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NK Tong, Group Managing Director of BKP, said this during the recent National Property and Housing Summit held by ASLI (Asian Strategy and Leadership Institute).

He said the property market has remained flat for the last 12 months but believed that Kuala Lumpur is picking up in the high-end segments such as commercial, retail and residential. He added that the KL property market is often overlooked by international real estate investors as it is perceived to be small when compared to that of Singapore. He is positive that it will not be long before investors realized the potential of the properties here as they are relatively affordable and yield higher returns.

NK also said that foreigners are keen to buy properties that offer good security, prime location and respectable yield. Hence, Mont’Kiara and KLCC are the places that should be marketed to these foreigners as they offer such benefits, and are also expatriate havens. The summit, which received overwhelming response from more than 200 participants from various property developers, focused on several hot topics that revolved around the property industry in Malaysia.

One of the highlights of the event was the Property Taipan Roundtable discussion where NK was invited as one of the panelists to give professional views on “What is New and What is Hot in the Property Industry”.

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