Full Version: Malaysia Investment
Just wondering of anyone has ever thought of investing in Malaysia and if anyone know the price history of properties in recent years? Actually more interested in emigrating over there if I could get work. I'm an automotive development engineer.
QUOTE(kman @ Jul 23 2006, 08:34 PM) [snapback]416578[/snapback]
Just wondering of anyone has ever thought of investing in Malaysia and if anyone know the price history of properties in recent years? Actually more interested in emigrating over there if I could get work. I'm an automotive development engineer.
My friend (who purchased a villa at LeJardinDeFleur Morocco), purchased a 3 bed off - plan appartment in KL.
Its in a development called 'East Lake'. He went back to inspect the finished item recently and was very impressed. Top class finish and rent all taken care of.
He paid £50000 about 2 years ago when it was just a patch of earth. He also is impressed by the level of professionalism and honest he encountered.
Malaysia appears to be a safe longterm bet.
QUOTE(dogbox @ Jul 28 2006, 10:26 AM) [snapback]418798[/snapback]
My friend (who purchased a villa at LeJardinDeFleur Morocco), purchased a 3 bed off - plan appartment in KL.
Its in a development called 'East Lake'. He went back to inspect the finished item recently and was very impressed. Top class finish and rent all taken care of.
He paid £50000 about 2 years ago when it was just a patch of earth. He also is impressed by the level of professionalism and honest he encountered.
Malaysia appears to be a safe longterm bet.
I think your friend can consider himself fortunate.
I know two people who bought into similar developments in K.L. with disasterous results.
One is still not being built nearly 2 years after she fronted up the cash (about £50000 as well) the other while the property was built to a reasonable standard cannot rent it out for anything like they had hoped and they are thinking of selling up taking quite a hit.
QUOTE (Mxxxxx @ Mar 26 2008, 08:58 AM) 
Thanks for your views. I bought in KLCC and Bangsar, the former seems very hot at the moment and looks as though it could easily form a bubble. Prices are still off of the 1997 levels which I believe is a good indication that there is still some potential growth to come.
My wife is Malay and we started by buying a holiday home in KLCC in 2006 which seems to have appreciated rapidly.
As I see it there are a number of things going for the market namely :-
The government has abolished Capital Gains Tax on land transactions
Foreigners can buy property on an unrestricted basis now
Good economy 5.5% growth for the last two years &
Very inexpensive if compared to Singapore and Hong Kong (max about $500 us per square ft).
Having said that you must be wary where you buy. As I mentioned KLCC is very hot at the moment, but also Bangsar, Kenny Hills, Damansara Heights, Mont Kira are whats known as the golden triangle and are always in the vogue. Condos give a much better rental yield but may not quite have the same capital appreciation as "landed property"
You must be careful not to fall into pitfalls of buying away from non popular areas. A friend of ours bought in Shah Alam and has been trying to sell this property for a couple of years with no joy.
I will keep an eye out for the MY threads. It is something that interests me, but being in the UK it sometimes is difficult to keep abreast of things.
Good site Dr Bubb.
My wife is Malay and we started by buying a holiday home in KLCC in 2006 which seems to have appreciated rapidly.
As I see it there are a number of things going for the market namely :-
The government has abolished Capital Gains Tax on land transactions
Foreigners can buy property on an unrestricted basis now
Good economy 5.5% growth for the last two years &
Very inexpensive if compared to Singapore and Hong Kong (max about $500 us per square ft).
Having said that you must be wary where you buy. As I mentioned KLCC is very hot at the moment, but also Bangsar, Kenny Hills, Damansara Heights, Mont Kira are whats known as the golden triangle and are always in the vogue. Condos give a much better rental yield but may not quite have the same capital appreciation as "landed property"
You must be careful not to fall into pitfalls of buying away from non popular areas. A friend of ours bought in Shah Alam and has been trying to sell this property for a couple of years with no joy.
I will keep an eye out for the MY threads. It is something that interests me, but being in the UK it sometimes is difficult to keep abreast of things.
Good site Dr Bubb.
Great comments, M. R., there are three active threads on MY already !
Why not copy a few of these (or add more) on one of these Malaysian threads?:
Kuala Lumpur : http://www.greenenergyinvestors.com/index.php?showtopic=2923
Penang ........ : http://www.greenenergyinvestors.com/index.php?showtopic=2951
JB, near Sing. : http://www.greenenergyinvestors.com/index.php?showtopic=2947
I see Malaysian property as having real potential, and want to encourage people to look at it.
Penang is my current favorite, but I like the others too.
I was thinking of Johor Bahru. With singapore so expensive and a lot of commuters in Johor this is an area that could do well in the longer run.
QUOTE (soldintime @ Mar 27 2008, 01:45 AM)
I was thinking of Johor Bahru. With singapore so expensive and a lot of commuters in Johor this is an area that could do well in the longer run.
Yes, and prices have lagged far behind Singapore, so it is still cheap.
Main problem: getting across the border quickly into Singapore
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