Why Property in Malaysia is interesting for foreigners?

In the last 20 years, the property industry in Malaysia experienced significant changes. Why? There are two factors. First, the quality and design of a dramatic change. No one says that all properties built with the bad in the past or the present property built with high standards.

To be sure, there is increasing focus on quality and use of materials better. We have many developers confidence to build quality homes without the worry of the property is not completed on time or face other problems.

We have many innovative designs and modern. In the last two decades, the architect of Malaysia and overseas property has been designing products with the design revolution. Giving a strong focus on the environment and the landscape was something new for Malaysia, but the future will be a regular thing.

Second, the government is now actively invite foreigners to buy property in Malaysia. In the past, the government restrict foreigners to buy property, but now almost all obstacles had been removed. There was no restriction how many houses can be purchased foreigners in Malaysia.

The stranger did not take long to get approval from the Foreign Investment Committee (the Foreign Investment Committee / FIC) when they buy property in Malaysia. However, they still must get approval from state authorities, and this takes time of at least six months.

Capital income tax real estate has been abolished, so if you sell the property for a profit, you will not be taxed for it. In Malaysia, foreigners can also buy empty land. Sale and purchase agreement can be done in their name and written in English. Some areas with government-owned land rent can also be obtained. When the rent is usually valid until 99 years and can be renewed after the contract ends.

Possible that one of the most interesting aspects of the Malaysian property is a bargain. The main real estate in downtown Kuala Lumpur, which has the highest prices in Malaysia, valued at up to 1200 ringgit Malaysia (RM) per square foot, or the equivalent of 170 pounds or 350 U.S. dollars. This value is equal to RM 12,000 or 1695 pounds per square meter. Prices are down half if you are looking for land near downtown, and even lower if the location on the outskirts of Kuala Lumpur. The value of land in the city of Penang, for example, tend to half the price in downtown Kuala Lumpur.

When you compare the major real estate Kuala Lumpur and Singapore, shows that property prices in Singapore are 10 times more expensive than in Kuala Lumpur. And this shows the value of the offer Malaysian properties when combined with the general cost of living is relatively low. This is a wonderful combination for those who think going to spend his retirement here.

What should not be a stranger bought in Malaysia?
There are several types of property that can not be purchased foreigners, namely the property at a price below RM 250,000 (or below RM 350,000 in Sarawak). This is to protect the citizens of Malaysia's low-middle income and inflationary pressure on the home buying simple and very simple houses.

Foreigners are also not allowed to buy land reserves of Malaysia. Certain parts of Malaysia can only be bought by Malaysia's own citizens. In addition, specific regions was built and known as the plantation of fruit with building density of at least one property per acre (1 acre = 0.4046 hectares). Strangers are not allowed to buy land.

The main real estate prices in Malaysia rose sharply in the last 10 years. This is the result of increased foreign interest and a strong economic performance after many Malaysians to buy their own homes. It is expected that this trend continues, although the amount of new construction to prevent this happening so fast. Which seem most obvious is the price of property in downtown Kuala Lumpur. Well, what about the property in Indonesia?