As compared to other countries in Asia, Malaysia property price is considered one of the lowest among the ASEAN countries. There is still potential of property price appreciation in Malaysia considering its growing economic situation and under-priced properties.
Malaysian government has long been branding real estate and developers have capitalised on government policies by following government to woo foreigners to buy Malaysian properties. The initial branding exercise was in Japan, Korea, China, Singapore and Indonesia. Malaysia Property Incorporated (MPI), a government initiative to promote real estate investments in Malaysia works closely with government and private initiatives in medical and education tourism, and MM2H programme to market residential properties as well as other government agencies like the Malaysia Investment Development Authority to market industrial parks.
The property market started weakening from 2009 when the base lending rate was increased and there was a sign of an oversupply in office space and retail properties. Now, there is an oversupply in high-end properties and condominiums. Many foreigners are clouded by the current sentiment of Malaysia, but the smart investors will take advantage of this time to explore best investment opportunities in Malaysia. With Malaysia Ringgit having depreciated more than 30%, your investment certainly bring in more value.
All foreigners may purchase any number of residential properties in Malaysia, subject to the minimum price established for foreigners by the different states. They start from RM500,000 per unit for most states. Land is a state matter and it is important to check state laws before making any commitment, as the minimum purchase price is not standardized between states.