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
Home Prices Jumps 6.6 Per Cent in Fourth Quarter of Last Year
Malaysia will be taking severe measures to avoid a mortgage lending crisis in the country. This decision was enforced after an average of 6.6 per cent jump was reported in home prices, in the fourth quarter last year, according to a report in the Business Times. This is also to ensure that the country doesn't experience a US-like, subprime mortgage crisis. Deputy Finance Minister Datuk Donald said that the government doesn't want banks to lend too much to the property sector, as they are worried that it will cause inflation. The report also states that both Hong Kong and Singapore have taken steps to rein in the housing markets to tame inflation.
Glomac Bhd on the Lookout for Good Land Banks
Property Developers, Glomac Bhd, are on the lookout for good land banks in the Greater Kuala Lumpur area. The company said that they were always on the lookout for good quality areas, and their focus is targeted on the Greater Kuala Lumpur area. They recently attained two parcels of land in Klang for RM44 million. A report in the Business Times said that the new land, will allow Glomac to capitalise on the success of its flagship township and raises the company's total estimated gross development value of current and future projects to RM6 billion. This statement was made by Fara Eliza FD Mansor, Glomac's Senior Manager for Group Corporate Communications. Currently, Glomac has a total of 11 on-going projects; a range of mixed developments in Greater KL and in Johor Bahru.
Property Prices for Foreigners may Double
The Government may increase property prices for foreigners who wish to purchase property in Malaysia. Currently, the minimum amount foreigners have to spend when buying a property is RM500,000. This move is to help control the rise of property prices for locals. The proposed minimum amount is RM1 mil, but it may be lowered to RM800,000, to attract overseas customers. This proposal was made because of complaints from younger, middle-class Malaysians who feel priced out of the property market, because of overseas competition, who are chasing the same real estate. The so-called proposal is still in the pipeline and has yet to be implemented
Recent Articles
Positive Signs for Commercial Real Estate in Malaysia
Grade A office rentals in Malaysia's capital, Kuala Lumpur, are among the lowest in Asia. The third quarter of 2011 saw a positive net absorption of 620,000sq ft, a marked increase from the previous quarter and the past year's quarterly average of 155,000sq ft.
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Mega Commercial Enclaves for a World-Class KL
The government has earmarked eight mega projects in the Klang Valley alone that will each create commercial enclaves with the vision of uplifting Malaysia's capital, Kuala Lumpur, to the next level in the global marketplace, according to CH Williams Talhar & Wong (WTW), a leading real estate services firm.
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