Mainland Chinese groups have emerged as the top property investors in Malaysia, with US$2.1 billion (RM9.25 billion) of completed transactions over the last three years.

The Financial Times reported that this was in comparison with US$985 million (RM4.34 billion) invested by Singaporean companies over the same period.

The report quoted figures from Real Capital Analytics, which was based on completed transactions of US$10 million and above.

According to the report, Malaysia emerged as a favoured destination for mainland Chinese investors seeking a cheaper alternative to Australia and Hong Kong.