Kuala Lumpur, London and New York have been revealed as the three destinations in which the savviest property investors from Hong Kong are looking to acquire real estate.
At least this is the latest finding from a study by IP Global looking into the hottest markets for the coming year, Property Report has claimed.
Buyers originally from Hong Kong are looking to take advantage of expanding economies in all of the aforementioned regions.
Forecasts have placed Malaysia's potential economic growth to hit 5.3 per cent in 2011 and London is forecast to grow by 3.8 per cent, something which the company says is leading an ever increasing number of investors overseas for real estate purchases
"Malaysia's property market is driven by owner occupiers and domestic consumption, not pure rampant speculation like many parts of Asia," Tim Murphy, IP Global's founder and managing director, told the news provider. "The property market in Malaysia has remained stable during the global financial crisis and we are expecting it to improve substantially over the next 12 months."
- Tuesday 11 January 2011