22 Mar '16, 4am

Wealthy Malaysians favour Singapore property - PropertyGuru Singapore (press release)

Singapore is a popular property investment destination for wealthy Malaysians. (Photo: William Cho, Wikimedia Commons) Singapore was ranked the second top choice for wealthy Malaysians who can afford offshore real estate, according to PropertyGuru’s latest market sentiment study. Of 326 individuals surveyed online, 21 (seven percent) own a high-rise or landed home outside Malaysia. Of this, 20 percent have acquired a house in Singapore. Meanwhile, Australia took the top spot, with 23 percent having bought a home there, while India and Germany were also among the most popular choices, with a respective 18 percent and eight percent of those surveyed owning homes there. “According to other studies, many Malaysians choose Australia as their second home as it is located comparatively close to Malaysia at a few hours’ flight (away), and for its better working environment and bet...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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