Market Spotlight: Malaysia
Why it's the perfect time to buy in the booming South Asian country
Malaysia’s real estate is on the rise after a few down years—and for investors and high-end home seekers, that means one thing: It’s a perfect time to buy in the Asian nation.
All the ingredients are coming together for the country’s luxury property market. The ringgit is expected to appreciate, numerous luxury developments opened last year with more en route in 2017, and regulations are investor friendly.
In this special report, Mansion Global spoke to listing agents, architects and other experts with intimate knowledge of Malaysia’s luxury real estate market, its culture and upcoming high-end developments.
Join us as we guide you through Malaysia’s real estate landscape and introduce you to new developments in Kuala Lumpur, the seafront state of Penang and other areas ripe for buyers and investors.
After a few sluggish years, Malaysia’s luxury real-estate market is poised to make a comeback.
Sales began slowing in 2014, and came to a near standstill in 2016 due to the country’s faltering oil and gas industry; stricter lending measures introduced by Bank Negara, Malaysia’s central bank; and a supply glut as luxury developments in the pipeline were completed, experts said.
However, according to Christopher Boyd, executive chairman of real estate services provider Savills Malaysia, for investors prepared to hold for the medium- to long-term, now is a “very good” time to buy....READ MORE
The supply of luxury real estate in Malaysia is, in a word, bountiful.
Global research firm Oxford Business Group estimates that Kuala Lumpur will have an excess of approximately 50,000 high-end condominium units by July 2017. And while demand for such properties has faltered over the last few years, all signs point to the early phases of growth.
“There’s no lack of demand for very high-end branded properties,” said Oxford Business Group Asia’s managing editor, Paulius Kuncinas. “Big international brand names and serviced residences are popular because … the ringgit is quite cheap, so you’ve got that natural pull...READ MORE
Soaring skyscrapers and sacred mosques. Luxury malls and street-side markets. Kuala Lumpur is a living, breathing juxtaposition of old and new.
The bustling capital of Malaysia is home to 1.8 million people, who comprise a melting pot of nations—namely Malay, Chinese and Indian. These varied influences make this vibrant city rich in color, flavor and diversity...READ MORE
The cuisine, diversity and awe-inspiring views are some of Amber Chia’s favorite things about her home country of Malaysia. And, of course, the people too.
"Malaysians welcome you," said the 35-year-old actress, model and entrepreneur about her fellow citizens...READ MORE
Experts say there are great property deals in Malaysia, where there’s a better value than neighboring countries because of the weak ringgit and a general economic slowdown.
"Property in Malaysia is actually reasonably affordable still, compared to other countries," said Derek Uittenbroek, who runs the website PropertyLife and is an investor in the Malaysian real estate market himself. "The final icing on the cake is the fact that the Singapore dollar, U.S. dollar, Australian dollar, Japanese yen and to some extent even the British pound and euro are either at, or close to, all-time highs against the ringgit...READ MORE