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The fundamentals supporting growth in the Sabah property market have never been stronger. Over the last few years, Sabah and in particular its capital, Kota Kinabalu has experienced rapid transformation across many key economic sectors. Tourism in Sabah has enjoyed double digit growth rates and stands for the highest tourist spend nationwide. Crude palm oil production remains the highest in Malaysia, whilst agriculture and aquaculture industries continue to bolster the state’s GD P. In the oil and gas sector, Sabah represents the highest crude oil reserves in Malaysia and with new deepwater discoveries, will increase the country’s reserves of crude oil and natural gas. Performance across these industries have been a catalyst for urban and rural property development, both for domestic demand and the increasing number of expatriate relocations to Sabah.
Source : Knight Frank
