Looking for a House in Malaysia? Check Out Our Quick Guide in Getting the Right Type and Location for Your Needs
If you’re looking for a new house in Malaysia, it needs no introduction that the demand for Malaysian properties is on the rise. Around mid-2019, efforts to escape unrest in the ongoing Hong Kong protests fueled in-market demand, in addition to continued interest among local Malaysians. As a smart investor, getting the right type and location for a housing investment should be top of mind in getting more bang for your buck. Check out our quick guide below on how to stay on the top of the game.
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Property Types
You must first be clear about your purpose in looking for a new house for sale in KL, Malaysia. Do you intend to buy for own stay or investment? Having these questions answered, and an awareness of your financial profile will help inform your purchase decision. Before you jump the gun, did you know there are more than just one type of properties to invest in?
Residential property: This is a property investment option for those who aren’t cash-rich. The appeal of this type of property is in its lower entry price point. Investors and home buyers can obtain higher loan margins (up to 90%) versus other commercial property investment options.
Commercial property: If you have strong holding power, commercial units will fit your profile. The property value relies on the occupancy, interconnectivity of transport networks within the township as well as the quality of the building maintenance.
Retail property: Those looking to own a property and connecting with businesses should opt for retail investment. Profit-sharing between landlord and tenants are an option, while the base rent is there for maintenance purposes.
Industrial property: The high rollers of property investment will be the ones looking at industrial property as they carry a significant fee and service revenue streams to increase the return on investment for the owner.
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Finding the Right Location
Malaysians opting for long-term investment will recognize the importance of location in looking for houses for sale in KL, Malaysia, weighing both factors of rental yield and capital growth. We have handpicked some strategic and vibrant city locations for own stay and investment purposes.
Kuala Lumpur Property
Kuala Lumpur is an urban area ripe for investment as it is home to a host of attractions from the globally recognized iconic landmarks like the Petronas Twin Towers, religious retreats like Batu Caves, as well as culture-laden streets markets and botanical gardens. The hotspots for investment in this area include:
- Kuchai Lama
- Sentul
- KL North
- Cheras
- Jalan Kuching
Selangor
As a prime state that houses the Klang Valley, Selangor is no stranger when it comes to well-connected urban living at its best. With more than ever public amenities, comprehensive retail outlets, schools and superb public transportation such as LRT/MRT, it is a mature market to scout for new houses that will reward well-informed buyers. Some of the popular places include Petaling Jaya, Kelana Jaya, Rawang and Sungai Buloh.
Johor Bahru
Johor Bahru, formerly known as Tanjung Puteri or Iskandar Puteri, is the capital of the state of Johor, Malaysia. It is located along the Straits of Johor which separates the Malaysian state of Johor on the mainland Malay Peninsula to the north, from Singapore and its islands in the south. The investment pot of gold in Johor is Pasir Gudang, which houses the Iskandar Malaysia project.
Penang
Penang is an island state of Malaysia, known for its British colonial buildings, Chinese shophouses and mosques. Bayan Lepas represents one of the towns within Georgetown which is surely gaining traction among investors.
More Than Just Types and Locations
This guide gives you a quick start on at least understanding the typical types of properties as well as some notable locations in Malaysia when it comes to buying a property. With the above in mind, the next step is to incorporate some geographical and demographic research in the area of your interest and look out for new houses that are available for sale within the targeted area.
By adopting a methodical approach, finding a new house becomes simpler and more methodological, rather than being just a guessing game.
