Even in these uncertain global economic times,
As an oil and gas exporter,
Huge Government support
A spokesperson for Experience International commented: “So far, the government has actively supported foreign direct investment in the real estate industry in particular by abolishing restrictions on the foreign freehold ownership of property, by eliminating real property gains tax and by making the entire property ownership process transparent and straightforward.
“This has drawn great interest to a nation which has an active and affluent property scene and which offers a far lower cost entry point into the regional real estate market compared to other favourites such as Hong Kong and
”In addition to this, the government designated 2007 ‘Visit Malaysia’ year, and they maintained a concerted effort of international promotion that pushed visitor numbers up by 10.5% last year alone, according to the World Travel and Tourism Council’s statistics.
“Going forward, this massive promotional push has been backed up by solid ongoing investment into the tourism industry and related infrastructure in