Real Estate News Malaysia

Want to know the latest real estate news in Malaysia? Malaysia is set to be a prime location for luxury property, with an appreciating ringgit, ongoing luxury development projects, and investor friendly regulations. By 2017, the capital Kuala Lumpur had an excess of 50,000 high-end condominium units, with international brand names coupled with the cheap ringgit coming together to make an irresistible deal for real estate traders around the world. The incentives do not stop there. Malaysia does not tax foreigners on a worldwide income scale. In fact, it welcomes foreign investors with open arms with the Malaysia My Second Home (MM2H) program. If that is not enough, some developers are even waiving application fees to incentivise overseas buyers. Kuala Lumpur is gradually catching up to Bangkok, the former go-to location for high-end property purchases. Malaysia developers have also begun pricing property in terms of Chinese Yuan rather than ringgit, allowing Chinese investors to continue investing without restrictions. Despite previous downturns, new luxury developments in prime locations in Malaysia have managed to sell over 85% of their units, largely due to Malaysian homes offering a relatively affordable entry point for an equivalent lifestyle in other countries. Malaysia is set to lead the high-end real estate market. Get up-to-date real estate new in Malaysia by subscribing to our newsletter.

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