Malaysia Property Investment
Property investors in Malaysia are profiting from some lucrative off-plan investments in and around the capital city as well as within the coastal tourist resorts and both markets are experiencing high growth rates. Residential property prices have generally risen by between 15 and 30% over the past five years and rental yields in Kuala Lumpur stand at a respectable 7.4 to 8.7%, while corresponding figures remain just a little lower within the tourist resorts. Holiday rentals are big business, particularly in areas in and around Port Dickson, as is the holiday home market which continues to attract visitors to this interesting and exotic holiday destination.
While property investment in Malaysia remains a firm favourite amongst Asian and US investors, we are witnessing a current European trend for worldwide property investment and Malaysia is now catching the eye of all discerning property investors with worldwide vision for a shrewd investment.
Malaysian property prices remain low by international standards and the local currency, the Malaysian ringgit (RM) is very cheap versus the sterling, making investment in carefully selected Malaysian property a highly lucrative option.
Reasons why property in Malaysia is a good investment
Government legislation is actively encouraging foreign property investment through a number of tax incentives and the relaxation of laws governing real estate purchase by foreigners.
Through its Ninth Plan, the government of Malaysia aims to improve the infrastructure and general economic development of the country. Analysts believe this will have a positive impact on the Malaysian real estate market.
Malaysia boasts a stable economy and government. It already has a world-class infrastructure, industry and support, along with a modern and cosmopolitan lifestyle.
English is widely spoken by a multi-lingual, experienced and qualified workforce.
The value of the local currency, the ringgit, is far below the euro, dollar and pound sterling, allowing foreign investors to buy a lot more for their money in Malaysia.
Property prices per square metre in all major Malaysian towns and cities are a fraction of the cost of similar investments in London and New York.
There is high demand for quality new real estate is high from an affluent expatriate market.
Malaysia is also among the top three countries for the greatest number of tourist arrivals among the 53 Commonwealth countries, according to the World Tourism Organisation.
Tourist arrivals in Malaysia rose by more than 160% between 2000 and 2005 - an astonishing achievement for tourism.
Malaysia is located near the Equator, hence its year-round tropical climate, ideal for tourism.
Malaysia does not suffer from any natural disasters such as earthquakes, volcanoes or tornados.
Extensive white sandy beaches continue to draw holidaymakers. Port Dickson resorts which have long been a favourite amongst visitors from Kuala Lumpur and other neighbouring towns who seek an escape from hectic life.
Buying costs are very low in Malaysia at between 3.4 to 6.75% of the property value, including 2.75% agent’s commission (for first MYR 500,000).
IPIN (International Property Investment Network) assists investors of all levels to find the best and most current investment opportunities. The network carefully vets all recommended investment locations, therefore maximising members´ chances of achieving the best return on investment from their property purchases in Malaysia.
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