Property in Malaysia
Jan - 09 | 
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Foreign Property Markets, Malaysia Property, Property Investment Guide
Since the end of October I have wanted to write about the developments (to follow) and experience I had in Malaysia. Malaysia is located in Southeast Asia and consists of two parts: Peninsular Malaysia and East Malaysia (the Indonesian part of Borneo) separated by the South China Sea. Malaysia is a former British Colony and the country was formed in 1963. In 1965 the island of Singapore formed it’s own nation.
KL is undergoing a massive property development program extending into the Embassy district close to the centre. Old houses and land is being bought up and new buildings are popping up everywhere. Ever since the Petronas towers were completed KL has been firmly stamped on the map.
KL has much to offer including heritage buildings, monuments to its butterfly and orchid gardens. Suria KLCC nestled in between the two Petronas towers is a shopping haven with many floors of shops from Gucci to small supermarkets its all there! For the more adventurous shopper Chinatown, Little India, Central Market, local bazaars and the many other shopping malls offer an array for products and smells. As a foreign property owner in KL there are so many restaurants and bars that you will never get bored of the surroundings.
I feel is traffic is a downside to KL, as it is grid locked downtown most of the day and when it rains Taxi’s do not want to drive you, so you can get stuck. It rained most afternoons I was there and I understand that this is common.
So to sum up KL is an eclectic mix of people and cultures, vibrant and on the up.
I also visited Koto Kinabalu in the province of Sabah on Borneo. This was a totally different experience to the city, but naturally beautiful and a potential property hotspot because of its proximity to a number of islands ideal for Snorkelling, Water sports and Jungle Trekking. Check out Vista at Sutera HarbourFYI: Real Property Gains Taxes for foreigners are 30% within 5 years after date of acquisition 5% 6 or more years of owning the asset.
Data taken from Property Lookout
If you are interested in retiring to Malaysia they also have aMy Second Home Program