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Malaysia: Improving investment prospects

14.01.2009
Homesoverseas.ru editorial office
58
Real Estate Specialists in Malaysia welcomed the Government's statement that it would consider the proposal of the Foreign Investment Committee, aimed at protecting the country's real estate market from a possible slowdown. President of the International Real Estate Federation of Malaysia Datuk Richard Fong said that the Committee's recommendations, which in December 2006 had been implemented, have already attracted additional investment from the Middle East, as well as from Korea, Japan, China, Britain and the United States. At the moment, the right of a foreign citizen to buy property need to confirm the public authorities. The transfer of ownership takes place only with the consent of the government, while playing the role of location and type of housing, as well as the ratio of the number of objects belonging to foreigners, and the total number of units.
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