Why Invest in Property in Malaysia?
Malaysia - a country of many cultures, wonders and attractions
Set in the heart of Asia, Malaysia is a country of fascinating landscapes, boasting some of the best beaches and diving spots in the world.
Set in the heart of Asia, Malaysia is a country of fascinating
landscapes, boasting some of the best beaches and diving spots in the world.
Once a British Colony, Malaysia has a familiar feel for UK visitors,
with the English language almost universally spoken and understood and the
property laws and banking systems based on the UK model.
Phase 1 is already SOLD OUT! Phase 2 is ON SALE NOW, and selling fast!
Rapid long term economic and tourism growth is forecast for Malaysia, which
will be boosted by 2007 being 'visit Malaysia year' to support the island's 50
years of independence. Malaysia's tropical climate with temperatures averaging
30°C gives tourists the opportunity to experience guaranteed sunshine for most of the year.
Properties in Malaysia are very affordable with a low cost of living, low
inflation and local financing available at attractive rates if required. The
costs of property maintenance and management fees are generally low, as labour
costs are inexpensive, and an average monthly cost of 3 to 4 pence per square
foot per month is to be expected.
Overseas buyers are eligible to buy 2 properties at a
cost of not less than RM150,000 each (about £22,000).
For this purpose, they are also entitled to apply for a loan from a local
bank for 60% of the purchase price. There is no upper limit to the cost of
properties that may be purchased by overseas investors in Malaysian property.
The standard procedure for purchasing properties is almost exactly the same
as in the UK. Some of our new development properties are also available at
substantial discounts off-plan and may attract higher loan-to-value ratios.
In the case of new developments, Architects' Certificates are issued at
each stage of the agreed development process and the stage payments then fall
due. The property can then be handed over to the purchaser for occupation.
20 Good reasons to buy property in Malaysia
• One of the region's fastest growing economies, forecast 7% compound annual rate to 2010.
• The government is actively seeking to increase tourism and foreign investment.
• Longest-serving democratically-elected government in the world.
• Stable, strong oil-based currency (US dollar tracking).
• Low cost of living with low inflation and attractive finance rates.
• 2007 is 'visit Malaysia year'.
• Properties are attractive and well priced.
• Superb golf and sports facilities available.
• There are high rental demands.
• There is a low cost of living.
• A wonderful tropical climate.
• There is a strong demand for resale properties.
• Warm, charming, polite multi-cultural people.
• Young, growing population, moving to Klang Valley.
• Former British colony, so familiar 'feel' for UK visitors.
• English-based legal, banking and education systems.
• English almost universally spoken and understood.
• Beautiful white sandy beaches.
• Superb climate and food.
• There are regular flights available from many UK international airports.
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