Wander around Kuala Lumpur, in the shadow of the mighty Petronas Towers, and it’s clear that Malaysia, which celebrates half a century of independence this year, is going places. You can forget those colonial images of mile after mile of sleepy rubber plantations; five years from now Malaysia will be importing rubber from Thailand. In KL, the capital, in particular, there is a prosperous, fast-growing middle class needing property. But Malaysia also has a Second Home Programme, aimed at people from overseas thinking of retiring to the country.
Despite the fact that all Public Housing Projects (PPR) in Kuala Lumpur have been completed, the city is nowhere near its Zero Squatter target.
“We have enough units to relocate all squatters in Kuala Lumpur, but they do not want to move, thinking that the PPRs are too far away,” City Hall deputy director-general Mohd Amin Nordin Abdul Aziz said.
Singapore. Prices of private residential properties in Singapore rose 8.0 percent in the three months to September. The third quarter’s price rise is based on preliminary data and follows an 8.3 percent increase in the second quarter through June.”The government will continue to monitor prices closely,” said the URA, adding “the government will make available more sites for private residential development next year if demand remained strong.”
