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A trip around Europe, a cruise through the Caribbean - these luxury, aspirational destinations used to be the staple of retirement dreams for most of the middle class in the English speaking world. Now, with more money and time to spare and having often gotten these more traditional destinations out of the way earlier on in life, retirees are venturing further afield - and the tourism industries of developing Asian nations like India, Thailand and Vietnam are benefiting.
With interesting cultural offerings, good climate and cheap living costs, these destinations have always proved popular with backpackers, and as a result many adventure tour companies have sprung up to offer package deals, particularly in the early noughties as the trend of the 'gap year' took hold. But as one London-based tour operator told Relax News, it's the older generation who are now providing the base of the demand.
Residential prices in Kuala Lumpur crashed by 5.6% year-on-year in 2011 according to the latest Knight Frank Prime Global Cities Index. The Malaysian capital city was ranked 20th out of 23 locations surveyed, based on its annual rate of decline in home values.
Malaysia is situated just north of the Equator, between Thailand and Singapore. Malaysia is a federation of 13 states, with 11 on the Malaysian Peninsula and two on the island of Borneo. With a population of just over 27 million people, a low cost of living and a year-round tropical climate, Malaysia remains a favorite destination for travellers the world over.
Malaysia's leading property developers believe that residential prices in the country will increase over the coming 12 months, according to a report out this week from the Real Estate Housing Developers' Association Malaysia (REHDA).
Developers in Malaysia believe house prices in the nation are likely to increase over the coming 12 months, new research has revealed.
Property developers in Iskandar, in Malaysia, have reacted positively to the news last week that Singapore is about to impose restrictions on overseas property buyers.
The Kuala Lumpur skyline is about to get a new 65-storey 268-metre high tower block featuring apartments, hotel rooms and offices.
Demand for luxury apartments in the Malaysian city of Kuala Lumpur is expected to fall over the coming year, a new study suggests.
The Malaysian luxury market is starting to go soft say local agents as demand levels off and the global economic situation worsens.
Malaysia expects to receive more tourists from across the Causeway as a result of friendlier relations with the Singapore leadership.
Leading Malaysian developer MK Land Holding berhad announced this week that it is planning two new residential projects at its Rafflesia development worth RM890 million.