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Land For Sale Malaysia
In choosing the perfect place to call home, people consider a lot of things, usually leaving out the most important ones behind. Yes, it is understandable that purchasing land is a significant investment. You have to be careful in weighing all the factors. But at this time when prices of real estate are at peak anywhere in Malaysia, you seriously have to put affordability at the top of your list.
Malaysia, with its rich culture and newly-industrialized economy, is one of the most fitting home bases in Asia. Compared to Singapore and Hong Kong, real properties here are several notches cheaper. Within Malaysia, the capital city Kuala Lumpur and second largest city – Penang, has the most rapid development. The country’s second largest city, Penang, may be the best place in Malaysia to purchase land. In terms of land prices, it has outperformed other areas in the country especially after the economic crisis in 2008-2009. Especially now the Penang Second Bridge is officially opened, more and more investors are pouring in, asking for Penang land for sale.
Economists say it is better to buy than to rent real estate in Kuala Lumpur, Penang or other places, in Malaysia these days because of the new foreign ownership restriction implemented by the state. Starting this year, foreigners can only buy properties worth 1 million Malaysian ringgit and up. Although this sounds discouraging, Malaysia still imposes lesser foreign ownership restrictions than any other country in Asia.
Another crucial factor to count in is the stability of the country’s economy. Malaysia’s has been on an uphill climb for the past five years. In 2014, its economic freedom reached 69.6, bagging the 37th spot in the 2014 freest Index. This manifests the country’s success in financial, investment, labor and business freedom. In the Asia-Pacific region, it is 9th out of 42 countries. The upward trajectory is attributed to government efforts on improving competitiveness in Malaysia. Financial-sector modernization is one of the most vital reforms it has undertaken.
If you are a business owner or you are planning to set up a business, the Land of the Free is truly a place for you. For the past years, the Malaysian government has stepped up regulatory efficiency, giving a smooth sail to business entities. It takes only six days on average and three procedures to incorporate a business. There is also no minimum capital required. As a smart investor, one should always consider diversifying portfolio and learn how to invest in Malaysia land.
If you are considering interaction with the natives as another factor, Malaysia has an edge among several Asian countries. Since English is a second language here, you will not find yourself lost without anyone giving you directions or whatever instructions you need.
The very amusing culture of Malaysia is one of the reasons why about two million foreign tourists walked their land in 2010. Since this country is a mix of Chinese, Malay and Indian heritage, living here feels like journeying through three different nations.