As a foreigner, you are allowed to borrow up to 80% LTV from banks in Malaysia and they are eager to lend to overseas borrowers. With interest rates currently amongst the lowest in Asia, at 3.5%, property purchase in Malaysia is now an attractive option for many investors.
The mortgage application process takes longer than in many other countries and you would be well advised to extend the three month period from your initial deposit payment to final signature of the Sale and Purchase Agreement, to allow for normal delays in obtaining your Malaysian loan.
Malaysia has long been a haven for property purchasers and tourists alike, seeking an exotic Asian holiday destination where high standards, a rich culture and stunning natural beauty all combine to make that perfect holiday location. Today however, Malaysia’s property market is taking on new dimensions due to a major government initiative, the Ninth Plan, which calls for impressive new provisions for the country’s infrastructure. This, along with a strong rate of economic development, including increased foreign investment, reinforces our analysts’ firm belief in the future success of Malaysia’s property market.
An already robust tourism sector is now spawning a secondary holiday home market which further boosts the strength of the property market and opens up many new investment opportunities to property purchasers in Malaysia. The Malaysian property market offers a good mid range investment opportunity to international property purchasers seeking reasonably priced real estate with sustainable growth potential in both the residential and tourism sectors. Malaysia boasts two primary property markets that are attractive to overseas buyers: the area around the capital’s central business district and the resort properties on the beautiful south western coast such as Port Dickson.
To find out more about this exciting new opportunity to invest within Malaysia’s growing property market, please take a look at our Malaysia Property Guide section where you will obtain all kinds of information on the practicalities of buying property in Malaysia and just what the country is like as a residential and holiday location. The Investment Property in Malaysia section will guide you through the economics and strategies involved in maximizing your investment returns by using carefully selected Malaysian property as your investment vehicle. Simply click on the boxes below and access a bank of information which will help you to fully understand Malaysia and its property market.