Good news for overseas individuals wanting to buy residential properties in Malaysia. Assisted by the right firm of solicitors, you can easily be a proud owner of your own Malaysian home. Join our ever expanding list of satisfied international clients by contacting us without delay if you want to be the proud owner of your own international property right here in Malaysia.
Why invest in Malaysia?
Malaysia has a robust and stable economy, gaining increasing international property investment property interest especially because Malaysia offers both conventional and syariah-compliant financing. Prime real estate in Malaysia is among Asia’s least expensive, and most competitive with very interesting product offerings from established property developers.
Malaysia consists of 13 States and 3 Federal Territories, separated by the South China Sea. Peninsular Malaysia neighbours Thailand in the north, Singapore in the south, Vietnam in the northeast, and Indonesia in the west. East Malaysia borders Indonesia and Brunei. Whether for work or retirement, Malaysia offers an ideal mix of city life and island escapes as well as holiday destinations, making it a popular tourist hub and just the right place for you.
2 of the more popular geographical areas gaining increased investments interest from both local and overseas purchasers are the Federal Territory of Kuala Lumpur and the State of Selangor.
A) Federal Territory of Kuala Lumpur
This is the national capital of Malaysia and is one of the fastest growing metropolitan regions in South-East Asia. It is home to the tallest twin buildings in the world, the Petronas Twin Towers and has an extensive public transportation system such as the Mass Rapid Transit (MRT), Light Metro (LRT), monorail, elevated Bus Rapid Transit, commuter rail and direct airport rail link.
In Kuala Lumpur, foreigners are permitted to own residential property sold at the market value of at least RM1 million.
B) State of Selangor
Selangor is strategically located near the business centre of Kuala Lumpur and administrative capital of Putrajaya, making it an entry point for regional trade and commerce activities. Selangor contributed 22.7% to the country’s gross domestic product (GDP) growth in 2016, making Selangor the largest state contributor to the national economy for the 6th consecutive year since 2012, further boosting investors’ confidence in the state government’s administration.
Selangor’s long-term plan in ensuring its economy remains ahead as the national GDP contributor is by focusing on five fields which are life sciences, food & beverage, electrical & electronics, transport equipment and machinery & equipment.
Major investors in Selangor include Japan, United States of America, Singapore, Germany and Republic of Korea. Selangor is also home to the largest seaport in Malaysia and 3 international airports.
In Selangor, foreigners are permitted to own residential strata property sold at the market value beginning at a minimum of RM1 million to several million ringgit, depending on its locality within the state.