Ever wonder why Mainland Chinese Investors are buying more luxury homes in Malaysia? We keep on seeing it in the news. Should we be scared or relieved from this news?
Key Takeaways: Here’s what you need to know.
- The Chinese are dominating Multimillion-Ringgit Properties in Malaysia.
2. In the past month, top media outlets reported a surge in inquiries from Chinese buyers.
3. They are purchasing multimillion-ringgit properties via Juwai IQI, constituting the largest group of foreign buyers in Malaysia.
The question is, why?
Together, let’s dive deep and uncover the truth behind these over-the-top purchases!
Why Malaysia?
Chinese buyers appreciate Malaysia’s stronger economic growth, attractive culture and lifestyle, political stability, international schools, proximity to China, and relatively affordable property.
While Malaysia has welcomed foreign students to its universities and international high schools, countries such as Australia and the United States have made students feel less welcome.
Juwai IQI Co-Founder and Group CEO Kashif Ansari stated;
The number of inquiries from Chinese buyers for Malaysian residential real estate jumped by 42 percent compared to the previous quarter. They made up the largest segment of foreign buyers in Malaysia.”
Chinese buyers have made Malaysia their second most popular market in Southeast Asia, up from third in 2022, following only Thailand, according to data from Juwai IQI.
Among the major media outlets that covered this story were the New Straits Times, The Financial Times, Yahoo!, the Malay Mail, and The Sun.
