1) 7 Attractive points to invest in Malaysia

Why Malaysia property is attractive?

The foreigner purchase property in Malaysia has been on an uptrend, especially luxury condominium. Foreigners purchase properties in Malaysia for their own stay and also for investment. Malaysian properties are attractive to foreigners due the the reasons below.

Reason 1: Lower price and spacious space

The most attractive point for Malaysia property is the affordable price when compared to regional peers. With attractive price, a larger space offering is also another attractive points for foreign buyers. The average condominium in Malaysia has a high ceiling height, thus giving it a sense a spaciousness.

Reason 2: Beautifully designed and well-equipped facility

Condominium in Malaysia have the world class design and quality. Many high-end condominiums are designed by world famous architects.

Most condominiums are equipped with an array of facilities. These facilities are comparable to 5 star hotels.

Reason 3: Foreigner who resides in foreign countries can purchase the property and obtain housing loan

Generally, there is no limitation for number of residential units purchased for a foreigner living overseas if the purchase price is above RM1 million per unit. In addition, foreigner can use their own name to register the ownership. The ownership of the property is protected by Malaysia’s law, and the Malaysian Legal System which is based on the British System offers legal protection to the foreign owners.

Compared to Indonesia and Thailand, Malaysia has less limitation of property ownership and less legislative risk.

Reason 4 : The cost for purchase /holding/ sale is low!

With the absence of acquisition tax, purchaser only need to pay 4% of purchase price for stamp duty of strata title. Compare with foreign countries, the monthly service charge and sinking fund for Malaysian properties are cheaper. Most properties come with 1～2 car parks. Assessment tax is also very affordable , approximately USD200 yearly for 100 sqm property.

Pertaining to the real property gains tax for selling the property , if the property is sold within 5 years from 2014 , tax rate is 30% , and if it’s sold after 5 year of ownership, taxable amount is only 5% .Taking into account the low real estate gains tax and growth of Malaysia’s economy, Malaysian property is ideal for purchasers with medium- to long-term investment plan.

Also, there is no gift tax and inheritance tax in Malaysia. However, if donation or inheritance happen for property holders residing in foreign countries , our company can assist by introducing a certified tax accountant for this field so kindly contact us if necessary.

Reason 5 : Economic and population growth ,very promising as an investment destination.

In Malaysia, the population is on an increasing trend, thus a high economic growth can be expected . It can be said that Malaysia is very promising as an investment destination .Economic growth is recorded approximately 5－6% yearly , and Malaysia is targeting to become developed country by year 2030. In addition, population growth is increasing by approximately 2 % yearly. Besides, Malaysia has a sizeable expatriate community, therefore there is a big opportunity to rent to the expatriate community here.

Reason 6: Long stay visa (MM2H) is available and government backup for it

Malaysia government encourages foreigners from all over the world to stay in Malaysia by providing Malaysia My Second Home visa (MM2H) .The requirement for MM2H application is less stringent compare with other countries (Australia and Singapore,etc.) .

Property purchaser holding MM2H visa is well protected by the Malaysian Legal System. Once MM2H visa is obtained, the holder can stay in Malaysia for maximum 10 years. After visa is expired, renewal is easily approved if the foreigner is a law-abiding person in Malaysia. Besides, the MM2H holder do not have an obligation to stay in Malaysia, so people currently work abroad also can apply for a MM2H visa.

Reason 7 : Number 1 most popular country in the world, make the dream lifestyle come true

According to a research by long stay foundation researching for the desired long stay destination, except Australia, Malaysia is ranked Number 1 as the most popular country in the world from year 2006 to year 2014 for 9 years consecutively.

The reason for this popularity is due to the favorable weather conditions all year round, affordable and delicious foods, stable social economic conditions , good infrastructure connectivity and also a good healthcare system.

English is widely spoken in Malaysia , making Malaysia an ideal place to live for foreigners from all countries.

The end

Cosmos Plan is established since 1998, building a good network with property developers, bankers, lawyers and etc, we’re confident to provide the best service to our customers.

Following the increasing of multinational investments and long stay in Malaysia, our business network covers the major cities in Malaysia, namely, Kuala Lumpur, Penang and Johor Bahru.

In Malaysia, high economic growth rate is expected and with many attractive developments and infrastructure projects in the pipeline, thus offering plenty of opportunities for property purchasers.