+60 3 6411 0919info@destinyhomes.com.my Languages:
 
 

 

 

Go on, let Malaysia amaze ya
Tuesday, November 04, 2008, by Catherine Deshayes, The Move Channel

Like most countries, Malaysia has been suffering as a result of the credit crunch. Now, the property industry has launched a new campaign in a bid to attract more foreign investors...

Malaysia has been a popular tourist destination ever since it launched its ‘Truly Asia' campaign in 1999. It built a very strong argument about the attractions of the country which enticed both holidaymakers and property investors.

The eclectic nature of the country is what makes it so successful in attracting foreigners. Its geographical diversity sits alongside a kaleidoscope of food, art, culture and property. For city dwellers, the capital city, Kuala Lumpur, offers high-yield, high-rise living, with one bedroom apartments, starting at around £90,000.

If you are more of a beach seeker and sun worshipper, you could buy a beachfront villa on the stunning Sepang Golden Coast. There are also rainforest based properties, village homes and townhouses.

World of Property highlights the ‘'My Second Home' programme, which allows foreigners to a ten-year social visit pass, meaning they can stay in their holiday home for longer than just a holiday. The abolition of capital gains tax in April last year has also been a driving factor in the country's success.

Prices remain attractive too. Yeow This Sang, Honorary Treasurer of the International Real Estate Federation, said, "The Malaysian property market is still attractive in terms of prices.

"Properties in Malaysia are among the cheapest in the region and our laws are comparatively more lenient for foreigners to buy and sell property.

"Foreigners wanting to purchase property in countries such as Indonesia, the Philippines, Thailand and Vietnam are generally put off by the countries' respective laws, but foreign property owners in Malaysia are not subjected to some taxes, such as death taxes," added Mr This Sang.

Now, as part of the new drive to attract more foreign investors, the International Real Estate Federation is contacting organisations in other countries to improve communication and help investors become aware of what is available in Malaysia. Whilst Mr This Sang agreed that there had been a slowdown in the property market in Malaysia, he attributed it mainly to the rising price of raw materials rather than a financial crisis. He also said that demand for property remains steady and, due to that a slump should be avoided.

 


MM2H News 2009
31 March 2009
Changes to MM2H Rules and Incentives


MM2H News 2008
19 November 2008
MIPIM Asia: Kuala Lumpur project is attracting international buyers
18 November 2008
M’sia My Second Home members may be allowed to work
17 November 2008
Property roadshow to attract Japanese investors
17 November 2008
Malaysia able to overcome global financial crisis
04 November 2008
Go on, let Malaysia amaze ya
16 October 2008
Is Malaysia truly Asia? Expats will not find better
10 September 2008
Overseas: A taste of paradise
04 September 2008
Malaysia targets Sri Lanka's leisure travellers
03 September 2008
Malaysian budget tries to alleviate impact of credit crunch
29 July 2008
Al Rajhi Bank buys property
26 July 2008
Asian Destinations, Compared
30 May 2008
Realty boom in emerging nations
29 May 2008
Malaysia voted as top choice for those who want to set up second home
11 May 2008
Be patriotic – sell the country
07 April 2008
Dubai, Malaysia top choice of home hunters
07 April 2008
Aberdeen's first-mover status in Malaysia pays off
02 April 2008
High-end properties continue to attact foreign investors
31 March 2008
600 Beijing healthcare investors scout potential
28 March 2008
An opportunity to make it your second home!
30 April 2007
Your next home could be in Malaysia