Malaysia’s economy experienced a burst of activity in the first half of the year, but it has cooled down since. Still, the Malaysia-related exchange traded fund (ETF) may continue to see a growth trend.
According to Bernama, Malaysia’s economy is expected to expand by 5.3% in 2010 on increased domestic spending, lower budget deficit, structural reforms, and domestic business and foreign direct investment.
Property consults opine that the property market will continue to grow, without worries of a possible bubble, writes Christine Lim for Bernama.
Executive chairman of Rahim & Co Chartered Surveyors Sdn Bhd, Datuk Abdul Rahim Rahman, stated that increased residential transactions “is expected to continue next year as the Malaysian economy is improving.” Governmental initiatives and further urbanization will also aid the property sector, adds Rahman.