As the real estate market in Malaysia shows signs of recovery, land for sale’ and house for sale’ signs are springing up in cities all over the country. If you are someone who is looking to invest in Malaysian real estate, this is as good a time as any.
From Slowdown to Recovery
The Malaysian real estate market was hit hard in the past years due to a number of factors. In 2013, the government imposed strict lending rules, which affected property transactions to a significant extent. The goods and services tax (GST) imposed by the government and the sharp slump in the Malaysian ringgit’s value also contributed towards the slowdown of the market.
Fortunately, things are starting to look better in recent times. The ringgit has recovered from its slump and has gone on to become the third best-performing currency in all of Asia, after rebounding by 3.8% this year. The fluctuations caused by the GST have eased down and the market is showing signs of real recovery.
Experts believe that the property market will continue to recover and rise in 2017 and will peak by 2020. So, there is no sense of doom and gloom among realtors, builders, and investors as things are finally getting back to normal.
Malaysia – Buyer’s Market
One of the best parts about a recovering market is that it offers an incredibly opportunity for you to invest in properties without breaking the bank. The prices are stable and property owners are eager to sell off their property at a reasonable rate, especially if there is a surplus of unsold properties in the area. So, we are in the midst of a buyer’s market that offers you plenty of investment opportunities, many of which could be very lucrative in the long run.
Advantages of Buying Land in Malaysia
Malaysia is known for its stable economic, political, and cultural environment. There are no risks of violent political upheavals or sudden economic meltdowns, which could affect property prices drastically. The market has always offered attractive investment opportunities for buyers and stable returns for sellers.
It continues to be the preferred choice of investors – both locals as well as foreign. So, the land you buy now could fetch you great returns in the coming years. The demand for real estate in the country is fueled, to a great extent, by a highly affluent expatriate market. So, if you have plans of reselling your property to make money, you will find plenty of takers irrespective of the local market situation.
There are a variety of unused plots available throughout the country. From a small patch of agricultural land to an exotic private island, you can find properties on both ends of the spectrum here. So, no matter what your budget is, chances are you will find a piece of land that suits your needs perfectly.
Buying land in Malaysia gives you plenty of options. You could keep it fenced for a while, let it appreciate in value, and sell it off for a profit. You could build your dream home there. Or you could build an apartment or commercial complex and rent it out. The choices are plenty and you are only limited by your imagination budget.
Buildings, whether residential or commercial, particularly in prominent locations in big cities, can cost you a fortune and not everyone can afford them. Land, on the other hand, is a lot cheaper and is an ideal choice for small investors.
Things to Remember While Buying Land for Sale in Malaysia
- Make sure you buy unencumbered, freehold land, which is free of any disputes or caveats.
- Make sure you have 100% legal ownership of the land and have the right to sell it any time to anyone you want without any restrictions.
- Make sure you buy your land in an area that has good development potential. There are some areas with a bright future ahead of them. It is particularly important if you plan to build your home or a commercial complex and rent it out.
On the whole, the Malaysian real estate market is an investor-friendly market that can help you get big returns on your investment in the long run. If you are looking to invest in land, you should not hesitate and waste time. The right time to do it is now!
