There is a lot of foreign interest in Malaysian property, normally for high-end assets, and the bulk of them turn to the Internet first when starting their search.
About two-thirds of foreigners go online first when they are looking to buy property abroad, an online survey by iProperty.com Group revealed.
"The Internet featured prominently as the tool of choice, with 95 per cent of overseas investors using it to hunt for properties available for sale," executive chairman Patrick Grove said.
Foreigners also use the Internet to research market trends, find out more about developers and look for real estate agents.
The typical overseas property investor is a professional or a senior executive, with an annual household income of well over US$40,000 (RM130,800).
Malaysia, alongside Singapore and Thailand, features among investors' top choices for property investments, the survey showed.
iProperty.com Group conducted an online survey of 2,066 local and overseas property buyers looking for investment opportunities in Asia, from November 15 to December 31 2007.
Dubbed "Asia Property Trends Survey 2007", the results are to be released in two parts.
By New Straits Times
Friday, January 11, 2008
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