential Q2 Review by Chesterton Humberts, a London-based high-end property marketer, the millionaire population is rising fastest in the Far East with Singapore, Malaysia and China all recording growth of 35%, 33% and 31% respectively. This has helped fuel recovery in the region.
Andrew Hawkins, Head of International, Chesterton Humberts, commented: "Disparities in the performance of global residential markets remain apparent in the post-recession era. The star performers are in the Asia-Pacific region while recovery in Europe and North America is more laboured with transaction volumes remaining well below pre-recession levels."
He added, “Appetite for prime residential property both for lifestyle and investment reasons remain firm... Prime property is serving its time-honoured role as a refuge in times of international upheaval.”
