Malaysia is famous with many investors especially those who have been looking at the Asia-Pacific region for a while. It is still somewhat of a hidden gem, however, and it might be intimidating for some people who have preconceived ideas about buying property in the region. But Malaysia has tons of benefits for investors who want to either buy or sell property, develop, or rent. Here are a few reasons why you should consider investing in Malaysian real estate.
Proximity to Singapore
One of the main reasons why the prospects are so bright for Malaysia real estate is its proximity to bustling Singapore. Singapore, unfortunately, has some of the highest real estate prices in the world, but that’s good news for anyone who has property near the border. Various developments cater to Singaporean expats who want easy access to the island without the exorbitant costs of living. This presents tons of opportunities to savvy investors.
The Large Inventory
This is another advantage Malaysia has over Singapore. Many of the top cities in the country will have roughly the same amenities, but there are so many more regions to choose from and sub-markets within these regions. If you’re looking for a house for sale, or rumah untuk dijual, there are sites like Property Guru that will help. They have hundreds of thousands of listings for properties in the country and they allow you to personalize your settings down to the last detail. It’s also a great resource for people who want to learn the ins and outs of investing in real estate in the country.
The One Belt One Road Initiative
Malaysia will be one of the stops on the Chinese OBOR project. It will be part of the ‘maritime silk road’ part of the project, to be specific. This will create all sorts of opportunities for sectors like trade, tourism, transportation, and industrial development which will translate to more jobs for Malaysians and workers from abroad.
This means that you should start looking at the areas that will be directly affected and where people are concentrating. Malaysia is also a prime destination for cash-intensive, knowledge-based, and high tech industries which will boost demand for both commercial and residential real estate.