Malaysia has long been dubbed as Asia’s premier property investment destination. Hence, it is a common practice among locals and foreigners to purchase whether residential or commercial properties within the country.
Besides the capital city, Kuala Lumpur, more foreigners (as well as expatriates) are grabbing the opportunity to purchase and invest properties in Penang and the latest Iskandar Waterfront. What makes Malaysia the premier property investment destination in Asia?
Overseas investments are escalating within the country since government permits foreigners to own freehold or leasehold residential properties. This is partly due to government’s effort to woo more foreigners to settle down in Malaysia under Malaysia My Second Home (MM2H) programme.
Other reasons are tax relief for purchases of vehicles under MM2H, excellent infrastructure, quality education and various medial facilities available within the country, favourable rental returns, political stability and plenty more.
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