well... i had SOME luck with industrial and agricultural land in JB. wouldn't do it again. ever.AllBiz wrote:With horrific rent yields in Singapore I'm wondering if there are any other real estate investors here with an eye on Malaysia? Foreigners can own most properties free and clear so long as the sales price exceeds 1 million ringgit.
Let's get a discussion going! What cities/areas are you looking at?
I understand that foreign investors can only buy properties in Malaysia priced at RM$1 million and above. In Selangor the minimum price is RM$2 million.livingontheedge wrote:If you do invest in Malaysia now, go for completed landed properties in the mid-tier price range of RM300,000 to RM700,000. While the rental yield may be as great as condos, easier to realise and higher capital appreciation.
However the capital gains now were not as lucrative as it used to be. A property I bought in 2009 at 350K sold at 800K in 2013, while a property I bought in 2011 at 700K sold at 1,050K in 2014.
The returns may seem great but you there are ALOT OF CONSIDERATIONS before you do anything. I can provide you will all the details on the risks of investing in Malaysia having previously played in the market for so long.
I am thinking of doing cambodia now.........anyone with ideas?
IME this is one of the big dangers of buying an investment property off-plan, especially in large developments. When it completes/TOPs you have to compete against all the other investors to get a tenant. It can become a race to the bottom if there are many landlords paying mortgages and receiving no rent. This potential scenario is too unpredictable for me to have invested in new-build.livingontheedge wrote:A condo I bought in Ampang Hilir, KL, on the assumption I would obtain 8% rental yield based on market rates - 3 years later, upon completion, the rental yield for the area is now at 4.5%, with some landlords even going down to 4%.
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