The Best Places in Malaysia to Live and Invest in Real Estate
Do you want to settle in Malaysia? Well, you are just one of the many who do. And while you have that thought, maybe you also want to invest in real estate in this country as it is known to be really profitable. However, the location will matter a lot, thus before you buy a property in Malaysia, be sure that you know where to invest your money so that the returns are more than what you have in mind. Real estate in Malaysia might be currently booming, but this varies in its areas.
Below are just a few of the best states to live and invest in property Malaysia:
1. Kuala Lumpur
Being the capital of this country, you can expect that this is where most of the people are as well as most of the opportunities are. The good thing about this city is despite the fact that it is quite progressive, it is still not that expensive living here which is not the case with other equally progressive cities. If you happen to be an expat, you will find your buddies here and this top the list when it comes to real estate investing. Not only that, this is also considered as next in line when it comes to the best city to live in Southeast Asia in which Singapore lead the tally. A few properties in Kuala Lumpur is the Pantai HillPark, Verve Suites, Taman Puncak Jalil and Platinum Hill PV 5.
When it comes to the property Malaysia, you will be surprised to know that they are cheap in this part of Malaysia, especially now that the usual price rise annually is just 5% which was supposed to be 10% basing the past trends. However, that is expected to rise again soon, thus if you are planning to buy a property in KL, you should act on it now.
This state is located with proximity of Singapore in the southernmost part of the country. Yes, and in fact, only a bridge separates the city from the very progressive Singapore, thus you can say that this is also a good place to start your plan to invest in real estate. There are about 3 million people here. To view the various properties available in Johor, check out Johor project outlook.
Compared to Kuala Lumpur, you will enjoy a lower cost of living and at the same time, lower cost of investment since the properties here are expected to be cheaper as well.
There is a big part of the tourism industry in this city as they contribute a lot in generating a stable economy of the state, that is thanks to the fact that it is quite close to Singapore. At the same time, you will also find that there a lot of expats in this part of the country while tourists from Singapore take time to check this state on weekends.
For the last few years, the price hike is around 4.5% which is actually below the national average which is 5.1%. Nevertheless, it is still a better choice when you compare it to the other regions like Perlis, Pinang, Pulau, Kelantan and more in which their increase is just 4%.
If you are looking for a state that is not touched by the urban life yet, Penang is your best choice. However, this does not mean that you won’t find any potential tenants here as that is not the case and in fact, your rental property will surely be filled all the time in this state considering there are about 1.75 million of people living in Penang.
This is just perfect for expats next to Kuala Lumpur as here you will find people like you who think that their native land is not where they should end. Yes, Penang is the home of a huge expatriate community and is considered as a state with a stable economy. You can hardly find a person who is just idle here as this state has the lowest unemployment rate in the country. You can say that Penang is also a perfect place to buy your first rental property.
You will be surprised to know that compared to Malays, there are more Chinese people living in this part of Malaysia, which is known as the Silicon Valley of the East. In fact, this state is next to Kuala Lumpur when it comes to HDI rankings.
The property prices in Penang is what you can say as comfortable. So, if you don’t have that much funds as your capital, you can try to make it roll here.
This is the capital city of Perak state and is located in the Ipoh is the capital city of the state of Perak, the Northwestern parts of Malaysia. This progressive city has a population of about 650,000 people and is considered as the third biggest.
You can also say that this is this one of the most checked cities in the country because of its many attractions that entice tourists in which the most notable is its British era architecture. It is popular for its amazing limestone hills.
Basing on the latest survey, this city is considered as the cleanest in the country and not only that, it is also considered as one of the places on earth with the friendliest people. Thus, you will never have a struggling time settling here and finding your way around. They have the entire population to assist you with a smile.
Even with the fact that this city is not really that popular for expats, it is observed that more and more expats are starting to hear the goodness of Ipoh and that is because of the blending amenities that this city can offer. Ipoh is also ranked as one of the most enticing citires to retire, according toe a lot of international publications. That is mainly because of its strategic location which is in between Georgetown and Kuala Lumpur. However, compared to the two mentioned states, you will find that properties here are cheaper however, it is expected to rise in the future thus, will just be perfect if your funds are tight.
This is also called “Land Below the Wind” and is the second largest state in the country. You will find this state right next to the typhoon belt of the Philippines.
In this state, you will find a cluster f small and big islands which actually define this place and are the reasons why tourists can’t help but include this state in their itinerary. The biggest island of Malaysia which is the Pulau Banggi is part of this state.
Sabah is one of the most populated part of Malaysia with a population of 3.5 million. Though it is still not that popular to expats, you can say that it will soon as it has all what the tourists want like rainforests, wildlife, and scenic views that the country can offer.
There are still in Malaysia that will surely motivate you to start investing in real estate in this country. Before you start using your money though, you can still do a little digging to discover them more for you to come up with the right choice. After that, investing in property Malaysia will entail you to spend a good amount of money. Check out Gambier Heights
and Puncak Erskine as well.