25 Jan '14, 12pm

PropertyGuru Expert Blogs - Why Malacca could be the next big thing after Iskandar Malaysia

PropertyGuru Expert Blogs - Why Malacca could be the next big thing after Iskandar Malaysia

If you find investing in local properties too daunting and Iskandar Malaysia overhyped, you may want to check out Malacca. During a recent visit to the historic city, I was surprised by its transformation. A few years ago, there weren't many tall buildings and one could basically drive through town and see all there is to see in less than 15 minutes. Now, not only are there more buildings, well-known retailers are moving in and the number of tourists has shot up significantly. New hotels like Hatten are running at close to full occupancy despite it being just over a year old. Familiar shops like Esprit, MNG and Charles & Keith are nearby and you might get the feeling like you are in suburban Toa Payoh or Tampines . However, the difference here in Malacca is that your hotel rates and food prices are easily less than half of what you have to pay in Singapore, thanks to the s...

Full article: http://www.propertyguru.com.sg/blog/tag/why-malacca-could...

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