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Survey: Malaysia tops regional average for future property investments abroad
KUALA LUMPUR: Nearly half of clients surveyed by property consultancy firm Knight Frank are still looking to invest in property overseas over the next few years.
In its latest wealth report, Knight Frank said 43% of its Malaysian clients plan to invest in properties overseas, going forward.
At 43%, Malaysia topped the survey in terms of those looking to invest abroad, followed by Hong Kong (40%), China (37%) and Singapore (30%).
Knight Frank said 45% of Malaysians were planning to invest in properties domestically, going forward.
South Korea topped the survey at 49%, followed by Australia (47%).
Philippines, like Malaysia, also saw 45% of clients looking to invest domestically.
“When it comes to future purchases, Asian and Australasian respondents offer a mixed view.
“Only three countries – Malaysia, Hong Kong and China – were above the global average of 34% when considering overseas purchase,” said Knight Frank’s The Wealth Report Attitudes Survey 2018.
It also said Malaysia and China lead the region in the number of primary or secondary homes owned by wealthy individuals.
“On average, Malaysian respondents to the survey said their clients owned 3.5 homes each while their Chinese counterparts were not far behind at 3.3.”
Source: https://www.thestar.com.my/business/business-news/2018/04/05/survey-malaysia-tops-regional-average-for-future-property-investments-abroad/#PVMw348THgc2UMQK.99