|Date: 29 November 2019||Published by: IBN|
Many people are curious about the key factors behind the transformation of Malaysia into an investment hotspot. The sudden surge in economic development and subsequently property investment market are a result of China-Malaysia cooperation and the implementation of friendly economic policies. Needless to say, the outlook is looking healthy and stable and the trend will continue to rise in the near future.
The Malaysian Government has invested RM172 billion (about RMB 280 billion) for the development of Greater Kuala Lumpur to improve the facilities and amenities, household income and general living environment. As a result, Kuala Lumpur was ranked as world’s top 20 cities in terms of livable index and economic growth rate.
One of the missions of Greater Kuala Lumpur is to attract more than 100 multinational corporations to invest in the city. The large influx of foreign investment is expected to draw a huge amount of local and foreign talents into the capital city, increasing the total city population from 6 billion people to 10 billion people by 2020. We can expect the upward trend of property investment market will continue to rise in response to the population growth.
Singaporean Prime Minister Lee Hsien Loong and Malaysian Prime Minister Dato’ Sri Najib Razak signed a Memorandum of Understanding to build a high speed rail that connects the capital city of both countries on 19 July 2016. Upon completion, the HSR will be able to cut down the travel time to 90 minutes, making Kuala Lumpur a very attractive place for Singaporeans to invest in. The project is expected to be fully operational by 2026.
Malaysia is an important bridgehead for the Belt and Road Initiative and a valuable trading partner with China. The friendly China-Malaysia cooperation is expected to bring huge benefits to the economic growth.
Malaysia is one of the very few countries in this world that offers a permanent residence programme that does not require the applicants to give up on their nationality. Successful application on the MM2H programme will grant the applicants and their next of kin a multiple-entry visa that allows them to stay in Malaysia for up to 10 years and enjoy multiple benefits, such as quality education, best healthcare system, excellent environment for retirement and higher ceiling for loan application (up to 80%).%。
Malaysia is also well known for its political stability, low living expenses in Asia, safe living environment, and high liveability index. With the launch of MM2H programme, the country has become the centre of attraction among foreigners.
The current property market in Malaysia closely resembles China’s property market back in 2006 – it has huge potential for growth. Do not hesitate to purchase property in Malaysia. It is a golden investment opportunity that you don’t want to miss!
Keyword: Property, Investment, Purchase, Malaysia, IBN