Is it appropriate to buy real estate in Penang, Malaysia now?

Now that real estate speculation is so fierce, I personally feel that if I invest or live in Malaysia, the earlier the housing situation is, the better it is. You see, the real estate in Johor Bahru is rising. You can search related Malaysian real estate information through Baidu.

Different cities have different potentials:

Penang: Penang is divided into Penang Island and Wellesley Province. Penang, Penang Pula, Shuangxi Petani and Curry are all ideal choices for real estate investment, because these places are all areas that provide housing for Penang metropolis. The real estate in these areas is suitable for residential and commercial purposes.

Take the property in Penang, Malaysia as an example. There are still many people who want to buy a house, especially first-time buyers, but the problem they face is bank loans, which is the most fatal factor. Because, once you buy a property in Malaysia and don't pay the mortgage, nothing else can be discussed.

At present, the bank interest rate is low, and the Malaysian real estate market has begun to slow down. This is the best time to buy a house. In addition, there will be no bubble in real estate in Penang, Malaysia, because the land price and building materials are rising, so the house price in Malaysia is unlikely to fall, but the market will slow down.

Kuala Lumpur: Kuala Lumpur is one of the fastest growing areas in Malaysia's real estate market, especially after the booming Asian economy in the 1990s. Kuala Lumpur has convenient investment, the city airport is connected with major air routes and supported by high-speed railway service system. As the regional headquarters of many multinational companies, it attracts immigrants from all over the world to live for a long time, and the rent is also rising. Foreigners can buy up to two houses and have the right to get up to 60% bank loans.

Kuala Lumpur still has a real estate policy that welcomes foreign buyers. Overseas people are allowed to directly hold the property rights of the purchased real estate, and can freely purchase real estate with a value of RM 500,000 or more, and there is no restriction on the purchase of loans. Overseas people generally only need to pay 10%-30% down payment, so it is easy to buy a house with less burden. If the purchased real estate is sold after five years, it will be exempted from real estate transaction income tax and there is no foreign exchange control. Moreover, compared with European and American countries, the cost of holding real estate in Malaysia is quite low, and the land tax and house number tax paid by millions of real estate every year are only a few hundred yuan, which is almost negligible.

With the increase of population and the concentration of urbanization, the price of real estate is rising, and the demand for private housing will also rise. In order to ensure the housing needs of local citizens, the Malaysian government will restrict the purchase of houses by non-local citizens, so now is the best time to buy real estate in Kuala Lumpur.

Johor: Located near Singapore, it is one of the major core cities in Malaysia. The population has increased greatly and the tourism industry has developed rapidly. Source Baidu Link www.contactmalaysia.com.cn/mlxyfc/2620.html