Kita Ward, located in the northern part of Tokyo, is home to 340,287 residents. The name “Kita” means “North,” which helps identify its position in Tokyo. Kita Ward borders Saitama prefecture and is surrounded by neighboring wards Itabashi and Adachi.
Kuala Lumpur and Penang, the two biggest cities in Malaysia, encounter a depressed property price. Furthermore, the market in both cities is also suffering oversupply. On the other hand, the local Malaysian Ringgit currency exchange against US Dollar has to float around the lowest level since the 1980s.
Analyzing the current issues, it might be a bad situation for Malaysia property market. Meanwhile, for those who believe the market cycle will revive in the future, then it will be a good time to invest in Malaysia real estate.
Quoted from Reid Kirchenbauer, the founder of InvestAsian thinks Malaysian property is now undervalued especially in terms of most global currencies. This will be a captivating period for foreign buyers to enter Malaysia property market.
The market projection shows there will be three aspects to help Malaysia property market rise up, which are the growing population, strong economic, and its competitive price.
Data shows that Malaysia has a growing population, which forecasted will increase by 20% in the year of 2030. The population will be on the rising middle class and will drive demand in bigger cities in Malaysia. More population will also grow a long way towards taking up the excess supply.
From economic potential, as Southeast Asia’s third wealthiest country, Malaysia is predicted to grow by 5.2% this year. This number is showing better performance than most emerging countries. As a result, locals will have higher ability to afford real estate, which means stronger demand and soon will be rising property values.
Being one of the richest countries in the region, Malaysia’s property values are still low compared to Southeast Asia’s market. Price for real estates in Kuala Lumpur’s city-center could even be cheaper than real estates in Bangkok or Hanoi, for those are less developed cities.
Regarding the downhill of the Malaysia Ringgit currency exchange rate, the price is even cheaper for foreign buyers while converted to foreign currencies. The current conditions mentioned above makes Malaysia real estate a promising market for investors.