About Property in Malaysia
Property in Malaysia is the go-to guide for expatriates and foreigners looking to buy or rent property here. Recognising the growing international interest in Malaysian property, this website contains a searchable database of properties for sale or rent. It only lists those places which expats can buy or might wish to rent. Visitors can also discover the latest rules and regulations for foreigners wishing to buy property. There is a special section for estate agents who target foreigners and another showing new developments aimed at foreign buyers.
Private home owners may advertise their property for free with us, provided it is suitable to the expat market. Please contact info@propertyinmalaysia.com or visit the contact us page if you would like to know more about listing your property on www.propertyinmalaysia.com.
News Updates
Protection for House Buyers in Malaysia
Malaysian ministers are looking to amend the Housing Development Act which will see more protection for people buying property in new builds here in Malaysia. Developers will be required to lay down a 3% deposit of the building costs so that if the project runs into problems, the deposit can be used to cover the costs. Buyers, meanwhile, will only be required to pay 10% of the cost of the house up-front, with the remaining 90% to be paid when the house is completed. Housing developers could also face prosecution if the project is not completed, to try and prevent projects being abandoned due to expense. These changes would take effect in 2015 and will make purchasing a new property in Malaysia a safer investment for buyers.
Government & Economic Transformation Programme
Naturally, anyone buying property in Malaysia would like reassurance that the economic outlook is rosy. There have been however, various articles expressing concerns about the country's long-term outlook. This is partly because the supplies of oil and gas, which have been a major sourse of income, are dwindling. Malaysia has had a long-running plan to reach fully-developed-nation status by 2020. This so-called "Vision 2020" has consisted of 5-year plans with the aim of transforming the economy and imroving life for Malaysia's people. So far, the government has done an impressive job of moving the country forward.
Find out moreHowever, after a stable year 2010, what will 2011 be like?
The beginning of a new year is usually, for many of us, the time for big decisions. One of the recurrent topics is property. Should I buy? Should I rent? What can one expect on the investment scene? The Malaysian Property Market has never been as active as Singapore or Hong Kong.
Find out moreWhere to Invest?
The generally low pricing of real estate in Malaysia, combined with the fact that prices are on an upward trend, makes property an incredibly attractive investment. Like nearly every country in the world, prices for property in the capital are generally the highest as the laws of demand and supply dictate. However, using KL prices as a benchmark, how much would you expect to pay for property outside this major city?.
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Going Green
The construction and design of sustainable buildings using green technology has been gaining momentum in Malaysia. In 21 May 2009, the Green Building Index (GBI) Malaysia was launched to encourage developers to adopt this method. GBI sets a benchmark to developers on green buildings within the Malaysian context. These buildings are constructed to provide energy efficiency, water efficiency, healthier indoor environment, better connectivity to public transport, innovation and the adoption of recycling and greenery for their projects.
Find out moreA Mega City in the making
According to McKinsey Global Institute's Urban World report titled; "Mapping the economic power of cities", China's rapid growth is fueled by the continued growth of its megacities and the emergence of new ones. Emerging cities are important as they spread wealth, reduce concentration and enhance per capita income.
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