Malaysia Property for Sale
- 1 Malaysia Property for Sale
- 1.1 Can Foreigners buy property in Malaysia?
- 1.2 Property market investment in Malaysia
- 1.3 Reason to Invest in Malaysia Property
- 1.4 The Overseas investment potential in KL
- 1.5 JB Property for Sale
- 1.6 Suasana Iskandar Malaysia
Malaysia property market has soften as compared to the past few years. There are opportunities for property investors who are willing to look the longer-term at the Malaysian Property market that looks positive with a sustainable outlook. The Malaysian economy is at a period when it is able to grow sustainable, even during a global slowdown.
Can Foreigners buy property in Malaysia?
Before you start to search for any property in Malaysia, its good to understand some of the rules and regulations of the country.
Malaysia, probably the only country in Southeast Asia where foreigners can own land easily and directly from developer sales or resale. There are wider selection from condominium, houses and townhouses.
There’s a some restrictions;
A minimum purchase requirement for foreign purchasers. The purpose of this is to allow foreign buyers in the mid to high-end segment, while not letting them drive up the value of homes in the price range of normal, everyday Malaysians.
Typically the minimum purchase requirement is RM1 Million, but in the State of Selangor it’s RM2 Million and foreigners may only purchase landed properties if they’re in gated communities etc.
Foreigner are restricted to buy property designated as “Bumiputra only” – Bumiputra meaning ethnic, Muslim Malays. At times, the property developer can apply to remove the restriction to enable foreign buyer to purchase.
HDB Owner in Singapore
For HDB owners in Singapore, other than the regulation in Malaysia, you must also take note of the HDB regulation. If you are a HDB owner, you must fulfill your MOP (minimum occupation period), if you are buying any residential developments in Singapore as well as overseas. Typically the MOP period is 5 years.
Exception for the RM 1M threshold requirements
Medini Iskandar in Johor Malaysia, is designated as a special economic zone. It has no restriction on foreign ownership, minimum price threshold for foreigner buying property in Malaysia. But under this zoning, the property developments are mostly leasehold instead of freehold property.
Property market investment in Malaysia
Malaysia as an Overseas Property market investment a has traditionally been a hotspot for Singaporean and overseas property investors for many reasons;
-Lower cost of hosing
-Lower cost of living
-Owning a property as a holiday or retirement home etc.
Singapore’s high cost of living is due largely to Singapore’s government high land price policy. REITS raise rents and retailers pass on the cost to consumers, Car price and parking fees, hospitals beds are more expensive than hotel suites etc. Many Singaporeans cannot afford to retire in Singapore. Some want to retire in Bangkok or Malaysia for their cheaper healthcare cost and livable city conditions. That is partial the reason why Singaporeans had been investing in Malaysia property as a retirement home particularly in Johor Bahru with the close proximity to Singapore.
Reason to Invest in Malaysia Property
Affordable property prices in Asia
- Malaysia property is still one of Asia most affordable investment in the region with good growth amidst a resilient economy.
Robust and stable economy
- GDP had been around 4-6% in recent years which is at a healthy range.
- Ranking being the top 6th country in the world as the most easiest and friendliness in doing business by World Bank.
- Malaysia rank top country to invest in with the top recipients of foreign direct investment, and its pro-business government offers a wide range of incentives to investors.
Undervalued Ringgit currency
- Ringgit is undervalued for quite a while making it one of the most undervalued currency in Asia market. With the weak currency exchange, investors are taking this opportunity to invest in Malaysia. It’s set to rebound in the coming years.
The Malaysia Government program, the Economic Transformation Programme (ETP), is on track to propel Malaysia to become a developed nation. Malaysia currency has weaken against Singapore dollars making it more attractive and affordable.
The Overseas investment potential in KL
-KL is the capital city of Malaysia, a gateway city for international companies to have their presence in Malaysia.
-A transformation of KL to Greater KL to cater for a higher populationset to grow.
-Improvements to transportation networks within the city contribute to KL’s long-term investment potential.
-The upcoming High Speed Rail (HSR) connecting Singapore and Malaysia, making it more accessible between both countries.
JB Property for Sale
A Freehold Tri-Development consists of a 4-star hotel, mall and residential unit. at Johor Bahru City Center within the Ibrahim International Business District (IIBD). Along the corridors of Jalan Wong Ah Fook and Jalan Trus. A short walking distance to JB Sentral and Johor Immigration (CIQ).
Located at Johor Bahru City Center within the Ibrahim International Business District (IIBD). Along the corridors of Jalan Wong Ah Fook and Jalan Trus. A short walking distance to JB Sentral and Johor Immigration Checkpoint(CIQ).
Prices starting from only Rm 7xxk. Last few development available to foreigner below Rm 1 million.
*Disclaimer*: Regulated by CEA. All forms of investments carry risks, including the risk of losing all of the invested amount . Such activities may not be suitable for everyone. This is an overseas investment. As overseas investments carry additional financial, regulatory and legal risks, investors are advised to do the necessary checks and research on the investment beforehand. Details of Guaranteed Rental Returns will be accompanied with respective Sales & Purchase Agreement.