Ever thought about retiring in Asia? Well, we couldn’t blame you. It’s always easy to answer the call of the travel bug whenever it is telling you to explore a different country—somewhere far from home—then get settled, get in touch with the country’s people, adapt to culture, and eventually live.
Malaysia has been one of the top destinations for expats who are looking to retire to Asia. It’s easy to tell why—the cost of living in Kuala Lumpur is definitely lower as compared to other Asian countries(i.e., Singapore), plus real estate in Malaysia is definitely more affordable, as compared to its neighbouring countries in the Asia Pacific.
Malaysian Real Estate
It’s difficult not to compare Singapore from Malaysia. Looking at the numbers, luxury properties in Kuala Lumpur is already 1/5 lower than luxury properties in Singapore. Curb sales are also popular, making it a win-win situation for investors—property is not that expensive, and there are always eager homeowners or condominium buyers or renters that are willing to shell out a few bucks in order to purchase dream houses and dream condominium units.
I’m an Expat—What to Do Now?
The Malaysian government provides foreigners with easy access in order for expats to invest on Malaysian businesses and real estate easier. “Malaysis is my Second Home” is a program designed for expats who are keen on making future investments in Malaysia, or stay there for long periods of time. Foreigners who would like to be in this program would gain access to a multiple-entry visa that is valid for ten years.
Where to Invest in Malaysia
Kuala Lumpur is a city that never sleeps—always bustling, hustling, and grinding, Malaysia’s capital city is booming with investment opportunities that you should always take advantage of. Foreign investors are mostly interested in Kuala Lumpur properties, as well as Penang, and Iskandar.
For commercial and residential real estate, condominiums and commercial complexes are always in demand for both residents needing a home or for a businessman ready to start his own enterprise. There are lots of good locations in the city, e.g., KLCC, Mont Kiara, and Bangsar. One Menerung, for example, is a highrise condominium that is attractive to expats. Investing on both residential and commercial properties in the Kuala Lumpur area are wise choices, as there is a high number of demand from both locals and expatriates alike.
Malaysia is definitely a great place for you to invest on—take advantage of real estate priced lower here! Whether it’s commercial real estate or residential real estate that you’re planning to invest on, remember: taking a risk is the first step in scoring that next great deal. Go ahead and make your way here to Malaysia! See you soon!