Property for sale in Brunei

Bandar Seri Begawan, estimated population 27,285 (as of 2002), is the capital and largest city of the Sultanate of Brunei. The majority of Bruneians are ethnic Malays with Chinese being the most significant minority group. Aboriginal groups such as the Iban also exist and are loosely classified as Malays. Large numbers of transitory workers are to be found within Brunei, the majority being from Indonesia, The Philippines and the Indian Subcontinent. Get more information on property for sale in Bandar Seri Begawan

Is a country located on the north coast of the island of Borneo, in Southeast Asia. Apart from its coastline with the South China Sea it is completely surrounded by the state of Sarawak, Malaysia, and in fact it is separated into two parts by Limbang, which is part of Sarawak.

Brunei Darussalam (Brunei, Abode of Peace) is a small, peaceful, prosperous, oil rich Kingdom located on the northern shore of the ecologically rich island of Borneo.

The country's wealth is a mixture of foreign and domestic entrepreneurship, and for the main is supported by exports of crude oil and natural gas, with revenues from the petroleum sector accounting for over half of GDP. Per capita GDP is dramatically higher than most neighbors, with substantial overseas investments supplementing domestic income.

Demand for property for sale in Brunei has been rising steadily over the past few years, say real estate property developers.

Brunei recorded approximately 1 million foreign visitors who have chosen to stay in hotels or villas for rent in Brunei, the vast majority arriving from Malaysia through land entry points.

There is a strong demand for new houses, especially in the Gadong and Jalan Muara areas. The real estate industry is growing because there are more housing developments over the past few years as compared to 2004 and earlier

 The construction of property for sale in Brunei expanded by 7.5% in 2002 after contracting by 2.4% in 2001, 3.5% in 2000 and 3.9% in 1999.

In Singapore and Malaysia, people buy property for investment, and in those countries once the development of the units are completed, the value of the property has already gone up.