|Date: 29 November 2019||Published by: IBN|
The currency of Malaysia has depreciated by more than 30% in the past decade, which makes the products and services offered in the country very attractive with at least 30% reduction in property price, education fee and medical expenses.
However, there is a high possibility that the Malaysian currency will rise and the Chinese Yuan will depreciate, which will result in a more competitive production industry within China.
Malaysian politics has been relatively stable. The country was ruled by the same political party since independence (from 1957 to 2017). In 9 May 2018, Malaysia experienced its first ever political revolution with an unexpected democratic change. However, the handover process from the previous ruling party was completed peacefully. This shows that the political scene in Malaysia is very stable with very small possibility of internal war.
Malaysia is one of the most politically stable countries in Southeast Asia.
Malaysia is well-connected to China. Kuala Lumpur offers direct flight to various major cities in China, such as Beijing, Changsha, Chengdu, Chongqing, Guilin, Kunming, Shantou, Shenzhen, Wuhan, Xi’an, Shanghai, Hangzhou, Guangzhou, Nanning, etc. The travel period is relatively short, which typically takes 3.5 hours and above, depending on the destination. For the more popular cities, such as Shenzhen, there are at least 3 direct flights every day and the air tickets are inexpensive. For early bird, the one-way air ticket fare is approximately RMB 350 to RMB 600. Travelling by air to Malaysia is said to be more cost-efficient than travelling between cities by train in China.
Kuala Lumpur has 3 direct flights to Guangzhou every day. The flight duration is about 4 hours and the air ticket fare is only RMB 370;
AirAsia has 2 direct flights from Shanghai to Malaysia every day. The flight duration is about 5.5 hours and the air ticket fare is about RMB 556.
Kuala Lumpur has one direct flight to Guangzhou every day. The flight duration is about 4.33 hours and the air ticket fare is only RMB 590
The ideal geographical location that provides excellent accessibility (short flight duration with cheap air tickets) makes Malaysia a very attractive property investment destination for the Chinese. It is very easy for investors to arrange for a trip to Malaysia to view the property and complete the property purchase procedures. If the property owner run into any problems, they can easily go there to deal with the issues. It is a considerable advantage over properties in the Western countries.
According to the statistics, Thailand has the largest overseas Chinese community in the world. However, due to the country’s policy, all Thai Chinese had lost their Chinese name and most of them have been localised, losing the Chinese culture.
In Malaysia, the overseas Chinese community has retained their culture. Most of them received Chinese education and are able to speak Mandarin Chinese and Cantonese. Some of them are fluent in different dialects, such as Hakka, Teochew and Hokkien. There is a wide array of Chinese restaurants that offers different Chinese dishes from Sichuan, Dongbei, Shunde and other cities.
Many Chinese singers also choose to host concerts in Malaysia due to the large Chinese population.
The process of purchasing property in Malaysia is also very Chinese friendly. There are a lot of Malaysian Chinese that work as salesperson, agents, bank officers, property management executives and lawyers, which minimises language barrier.
Malaysia and China shares the same time zone. This makes the property purchase process smoother as communication between various relevant agencies and offices can be done efficiently. Preparation and signing of legal documents for property purchase can be easily completed through a one-day trip to Malaysia.