21 Dec '11, 12pm

More S'poreans looking to buy property in Malaysia:

More S'poreans looking to buy property in Malaysia:

SINGAPORE: It appears that more Singaporeans are looking at buying private residential properties in Malaysia according to some real estate agents. Malaysia-based developer Eastern & Oriental, for instance has seen a 20 per cent increase in enquiries on its project in Penang from home hunters in Singapore. Fifty-six-year-old retiree Soh Poh Neo has been investing in properties in the US and Singapore for the past 20 years. Last year, she turned her attention to Malaysia and bought two luxury apartments at Andaman at Quayside condominiums in Penang. "I don't think I can find this sort of project in Singapore. With the unblocked seafront, you can only find it in Sentosa," she said. Her apartments won't be completed till 2013, but she said prices have already gone up by over a third. Apart from attractive prices, Madam Soh said she was also drawn to Penang's economic prospect...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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