Malaysia’s general election on Wednesday, which has highlighted political uncertainty in the country, may crimp the confidence of Chinese investors, sparking an investor flight towards Singapore property, at least in the short term, analysts said.
Demand for Malaysian property has been lacklustre recently, and some pullback by Chinese investors during the last few months in the run up to the election on May 9 is understandable when instability and policy uncertainty is on the cards, said Christine Li, senior director and head of research at Cushman & Wakefield Singapore.