Malaysia tops Vietnam in Chinese property investment rankings

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Kuala Lumpur: Real estate in Malaysia is now Chinese buyers’ second most popular Southeast Asian country, an improvement from third place in 2022, according to data released by IQI, which is a global network that comprises over 40,000 real estate agents.

In a statement today, IQI, which is a member of the international real estate technology group Juwai IQI, said the improvement is due to Malaysia’s convenient location, economic stability, international education sector, and growing property market.Juwai IQI co-founder and group CEO Kashif Ansari said Malaysia continues to attract significant foreign residential real estate investment.

SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya when it posted record high state revenue of RM6.973 billion last year. Read more “Malaysia has been one of the top three countries in Southeast Asia for residential buyers from China for the past five years,” he said.

“About 60% of Chinese buyers say they are purchasing for investment purposes in Malaysia and Southeast Asia, which remains consistent with the 2018 figures.“The share of buyers reporting that they purchase for their use was 63% in 2023, down from 66% in 2018,” he said. “This is why many of them purchase in popular expat neighbourhoods that already have a selection of such schools,” he explained.

 

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