Real estate investment in Malaysia will see its golden era in the next 10 years, said Gavin Tee, Founding President of Swhengtee International Real Estate Investors Club (Swhengtee International REI Club).

Mr. Tee recently predicted that the Malaysian property market should have matured by 2020 and reached its pinnacle. Over 10 million people will work and live in the growing Greater Kuala Lumpur megalopolis, while a minority of the population will own most of the properties in city centres or other prime areas.

With condominium prices hitting RM2,900 psf and land prices reaching RM7,209 psf in the Golden Triangle, along with various development and infrastructure works happening within the surrounding areas, luxury condos will likely escalate to RM5,000 psf in the next five years.