Malaysia is a modern, democratic country located in Southeast Asia.
The country is divided into two parts of varying sizes (East Malaysia and West Malaysia), separated by the South China Sea.
Malaysia shares borders with Thailand, Indonesia, and Singapore, as well as the Philippines and Brunei.
The country's climate is equatorial and monsoonal.
The capital is Kuala Lumpur.
The country's permanent population is over 35,000,000, with children and adolescents under 15 accounting for more than a third of that population.
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Malaysia, Penang
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East Malaysia is located on the island of Kalimantan and its surrounding islands, while West Malaysia is located on the Malay Peninsula. The country is divided into thirteen states and three federal territories. Malaysia has six international airports, the main one being Kuala Lumpur International Airport in the state of Selangor. Malaysia Airlines and low-cost carrier AirAsia serve the majority of flights within the country.
The Malaysian real estate market has shown steady growth in recent years. This is due to both the significant interest in local real estate from foreign investors and strong domestic demand. The majority of Malaysia's population is under 50, enhancing the real estate market's potential. The country is actively developing not only residential properties but also commercial real estate, including warehouses and retail space, modern office buildings, and industrial premises. The main demand for residential properties is in the mid-price segment, including mid-size apartments and two-story houses.
Several hundred Malaysian and international construction companies of varying sizes and specializations are constantly operating in the country. Many of them focus on residential real estate, while others focus exclusively on commercial development.
In addition to residential and commercial real estate, the country is actively constructing essential urban infrastructure and public spaces. Despite the large volume of work carried out by construction companies, as well as the entry of several major international real estate players into the Malaysian real estate market, the number of properties built annually does not meet demand, which is one of the factors driving up the price per square meter of real estate in the country.
Property prices in various cities and states of Malaysia:
Malaysia is an active member of several international organizations, including the United Nations, the Association of Southeast Asian Nations, the Commonwealth of Nations, the Asia-Pacific Economic Cooperation, and the Organization of the Islamic Conference. The country's largest cities include the capital, Kuala Lumpur, and the cities of Subang Jaya, Klang, Johor Bahru, Ampang Jaya, Ipoh, and Kuching.
Malaysia's economic prosperity is based on developed manufacturing and mining industries, agriculture, tourism, construction, and real estate. Tourism accounts for up to 10% of GDP. The country is among the top ten most visited countries in the world. Tourists enjoy exploring Malaysia's historical, cultural, architectural, and natural attractions. The country is famous for its natural parks in the east, excellent, clean beaches, and developed infrastructure for water sports, particularly diving and snorkeling. The warm climate allows visitors to visit the country at any time of year. Many tourists visit Malaysia's major cities, home to numerous ancient and colonial landmarks.
The best time to visit eastern Malaysia is from May to September, and western Malaysia from September to February. Many tourists come to Malaysia specifically for a beach holiday. Popular tourist beaches include Long Beach on Perhentian Kecil Island, Cenang on Langkawi Island, and Turtle Beach on Perhentian Besar Island. The beaches near Desaru, Kota Bharu, Kerteha, and Cherating are ideal for surfing. The best waves are found here from November to April. The beaches of Borneo are also a good location for experienced surfers. Niah National Park, with its dipterocarp forests and peat bogs, is also located here. The national park boasts a diverse fauna.
Malaysia's main resorts are Langkawi, Penang, Pangkor Island, and Borneo. Langkawi is ideal for families with children. Penang offers a great nightlife experience, with numerous nightclubs and bars. Nature lovers will appreciate Pangkor Island with its beautiful natural landscapes. There's also all the necessary infrastructure for diving and snorkeling. Tourists interested in visiting cultural and architectural landmarks and learning about Malay culture will appreciate the island of Borneo, with its numerous museums, churches, and Buddhist temples.
An important feature of Malaysia is its geographical location, which protects the country from many of the natural disasters common in Southeast Asia. Specifically, there are fewer earthquakes and volcanic eruptions, and significantly fewer tsunamis and typhoons. Foreign investors are attracted by simple and straightforward real estate purchasing conditions, as well as the Malaysia-Made-for-Second-Home (MM2H) program, which provides long-term (ten-year) visas for property buyers. Property buyers also enjoy government benefits, including duty-free car imports and no pension tax.
To make a choice when buying real estate in Malaysia, you can check out the rating of real estate agencies. And if you are interested in a specific location, then check out the projects of real estate developers in Kuala Lumpur.
