Chinese now most active foreign property buyers in Malaysia

Chinese now most active foreign property buyers in Malaysia
The Forest City development in Johor at the Singapore border is highly popular among Chinese

Chinese overtook Singapore citizens as the biggest investors in Malaysian real estate amid growing Chinese emigration to Malaysia, according to a Financial Times report.

Overall, Chinese groups have invested more than $2.1 billion in Malaysian real estate over the past three years, compared to $985 million invested by Singaporean companies from 2014 to 2016, figures from market researcher Real Capital Analytics based on completed transactions of $10 million and above show.

Singapore has traditionally been one of the biggest outbound real estate investors in Asia and the biggest foreign investor in neighbouring Malaysia, the paper notes. However, China has stepped up its investment at a time when warmer political ties between Beijing and Kuala Lumpur have eased commercial relations.

While Chinese also prefer Hong Kong and Australia to acquire property there, Malaysia is a more affordable destination with many investors preferring new developments in Johor on the Singapore border.

However, ihe capital inflow from China to Malaysia comes at a time when Beijing starts clamping down on currency flight which could bring the Chinese property buying spree in Malaysia to an end.

Almost 8,000 Chinese nationals emigrated to Malaysia from 2002 to 2016 under the Malaysia My Second Home programme, comprising about a quarter of almost 32,000 foreigners who were granted residency under the foreign residency scheme.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

[caption id="attachment_29646" align="alignleft" width="300"] The Forest City development in Johor at the Singapore border is highly popular among Chinese[/caption] Chinese overtook Singapore citizens as the biggest investors in Malaysian real estate amid growing Chinese emigration to Malaysia, according to a Financial Times report. Overall, Chinese groups have invested more than $2.1 billion in Malaysian real estate over the past three years, compared to $985 million invested by Singaporean companies from 2014 to 2016, figures from market researcher Real Capital Analytics based on completed transactions of $10 million and above show. Singapore has traditionally been one of the biggest outbound real...

Chinese now most active foreign property buyers in Malaysia
The Forest City development in Johor at the Singapore border is highly popular among Chinese

Chinese overtook Singapore citizens as the biggest investors in Malaysian real estate amid growing Chinese emigration to Malaysia, according to a Financial Times report.

Overall, Chinese groups have invested more than $2.1 billion in Malaysian real estate over the past three years, compared to $985 million invested by Singaporean companies from 2014 to 2016, figures from market researcher Real Capital Analytics based on completed transactions of $10 million and above show.

Singapore has traditionally been one of the biggest outbound real estate investors in Asia and the biggest foreign investor in neighbouring Malaysia, the paper notes. However, China has stepped up its investment at a time when warmer political ties between Beijing and Kuala Lumpur have eased commercial relations.

While Chinese also prefer Hong Kong and Australia to acquire property there, Malaysia is a more affordable destination with many investors preferring new developments in Johor on the Singapore border.

However, ihe capital inflow from China to Malaysia comes at a time when Beijing starts clamping down on currency flight which could bring the Chinese property buying spree in Malaysia to an end.

Almost 8,000 Chinese nationals emigrated to Malaysia from 2002 to 2016 under the Malaysia My Second Home programme, comprising about a quarter of almost 32,000 foreigners who were granted residency under the foreign residency scheme.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply