17 Mar '14, 6am

Don’t rush to buy into ‘hot spots’ #property #invest #Malaysia

Recent curbs hit genuine buyers Malaysia has long been Plan B for Singapore property investors deterred by cooling measures and sky-high prices here, but there are plenty of pitfalls across the Causeway for the unprepared. The fact that it's right next door does not lessen the risks for local buyers, who should arm themselves with a good understanding of the country's rules and regulations. The very nature of investing in real estate offshore is in itself a chancy endeavour, as National Development Minister Khaw Boon Wan highlighted last Monday. He warned in Parliament that Singaporeans, when buying properties overseas, should take note of the added risks and complexities arising from differences in legal and regulatory frameworks. That has not stopped Singaporeans from making a beeline for Malaysian hot spots such as Kuala Lumpur, Penang and, more recently, Johor over the...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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