The average price of city apartments in Malaysia is the second lowest compared with other countries in the region.

In a statement in Kuala Lumpur today, Global Property Guide (GPG) said according to its research, only Indonesia offered city apartments that were priced lower than those in Malaysia.

"In comparison, the average price of city apartments in Singapore is almost eight times more than in Malaysia, beating even Australian prices, which are almost five times higher more than Malaysian city apartments.

klcc condominiums troika 130306 "Other countries surveyed included Philippines, Cambodia and Thailand, where high-rise residential properties in the city cost more than Malaysia," it said.

The statement said GPG has developed the world's only global rental yields database to support a fundamental investor perspective and developed the world first global transactions costs database, said GPG founder/publisher Matthew Montagu-Pollock.

"International property buying is here big time. Yet people often don't get the information they need," he said.

Montagu-Pollock will be in Kuala Lumpur to address an international property seminar entitled 'Property Market Outlook' organised by Iskandar Associates from Nov 29-31.

He will be sharing his views with participants on the property market outlook for Asia in 2011.

Other speakers include Dr Mohammad Daud Bakar, founder and managing director of Amanie Islamic Finance Consultancy and Education and Hentry Butcher Malaysia (Penang) Sdn Bhd director, Dr Teoh Poh Huat.

- Bernama