Hence, cross-border investment undertakings such as property acquisitions would not be top of mind at this time and this will impact property tourism as well.”Despite the bleak outlook, there may be some opportunities for the property tourism segment. “We believe that [the Tourism Recovery Plan and opening of tourism bubbles] will not have any major immediate impact on property tourism. At the time, he said it would be worthwhile to look into growing our own “local” property tourism (among local investors who live in different states) rather than foreign property tourism. “Sentiment on property tourism may vary as property tourism brings numerous pros and cons. As international tourism improves, so will property tourism.”Nonetheless, from a long-term point of view, the prospects for property tourism in Malaysia are still palpable.
