Malaysia attracts record numbers of Chinese buyers

Malaysia attracts record numbers of Chinese buyers

The Malaysian property market is now proving more popular with buyers from China as opposed to those from Singapore, a recent report has revealed.

Real Capital Analytics has released figures which show that, during the last three years, buyers from mainland China have spent around £1.68 billion on Malaysian property. Meanwhile, investors from Singapore only spent £785 million.

Asia Pacific has room for investment growth

The research, which is based on completed transactions of £8 billion and above, has cited the affordability of Malaysia as the main reason for the influx of Chinese buyers, a belief that Cushman & Wakefield shares.

“The Chinese investor today has a lot more options and has become more comfortable going to Europe and the US, but not everyone has the same options – Malaysia is much more affordable,” explained Sigrid Zialcita, managing director of Asia-Pacific research at Cushman & Wakefield.

“If you compare prices, even between Malaysia and China, you are looking at a significant difference.”

The Malaysian government actively encourages international investment via its Malaysia My Second Home scheme, a programme that allows foreigners to live in the country on a long-stay visa of up to 10 years providing that they have good health and enough funds to invest into the local economy.

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