The government has eased up restriction on trade. In particular, within the property industry. In the NST today:
KUALA LUMPUR: Foreigners can now own or invest in as many houses costing more than RM250,000 per unit as they want in Malaysia.
In a statement yesterday, the Prime Minister’s Office said effective today, foreigners can buy residential units costing RM250,000 or more without seeking approval from the Foreign Investment Committee (FIC) under the Economic Planning Unit of the Prime Minister’s Department.
What will this liberalization do?
Foreign demand for local property will increase total demand for property in Malaysia. That will increase property prices, while holding supply constant, with all else being equal. It might also add more liquidity in the property market.
Today might be a good day to invest in properties, if supply is unable to cope with the future demand surge.
