Property in Malaysian is turning the eye of many international purchasers. Find out below a little more about why Malaysia currently provides such a rich investment climate for real estate.
Malaysia is already a major international tourist destination and forecasts predict some 20 million tourist arrivals for 2007. With increased low cost airlines serving the island from 2007, property in Malaysian is set to flourish further from a strong tourist market, particularly with buy-to-let investments in coastal resorts such as Port Dickson.
In addition to resort properties, overseas purchasers are also focusing on locations in the capital city, Kuala Lumpur, particularly within the central business district. Along with direct foreign investment largely from the US, Japan and China, a surge of business activity is bringing a high demand for both residential and commercial real estate. A growing expatriate community now needs quality new accommodation in up-market, central districts. Off-plan properties are now being sold to international property developers and offer good guaranteed rental yields of between six and ten percent.
With clear government resolve to improve the Malaysian economic and social climate and high capital growth figures which seem destined to improve further, many investors are discovering that Malaysia provides a perfect market in which to employ their investment strategies.
We believe our clients will be seeing some encouraging results from their early purchases in well selected developments in Malaysia and we are pleased to offer you some expertly vetted developments. With the Malaysian ringgit (RM) valued so cheap against the sterling and the euro, investment in Malaysia is currently even more tempting to overseas purchasers.
In fact purchasing a property in Malaysian has never been more viable: in addition to its “Ninth Plan” encouraging further economic and social improvements to the country, government legislation is actively inviting property investment from foreigners through tax incentives and the relaxation of laws purchasing property in Malaysia.
Malaysia is a popular destination by virtue of its stunning natural beauty, warm climate, interesting culture and well mannered people. It is easily accessed by air from South East Asia as well as Europe with prices from the UK starting as low as £285. English is widely spoken, adding to Malaysia’s general appeal to UK purchasers as a holiday or property investment location.
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Today, Malaysia is a prominent member of the Association of Southeast Asian Nations (ASEAN) and is a politically stable country, making it an attractive location for foreign investors. Given the current economic climate and capital growth currently at between fifteen and thirty percent, Malaysian property is widely considered to be a solid investment while prices are still sufficiently low to attract further growth in the short to medium term.
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