Property Investor information: Malaysia
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Property Investor information for: Malaysia
As a former British colony, Malaysia is at once familiar and exotic. The country lies just north of the Equator and has a year round tropical climate with all the sandy beaches and cool mountain retreats that you would expect. The capital, Kula Lumpur is a thriving, cosmopolitan hub containing some exceptional culture. The city has a distinctive blend of East and West with traditional Malay architecture side by side with modern sky scrapers - The Petronas Towers are currently the tallest buildings in the world.
The majority of investment opportunities lie within Kuala Lumpur and the North Western island resorts of Langkawi and Penang. However, opportunities do exist in smaller resort areas and cities such as Mallaca.
The property market in Kuala Lumpur and the main resort areas is driven by significant external investment, particularly from investors based in regional hubs such as Singapore and Hong Kong. Much of this investment is supporting the strong growth in the Malaysian tourist industry that is currently occurring. Malaysia has all the exotic heritage and natural beauty of Thailand with the current advantage of being less developed and less expensive.
Economic growth in Malaysia has been significant despite the 1997 Asian crisis. When combined with the growth of tourism, the level of external investment and the current costs of property, it is easy to sea why Malaysia provides such a level of opportunity.
