Malaysia is emerging as one of the most sustainable economic success stories of the Asian region

Since it became independent, Malaysia's economic record has been one of Asia's best. Real gross domestic product (GDP) grew by an average of 6.5% per year from 1957 to 2005. Even in these uncertain global economic times, Malaysia is managing to remain in a robust position with average annual GDP appreciation in the region of an impressive 6 percent.

High levels of foreign and domestic investment played a significant role as the economy diversified and modernized. Once heavily dependent on primary products such as rubber and tin, Malaysia today is a middle-income country with a multi-sector economy based on services and manufacturing. Malaysia is one of the world's largest exporters of semiconductor devices, electrical goods, and information and communication technology (ICT) products.

The government has also sought to attract significant and sustainable levels of foreign direct investment through advantageous taxation and fiscal incentives, and the government has been active in the direct promotion of Malaysia as a stunning place to visit as well.

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 Singapore.

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 percent last year alone, according to the World Travel and Tourism Council’s statistics.

Please click on the link for more information about overseas investment property in Malaysia

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