On the recent relaxation of regulations for foreign property buyers, he said it would liberalise the market and provide a large untapped market of tourists as foreign investors.
“Malaysia's high quality products offered at competitive prices that capitalise on favourable exchange rates make our properties an extremely attractive buy.
“The results have been seen for our Maple at Sentul West, which has welcomed many foreign buyers over the last month,” he said.
Yeoh said the young adult segment was also becoming increasingly important from this year, especially for the SOHO (small office, home office) market, which is largely untapped and has great potential.
“When we premiered our Centrio at Pantai Hillpark last November, our strong sales figures showed that there is a huge customer base of young adults who want a highly unique and flexible space to work and live in.
“Currently, not many Malaysians are familiar with the SOHO concept, but that will change over the next two years as more young adults start their own businesses and look to SOHOs as their first purchase.”
Yeoh said another “hot” prospect for 2007 is the increased demand for commercial property.
“Following the freeze in 1999, you will find that with a growing Kuala Lumpur, there is now a greater demand for office space.
“There is a commercial void that needs to be filled in matured residential neighbourhoods,” he said, adding that upmarket residential projects priced above RM500,000 per unit, be it condominiums or landed property, would be in big demand this year.