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Overseas investment in the
Malaysian property market is remaining strong despite the current
economic climate, it has been suggested.
Chief executive officer of TH Properties Zaharuddin Saidon made the
claim at the launch of a new property organization in the country, The
Edge Daily reports.
Speaking at the event, Mr Saidon was quoted as stating that despite some
investors reconsidering their position due to the credit crunch, many
are still choosing to purchase property in the country.
"This [the foreign participation] will be in high-end [residential
properties]," he remarked, adding that the relative safety of the
Malaysian property market is attracting cash-rich investors.
Buyers who have yet to decide about making a purchase in the country and
are looking for reassurance that the location is still a viable option
for investment may welcome the news.
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