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Chinese buyers drive luxury real estate boom in Malaysia

Malaysia is experiencing a significant increase in interest from Chinese nationals seeking multi-million-ringgit luxury homes, driven by investment and educational opportunities. Real estate firms report a notable rise in inquiries and transactions from China, particularly in Kuala Lumpur’s prime areas. This uptick is attributed to Malaysia’s political stability, expected economic growth, and the country’s attractiveness compared to others tightening foreign business and educational opportunities. In the first quarter of 2024, inquiries from Chinese buyers surged by 42%, with luxury property transactions also rising. The increase in Chinese students and professionals in Malaysia further supports the demand for high-end real estate. Malaysia’s appeal is enhanced by its more favorable property tax rates and relaxed visa policies compared to countries like Singapore. Despite China’s capital controls, interest in Malaysian property remains strong, with potential buyers finding ways to navigate financial restrictions.

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