Hong Kong’s property prices are high, and many Hong Kong people have fought overseas
Chen Zhuoming, the managing director of Emperor Real Estate, pointed out that the Malaysian central bank cut interest rates by 0.25% in May this year, and the benchmark interest rate fell to 3%. This is the first time in three years that interest rates have been cut, stimulating property investment market trading. The annual growth rate is twice.
Chen Zhuoming said that in the past, Hong Kong people loved to buy property in Thailand, but he believed that the current supply of real estate in Thailand is over-supplied and bearish on the prospects of the local property market. As for Malaysia, Chen Zhuoming said that property prices in the capital, Kuala Lumpur, have risen by an average of 3% to 5% per year over the past five years, and are expected to rise by 5% to 8% this year.
Kuala Lumpur’s new trading port sells 1.88 million
In addition, Malaysian developer ParkCity and Singapore real estate company CapitaLand partnered with Emperor Real Estate to host the Malaysian Property Fair in Hong Kong from August 3rd to 4th, launching Park Regent by the Water in Kuala Lumpur, Malaysia.
The units are on sale and the admission fee is HK$1.88 million
There are 505 tiered units in Park Regent by the Water, with a usable area of 872 to 4,887 square meters, 1 to 4 rooms, and there are also bungalows available. The project is expected to be occupied in July 2023.