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Malaysia Properties Market

Malaysia Housing Price Index

Malaysia properties prices has risen for 19 years

According to Malaysia's government statistics 2017, Malaysia's real estate prices have been rising for the past 19 years. Before 2010, the year-on-year increase was 4-5%. After 2010, Greater Kuala Lumpur project stimulated the growth of property prices in Kuala Lumpur by double, making overseas investors pay attention to real estate market in Kuala Lumpur.

Source:Government National Property Information Centre (NAPIC)

Malaysia Housing Price Index

Kuala Lumpur outperformed the big ones, rising to double digits

According to Malaysia's government statistics 2017, the Kuala Lumpur property price index outperformed other states, with an average increase of 10.66% in eight years. It can be seen that the Kuala Lumpur real estate is definitely worth investing in Malaysian real estate.。

Source:Government National Property Information Centre (NAPIC)

Kuala Lumpur Development

Greater Kuala Lumpur Project

Greater Kuala Lumpur Project

In 2010, the Malaysian government announced the economic transformation, turning Kuala Lumpur into a financial center, improving the railway network, adding new subway lines, and building a new high-speed rail to attract investment from multinational companies, increasing the income of the public, increasing employment opportunities and increasing the population. After the 2010 plan was announced, it stimulated the price increase of Kuala Lumpur to double.

Malaysia Real Estate

Tun Razak International Financial Center

Kuala Lumpur has built the Tun Razak International Financial Center with an investment of 80 billion. It is the fifteenth high landmark building in the world and is texpected to be completed this year. In order to attract foreign investment, a 10-year tax exemption has been implemented. HSBC, Prudential and other large international organizations have announced their presence. This financial center will become a new landmark in Kuala Lumpur as a symbol of economic transformation and development of financial centre.

Malaysia's MRT

Malaysia's MRT

In 2017 and 2022, the two new MRT lines will be opened to traffic. The two MRT lines run through the entire Kuala Lumpur city centre, with the future financial centre TRX as the interchange station. The Twin Towers, Bukit Bintang business district and Bandar Malaysia (High-speed Railway Terminus to Singapore) are all within 3 MRT station.

Singapore High-speed Railway

KL to Singapore High-speed Railway

A high-speed railway connecting Kuala Lumpur and Singapore will be constructed. In addition to connecting Kuala Lumpur and Singapore, the high-speed rail will also set up a stopover in Putrajaya, Negeri Sembilan, Malacca and Johor. Passengers take the high-speed train to and from Kuala Lumpur and Singapore in just one hour and 30 minutes. By then, the round-trip time between the two places will be greatly shortened, and the economic development of the two places will be promoted.

Things you need to know when buying properties in Malaysia

Malaysia Properties

Freehold Properties

Malaysia is a country where foreigners can have freehold ownership of the land in the country. In some countries, the ownership and land rights are more complicated. For example, in Vietnam, Cambodia, etc., the owner's title is limited to buildings on the ground. Does not include land. Freehold property is generally about 20% more expensive than the leasehold property. The advantage is that it can be passed down from generation to generation without recurring restrictions, and refinancing is not limited to the term.

Buyings house in Malaysia

The Law in Malaysia

Malaysia is a former British colony. The law uses the same British common law system as Hong Kong. Malaysia has its unique advantages compared to other emerging markets in Southeast Asia. To protect the purchase of uncompleted flats, the Government has enacted a series of legislation, including requiring developers to collect payments at the progress of the project, requiring the developer to pay a total of 3% of the project price as a deposit, restricting and supervising the developer's trust account. Investors can buy buildings in Malaysia with peace of mind.

Investing in Malaysia

Invest in downtown area

When buying a Malaysian property, you need to pay great attention to the location of the property. You must pay attention to whether the location is a Chinese area. The properties in the Malay District are generally about half price of the Chinese area. The rental and appreciation space is very limited, and the security is much worse than that of the Chinese area. If you don't know much about the local area, you can choose real estate in downtown area, such as the Golden Triangle (Kuala Lumpur Tower, KLCC Twin Towers and the TRX Financial Center), which is the most central area in Kuala Lumpur, and the risk is relatively small for investors.

Malaysia Properties

Procedure for buying a house

The investment procedure for buying houses in Malaysia is very simple. The foreign investment in Kuala Lumpur has a threshold of RM1 million (for a single unit). If the buyer decides to purchase the unit, it usually needs to make a deposit of about RM100. The developer will arrange the contract signing within two weeks. Signing is usually done under the witness of a local lawyer (videoconference or in person) or at the Malaysian Embassy. The general construction period is about 4-5 years. Since the payment is made according to the progress of the project, the first 10% will be paid when signing the contract. The remaining amount will be notified to the buyer after the developer has completed the progress and is verified by qualified persons.

Buying Properties in Malaysia

Mortgage

If you want to buy a property in Malaysia, the buyer can apply for a mortgage at a local bank in Malaysia, and foreigners can get a mortgage loan of 50-60 percent. If you apply for MM2H, the loan amount can reach 70-80 percent.

Buying a Malaysian Properties

Malaysia My Second Home Program(MM2H)

With a population of 43% Chinese in Kuala Lumpur, there is no barrier to communication in Cantonese, Putonghua and English, attracting many Hong Kong people to move to the area. The Malaysia My Second Home Program (MM2H) is a 10-year long-term visa-free settlement plan. Applicants who have successfully applied for 10 years can settle in Malaysia for a long time. There is no limit on the number of days of stay. Moreover, if one person applies for the whole family, the applicant can bring the spouse, the children under the age of 21 and the parents over the age of 65 to live in Malaysia. After ten years, the Malaysian government guarantees a permanent renewal.

Contact Us

  • Fortune International Properties Limited
  • 301-2 3/F, Laford Centre, No. 838 Lai Chi Kok Road, Kowloon, Hong Kong (MTR Exit D2,Cheung Yee Street entrance)
  • info@fortuneproperties.com.hk
  • https://www.fortuneproperties.com.hk

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