In the recent 2nd Q 2011 Property Barometer released by IP Global, based on the strong performance of the Malaysian property market in 2010 and Q1 this year, it predicted the property market to remain strong throughout 2011.

“We estimate 7-10% growth of capital values in Kuala Lumpur on the back of strong economic growth and ongoing high transaction volume from 2010,” said IP Global CEO and Founder, Tim Murphy.

He continued: “Following 7.2% economic growth in 2010, the residential market saw optimism re­flected in higher prices in Q1 this year. The government is continuing to implement the Economic Stimulus Package throughout 2011; which will only encourage the economy to grow further; this will have a positive impact on the property market. The proposed billion ringgit Mass Rapid Transit (MRT) project will be a catalyst for growth in many areas running alongside the proposed lines as well many suburbs of Kuala Lumpur. Kuala Lumpur continues to be one of IP Global’s top picks as its property market is expected to remain strong throughout 2011. “