These past few months, I received smses, and msges asking me, if I have purchased my Danga Bay property in Malaysia.
My answer is NO. Here are the reasons.
1) Instable political landscape in Malaysia
Strong governance is very important in a country that you will like to invest in. The recent Bersih rally, worries me a lot. Roads are blocked and businesses suffered. Police officers were beaten up and their patrol car overturned.
I believe, the opposition parties have a stake on this rally, and they will continue to push for such rallies in the future. They will make Malaysians angry with the current government. When people are angry, they will venge it on the streets. When people venge it on the streets, it will get ugly. I am expecting more demonstrations in the future.
This type of democracy is unhealthy. Foreign investors like me, will not want to invest in countries with disastrous political turmoil.
2) Crime rates
Everytime, I flipped the papers, watch the tv for news, it is always about crimes in Malaysia.
You can take a look here. http://www.facebook.com/#!/photo.php?v=379757725412953
When such things occur, I don’t feel safe. I don’t feel secure. It will not stop me from visiting Malaysia, as a tourist, but as an investor, I will think 2,3 or 4 times, before making an investment decision. But till then, I shall wait till the situation improves.
Hope, my explanation clarifies.