AT the recent StarProperty.my Fair 2017 held at the Kuala Lumpur Convention Centre, speakers from different industries shared insights on topics related to property hotspots, investment strategies and Budget 2018.
Property buying for Gen Y with the transformation, timing and demand model, by REI Group of Companies chief executive officer Dr Daniele Gambero and Khalil Adis Consultancy founder Khalil Adis
Khalil Adis
The high-speed rail project that connects Kuala Lumpur and Singapore – covering 350km in 90 minutes– as announced by Prime Minister Datuk Seri Najib Razak will be a game changer for the Malaysian property market.
Malaysia is the second most developed country in South-East Asia after Singapore and is a preferred destination for tourists, foreign direct investment (FDI), education and healthcare.
The Asian High-Speed Rail (HSR) network will give a much-needed boost to fast connectivity and mobility, which in turn will lead to better economic ties among the neighbouring countries. Malaysia will significantly benefit from it economically.
The expected positive economic impact would be in the tourism, education, and digital sectors via the Digital Free Trade Zone (DFTZ), among others.
Consequently, this will help boost the property market in the medium to long-term period. It will be fascinating to see how the government will plan development and economic clusters from along the HSR cities.
At the same time, home seekers should pay attention to the development master plan, transportation plan, government budget allocation, economic drivers and job creation.
Dr Daniele Gambero
