2015 looks like a challenging year for the Malaysian property market – still, there are good opportunities for foreign investors
In the Malaysia property outlook for this year, the signs seem to point to eventful months ahead.
Nonetheless, keep your eye out for opportunities for foreign investors such as yourself. We present some factors and potential opportunities to look out for.
Kuala Lumpur – City Living Opportunities
Most homes in the Klang Valley area cost an average of more than RM600,000, with properties in prime areas starting from RM2,000 per sq ft onwards. Last year, Kuala Lumpur’s prime areas witnessed a flurry of high-end condominium launches in Bukit Bintang and KLCC, such as Harrod’s and Banyan Tree, averaging at RM3,000 per sq ft.
These projects have proven to be popular with foreign investors due to their prime location in the city centre of Kuala Lumpur.
For those thinking of investing in the Klang Valley area, it is best to get a small unit like a studio as it can be easily rented out or sold to either locals or foreigners as its quantum price will be within the range for both locals and foreigners.
Iskandar Malaysia – Modern Development Across the Causeway
In Iskandar Malaysia, the modern development in Johor, foreigners will still look to Medini and Nusajaya as the former is exempted from the minimum purchase price and Real Property Gains Tax (RPGT) while the latter has better infrastructure and is well-planned.
JB Sentral is also expected to be popular as it will serve as a gateway to Singapore once the cross-border rail service connecting Johor Bahru’s Rapid Transit System (RTS) connects to Singapore’s MRT by 2018 to 2019.
In addition, the opening of Sungei Segget by end 2015 and various Johor Bahru rejuvenation projects will result in a positive impact on property prices in JB Sentral.
This together with the newly-refurbished Menara Komtar JBCC and Angry Birds Theme Park will further add vibrancy to the area, especially the tourism and retail sectors.
Eager to find out more about properties across the causeway? Visit PropertyGuru’s Malaysia Property Show on 21 to 22 Mar 2015, Marina Bay Sands Convention Centre.
Visit events.propertyguru.com.sg/mpsmar to RSVP today!
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