Chinese buyers’ appetite for Malaysian property growing
Malaysia is becoming increasingly popular among China’s home buyers who are looking for properties at an ideal price range of between 1.2 million and 3 million ringgit ($286,000 and $716,000) per unit, international property portal Juwai.com told the Malay Mail.
According to the portal, China’s buyers primarily set sight on Malaysian properties for investment (65.4 per cent), own use (58.5 per cent), education (9.9 per cent) and emigration (3.7 per cent), with some of these motivations overlapping. Enquiries for Malaysia over the last year have more than doubled at the portal.
“Obviously price is one of the factors along with location. Kuala Lumpur is extremely attractive as a purchasing destination, given that nine cities within China are already among the most expensive cities in the world,” Juwai.com chairman Georg Chmiel said.
Mercer’s Annual Cost of Living survey 2016 listed the Chinese cities of Shanghai, Beijing, Shenzhen, Guangzhou, Nanjing, Tianjin, Shenyang, Qingdao and Chengdu among the top 35 most expensive cities to live in. In contrast, Kuala Lumpur ranked an affordable 151st even when measured against Southeast Asian neighbours Singapore (4th) and Bangkok (74th).
In Malaysia, Chmiel said Chinese buyers are keen on properties in Kuala Lumpur, Melaka, Johor Baru, Penang, Langkawi in Kedah and Kota Kinabalu and Semporna in Sabah.
Those who buy for investment are eyeing a return of above seven per cent for property in Kuala Lumpur, Johor Baru and Melaka.
Malaysia’s key attractions for property buyers, apart from low prices and solid returns, are its relative proximity to China when compared to countries like the US, UK or Australia; and also its medical facilities, as well as quality schools and universities.
Malaysia is becoming increasingly popular among China's home buyers who are looking for properties at an ideal price range of between 1.2 million and 3 million ringgit ($286,000 and $716,000) per unit, international property portal Juwai.com told the Malay Mail. According to the portal, China's buyers primarily set sight on Malaysian properties for investment (65.4 per cent), own use (58.5 per cent), education (9.9 per cent) and emigration (3.7 per cent), with some of these motivations overlapping. Enquiries for Malaysia over the last year have more than doubled at the portal. “Obviously price is one of the factors along with...
Malaysia is becoming increasingly popular among China’s home buyers who are looking for properties at an ideal price range of between 1.2 million and 3 million ringgit ($286,000 and $716,000) per unit, international property portal Juwai.com told the Malay Mail.
According to the portal, China’s buyers primarily set sight on Malaysian properties for investment (65.4 per cent), own use (58.5 per cent), education (9.9 per cent) and emigration (3.7 per cent), with some of these motivations overlapping. Enquiries for Malaysia over the last year have more than doubled at the portal.
“Obviously price is one of the factors along with location. Kuala Lumpur is extremely attractive as a purchasing destination, given that nine cities within China are already among the most expensive cities in the world,” Juwai.com chairman Georg Chmiel said.
Mercer’s Annual Cost of Living survey 2016 listed the Chinese cities of Shanghai, Beijing, Shenzhen, Guangzhou, Nanjing, Tianjin, Shenyang, Qingdao and Chengdu among the top 35 most expensive cities to live in. In contrast, Kuala Lumpur ranked an affordable 151st even when measured against Southeast Asian neighbours Singapore (4th) and Bangkok (74th).
In Malaysia, Chmiel said Chinese buyers are keen on properties in Kuala Lumpur, Melaka, Johor Baru, Penang, Langkawi in Kedah and Kota Kinabalu and Semporna in Sabah.
Those who buy for investment are eyeing a return of above seven per cent for property in Kuala Lumpur, Johor Baru and Melaka.
Malaysia’s key attractions for property buyers, apart from low prices and solid returns, are its relative proximity to China when compared to countries like the US, UK or Australia; and also its medical facilities, as well as quality schools and universities.
