Master Sandy Paw, a Feng Shui consultant for a number of companies in the region is cautiously optimistic about the outlook.
2017 will be a challenging year that reminds one of the economic turmoil 10 years ago, says Feng Shui consultant, Master Sandy Paw. She attributes the bad times to the “unexpected change of the magnetic field on earth in 2014” which she claims caused a noticeable decline in the global economy in 2015 and 2016. “The global economy in 2017 will be disastrous,” Paw declares.
Nevertheless, the founder of China International Feng Shui Institute and Arco Interior Design Sdn Bhd says she remains cautiously optimistic on Asia.
“2017 is “Ding You” year. Ding means fire, You means gold; gold represents the economy, finance, banking and Western countries; whereas fire represents war.
“The weakness of gold is fire; fire will burn out the money leading to bankruptcy, so in this case, fire and gold should not be combined,” she says.[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”1,2,3,4,5,6,7,8″ ihc_mb_template=”1″ ]
But once the economic crisis in 2017 is over, there’s a bright hope to be expected in 2018,” she predicts.
PROPERTY CONTINUES SLOWDOWN
According to the Feng Shui master, for the whole of 2017, countries located in the South such as Malaysia, Singapore, and Indonesia will face economic challenges due to the “yellow fierce star” appearing at the Fortune sector.
She said that in Malaysia’s case, a general election is expected to be held in 2017 at a time when there is a lot of political instability; hence the short-term economic outlook is not optimistic. She suggests investors should try to avoid getting involved in the volatile foreign exchange and share market while focusing more on relatively stable investments such as real estate.
She believes that although some investors will face challenges in getting bank loans, those with better financial resources should take advantage of below market priced properties or change their focus towards industrial area projects, shops, or even open space land.
On a brighter note, due to the expected increase of tourists from China as a result of relaxed visa requirements and the setting up of Malaysia Tourism Pavilion (MTP) on Alitrip by Chinese e-commerce giant Alibaba Group, Malaysia will see mixed fortunes in different sectors.
“Based on the Asian map analysis, Malaysia and China’s 2017 fortune can be likened to a mirror where the cooperation between these two countries will reflect the future economic trend; it is a matter of time before Malaysia’s economy settles back to ‘normal’.”
BIG UPSIDE FOR ISKANDAR INDUSTRIAL PROPERTY
Master Paw says that besides real estate, the infrastructure, high-tech factories and other high-yield investments are the main reasons for Singapore’s continuously driven economy. Singapore’s industrial development is currently facing issues such as lack of land resources, lack of labour and a government policy that emphasises more on financial and services sectors. This has led to many downstream manufacturers relocating to a big area with small population, rich resources, and just a bridge away – Iskandar Region in Johor, Malaysia.
“Even though this has led to massive downsizing in the manufacturing sector in Singapore, it has spurred the industrial sector in Johor – this is why I suggest that investors should focus more on non-residential real estate in 2017.”
She believes that industrial property is the bright spot among all property types in Iskandar – the investment can also bring in more job opportunities.
FORTUNE SHINES ON NORTHEAST COUNTRIES
On the other hand, Master Paw says that countries located east on the Asian map, – east of China, Hong Kong, Taiwan, South Korea, and Japan will see a recovery and even some transformation, and will be on track for a prosperous year.
“Due to the blessings from the lucky stars, along with the popularity of Korea drama, South Korea will not have a shortage of visitors; hence, inbound tourism is expected to rise in 2017,” she predicts.
In addition, Japan as host country for the Olympic Games in 2020, has vigorously promoted a variety of activities to attract domestic and foreign tourists. In 2017, the Fortune sector will shine for Japan so it will experience more positive developments, she reveals.
In China’s case, the entire 2017 will be good for the country even as it faces a global economic downturn. There will be some level of stability with potentially a lot of upside.
Master Paw concludes that notwithstanding the global economic turmoil, the shrewd investor should take
this opportunity to change direction and invest in different products such as industrial property and other new trends.