Malaysia sixth preferred destination for Chinese property buyer

Malaysia has been ranked as the sixth most-preferred country in the world for Chinese property buyer for the second consecutive year.

Based on the report by Juwai IQI on top 10 Chinese buyers picks for year 2019, Malaysia is more popular than United Kingdom (7^th place), Vietnam (8^th place), and Singapore (11^th place).

Juwai IQI executive chairman Georg Chmiel said “The data is based on real estate buying enquiries on properties in more than 90 countries from the company’s more than 3.3 million Chinese visitors per month”.

He also mentioned the reasons Malaysia been a favourite investment choice which it has affordable standards of living, high quality of life, medical facilities and accessible educational institutions. Besides that, Malaysia My Second Home (MM2H) Scheme also made the country a truly attractive compare to other.

According to the report, inquiries on residential properties in Malaysia by Chinese buyer had increased by 40.2 per cent in 2019 compared with 2018.

The 5 top Malaysian markets for Chinese buyers are Kuala Lumpur, Johor Bahru, Malacca City Kota Kinabalu and Shah Alam.



Source: Thestar