Malaysia takes pole position when it comes it owning the most number of primary and secondary homes in the Asia-Pacific region, revealed a wealth survey.<\/p>\n
The Wealth Report Attitudes Survey 2018<\/em> by global property consultancy Knight Frank found that the country\u2019s ultra-high-net-worth individuals (UHNWIs) owned 3.5 homes each while their Chinese counterparts followed closely behind with 3.3 homes.<\/p>\n The survey deals with issues that influence the investment and lifestyle decisions of the wealthy, based on the responses of 541 of the world\u2019s leading bankers and wealth advisors.<\/p>\n It added that despite taking the lead, Malaysian UHNWIs did not plan to slow down as 33% of them considered buying another international home, compared with the global average of 23%.<\/p>\n Meanwhile, Malaysia took third place when it came to the percentage of their portfolios allocated to property (excluding primary residence and secondary homes) at 44%, just behind Hong Kong (47%) and Australia (44%).<\/p>\n However, Australians and New Zealanders were the least interested in acquiring more homes as only 13% of Australians and 9% of New Zealanders planned to buy more properties domestically, while only 11% and 6% respectively were considering investments overseas.<\/p>\n