Reviews about real estate agencies in Malaysia

Malaysia is a country with a rich cultural heritage and a strategic location in Southeast Asia. Malaysia is a place where Eastern and Western traditions meet. A developed educational system, international connections and an active cultural life make the country an important player on the world stage. The country attracts foreign investors, especially in the real estate sector, due to affordable prices compared to neighboring countries such as Singapore.

The process of buying real estate for foreign citizens is simple: there are no complex bureaucratic procedures, and investors can purchase residential and commercial real estate. However, to participate in the Malaysia My Second Home (MM2H) program, which allows foreigners to live in Malaysia for up to 10 years, it is necessary to meet financial requirements, such as certain assets and income.

When choosing a real estate agency, it is important to consider its reputation, experience and availability of legal support. Investing in Malaysian real estate can become a stable source of income with the right approach and choosing a reliable partner.

Real estate prices vary depending on the region. In large cities like Kuala Lumpur, property prices can be significantly higher than in less developed areas.

Malaysia is a country located in Southeast Asia. It occupies the Malacca Peninsula and the island of Borneo. The country is home to people of various nationalities: Malays, Chinese, Indians, and Europeans. Their traditions and customs have a significant influence on the culture, food, and lifestyle in general.

Real Estate Investment in Malaysia

Malaysia is an excellent place for investment. The developing real estate market, its convenient location, and affordable prices compared to other Asian countries make it attractive to investors. Investors from China, Japan, Hong Kong, and the UK often choose Malaysia for their investments. Purchasing property in the country has become very simple due to the lack of bureaucratic obstacles. You can acquire both residential and commercial properties, as well as land.

Benefits of Malaysia for Investors

Malaysia is a beautiful country with tropical forests and picturesque beaches, attracting investors looking to purchase real estate. Property prices in Malaysia are 4-6 times lower than in Singapore, making the local real estate market very attractive.

Property Prices in Malaysia

The average property price in Malaysia in 2024 was around $98,000 USD. However, the government has introduced restrictions for foreign investors, setting a minimum purchase price of 1 million Malaysian Ringgit (around $227,000 USD). This restriction was implemented to stabilize the market and protect local buyers, but it has also somewhat reduced the volume of real estate transactions. Despite this, the interest from foreign investors remains high, as the country offers a high standard of living, accessible healthcare, and many residents speak English.

Property Prices in Different Cities of Malaysia

Property prices in Malaysia vary depending on the region. In cities like Kuala Lumpur, prices for apartments start at 8,970,000 Ringgit (around $2,035,000) for a 3-bedroom apartment of 80 m², which equates to approximately 112,000 Ringgit (around $25,000) per m². At the same time, other areas of the country offer more affordable options.

Malaysia My Second Home Program

Purchasing property in Malaysia does not automatically grant the right to residency or citizenship. However, there is the Malaysia My Second Home (MM2H) program that allows foreigners to reside in the country for up to 10 years with the possibility of extension. Participation in the program requires meeting certain financial criteria:

For applicants under 50 years old:

• Proof of liquid assets totaling at least 500,000 Malaysian Ringgit (around $115,000).
• A monthly income of at least 40,000 Ringgit (around $9,000).
• Opening a fixed deposit account in a Malaysian bank with a deposit of 300,000 Ringgit (around $68,000).

For applicants over 50 years old:

• Proof of liquid assets totaling at least 350,000 Ringgit (around $80,000).
• A monthly income of at least 10,000 Ringgit (around $2,300).
• Opening a fixed deposit account in a bank with a deposit of 150,000 Ringgit (around $35,000).

After the first year of participation in the program, you can withdraw up to 50,000 Ringgit (around $11,500) for expenses related to purchasing property, children's education, or medical needs, with the minimum balance in the account being 100,000 Ringgit (around $23,000).

The Role of Real Estate Agencies in Malaysia

Professional real estate firms can assist in choosing the ideal property. Real estate agencies in Malaysia play a key role in the market by providing a wide range of services to foreign investors. They help in selecting suitable properties, resolving legal and financial matters, ensuring transparency and security of transactions.

How to Choose a Real Estate Agency in Malaysia?

When choosing a real estate agency in Malaysia, the following factors should be considered:

• Reputation and experience: Check the agency's client reviews and market experience (reviews can be found on our website).
• Legal support: Make sure the agency provides assistance with legal issues related to property purchase.
• Market understanding: The agency should be well-versed in the local real estate market and price trends.

Real Estate Investments in Malaysia as a Stable Source of Income

Investing in real estate in Malaysia can become a profitable and stable source of income. It is important to carefully choose a real estate agency, consider its reputation and experience, and be well-informed about the legal and financial aspects of the transaction.