Current location - Loan Platform Complete Network - Bank loan - Is it suitable to buy real estate in Penang, Malaysia now?
Is it suitable to buy real estate in Penang, Malaysia now?

Nowadays, real estate speculation is so fierce. I personally feel that if you are investing or living in Malaysia, the earlier the property is available, the more favorable it will be. You see, real estate in Johor Bahru is now rising. You can Baidu to search for relevant Malaysian real estate information.

Different cities have different potentials:

Penang: Penang is divided into Penang Island and Province Wellesley. Penang, Seberang prai, Sungai Petani, and Kuli are all ideal choices for property investment as these places provide housing for the Penang metropolis. Real estate in these areas is suitable for both residential and commercial purposes.

Take real estate in Penang, Malaysia as an example. There are still many people who want to buy a house, especially first-time buyers, but the problem they face is bank loans, which is the most fatal factor. Because once you can’t get a mortgage to buy a property in Malaysia, everything else is out of the question.

Currently, bank interest rates are low and the Malaysian real estate market has begun to slow down. This is the best time to buy a house. In addition, real estate in Penang, Malaysia will not bubble, because land prices and building materials continue to rise, so Malaysian housing prices are unlikely to fall, but the market will slow down.

Kuala Lumpur: Kuala Lumpur is one of the fastest growing real estate markets in Malaysia, especially since the Asian economic boom in the 1990s. Kuala Lumpur is convenient for investment. The city’s airport is connected to major air routes and is supported by a high-speed rail service system. As the regional headquarters of many multinational companies, it attracts immigrants from all over the world to live here for a long time, and rents have also continued to rise. Foreigners are allowed to purchase up to two residences and are entitled to obtain bank loans of up to 60%.

Kuala Lumpur still implements a real estate policy that welcomes foreign buyers. Overseas people are allowed to directly hold the property rights of the purchased properties, and can freely purchase properties worth more than MYR 500,000, with an unlimited purchase and loan limit system. Overseas people generally only need to pay 10%-30% as a down payment when buying a house. The burden of buying a house is small and it is easy to buy a house. If the purchased property is sold after five years, the property transaction income tax will be exempted and there will be no foreign exchange controls. Moreover, compared with European and American countries, the cost of property ownership in Malaysia is quite low. The annual land tax and house tax paid for a multi-million dollar property are only a few hundred yuan, which is almost negligible.

With the increase in population, concentrated urbanization, rising real estate prices, and the demand for private residences will also increase. In order to ensure the housing needs of local citizens, the Malaysian government will impose house purchase restrictions on non-local citizens. , so now is the best time to buy real estate in Kuala Lumpur

Johor: geographically close to Singapore, it is one of the major core cities in Malaysia. The population has increased significantly and tourism has developed rapidly. Source Baidu link www.contactmalaysia.com.cn/mlxyfc/2620.html