Real estate developers are quietly optimistic that new projects and a steady flow of investments into Iskandar Malaysia, the multi-purpose development zone in the southern state of Johor, will boost investor interest in property in the region, particularly in the overstocked residential segment.
The latest national budget signals an acceleration of Malaysia’s digital drive, with both ICT research and development (R&D) and broadband provision awarded significant funding increases.
A national drive to reduce the oversupply of palm oil in Malaysia, the world’s second-largest producer, is expected to bring greater market stability, supported by government incentives and trade controls.
Short to medium-term prospects for Malaysia’s construction sector remain promising, with state and private sector spending on the rise as the government launches initiatives to spur industry growth.
A commitment to closer bilateral cooperation in the fields of innovation and education was among the leading outcomes of a visit to Kuala Lumpur from a delegation led by UK Prime Minister David Cameron in late July.
Higher tourist spending and longer holiday stays are supporting Malaysia’s efforts to reignite its tourism industry, bolstered by a more favourable exchange rate.
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