Malaysia remains the property investment destination for Chinese investors as the slowdown in the republic’s property market leads to an increase in Chinese investment in overseas properties, especially in Southeast Asia.
Juwai IQI said in a report that many Chinese buyers believe Malaysia’s property market will recover from its current weakness in the coming year and they will be rewarded for their investments.
The Asian property technology group noted that Malaysia’s economy is recovering rapidly from the pandemic, with forecast full-year 2022 gross domestic product growth of 5.5%.
“Malaysia is geographically proximate, affordable and offers an appealing lifestyle to buyers from China, especially the colder north. Malaysia’s new premium visa programme (PViP) opens the door to wealthy migrants who wish to reside and work in the country.”
Juwai IQI believes the new visa programme will succeed in attracting close to its target of 1,000 participants in the first year.
Malay: Berita Harian
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