Malaysia is a country that some travellers avoid for fear of being too expensive due to its strong economy and more affluent areas such as Kuala Lumpur clouding people’s judgement. However, Malaysia as a country is still very cheap, with Kuala Lumpur even being a cheaper alternative to places like Singapore. Apart from the obvious city of Kuala Lumpur, Malaysia also boasts UNESCO World Heritage Sites (Penang), tree-top National Parks (Taman Negara), cultural hubs (Malacca) and beach-paradise islands (Tunku Abdul Rahman National Park). One downfall to Malaysia is the high tax on alcohol, which is expensive in bars, restaurants and supermarkets. Although it doesn’t vary much from the prices in the US, UK or Australia, it’s a lot more than Malaysia’s cheaper surrounding countries.
With all the perfect tourist sites being introduced, the next that we should talk about is how affordable the housing is in Malaysia for foreigners and locals!
Compared to Singapore, Malaysia has more land space and with developments in all areas of Malaysia, giving many a chance to grab a property of their liking, Malaysians are blessed with many affordable housing schemes such as HOC, RumaWIP, PP1M, PR1MA, and more.
They also offer foreigners with MM2H (Malaysia My 2nd Home) where foreigners can apply under this programme to come to Malaysia as their second home and unlimited entry pass into the country with their family.
Malaysia has a strong population growth that will help our country of 30 million people reach 40 million before 2040. All this, alongside urbanization and rising purchasing power, will inevitably lead to greater demand for prime real estate. The average price per square feet in Malaysia is relatively cheap compared to other Southeast Asian countries with RM700 per sqft in to RM1,000 or more per sqft depending on projects, Malaysia is still the most affordable country in terms of property purchase.
Other than property, we have great connectivity with mega projects like MRT 3 coming up and SUKE highway. NKVE highway linking the north and south together, Karak linking Central to East Coast and more! Cars are also well priced and not too expensive, roadtax and insurance are at an affordable price, owning a car is simple and won’t break a hole in your pocket.
Don’t get me started on the food and rich culture of Malaysia, as we are all diverse and rich in history. The common language in Malaysia is English and the majority of the population understands and are well versed in the language. Malaysia is also ranked as one of the top few countries for medical tourism, so what is there not to like about Malaysia?
Source : Property Queen