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Editorial: Investment Property Hot Spots: Malaysia |
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A cosmopolitan metropolis offering
glossy cityscapes juxtaposed with century old traditions and lifestyles, Malaysia is not a destination for the fainthearted. It is however a paradise of property investment opportunities for those looking to add a Far Eastern flavour to their portfolio.
Recent sweeping changes to taxation and legislation have made Malaysia an attractive prospect for both local and foreign investment. The economy is strong with outside investment flooding in and many western corporations setting up Asian outposts there.
In terms of types of property, Malaysia offers a wealth of options for both the casual and serious investor. From urban real estate overlooking the business hub of Kuala Lumpur to tropical holiday properties set on silky sands fringed by blue sea and palm trees, Malaysian real estate is considered to be a good long term investment option by many investment analysts.
For those looking for a serious investment, property in Kuala Lumpur is a safe bet for long term rental incomes. Demand is currently strong for both residential and commercial property. Existing or new builds are plentiful and are backed up by an excess of demand. In comparison with other young, vibrant cities Kuala Lumpa is a cost effective solution for property investors with prices significantly lower than those of comparable builds in other capitals.
As a typical example, a one bedroom new build in the city centre Kiara 1 development is currently on the market for $ 110,005. The epitome of modern living, the apartments are a triumph of comfort and modernity, with everything from lighting, glass walls and architecture specifically designed to give a sense of space and comfort. Luxury living, five star views and an abundance of recreational facilities, the avant-garde Kiara 1 development boasts excellent rental potential. |
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