Malaysian real estate market trends:

In the current Malaysian real estate market, there are distinct trends impacting both local and international buyers. A notable trend is the growing interest in properties outside of major urban centers like Kuala Lumpur, driven by factors such as affordability and improved infrastructure in secondary cities. Local buyers continue to exhibit a strong preference for properties outside of major urban centers, driven by affordability and a desire for a better quality of life in suburban and secondary cities. Government incentives, including tax breaks and attractive financing options, are boosting local buyer confidence and stimulating property purchases. For international buyers, Malaysia’s My Second Home (MM2H) program remains an attractive option, offering long-term visas and enticing property investment opportunities. While the program does not offer citizenship, it provides long-term residency status, allowing international buyers to purchase property and enjoy a range of benefits, including access to affordable healthcare and education, tax advantages, and a high quality of life. However, the market has seen a notable trend of increased interest from foreign investors, particularly from neighboring countries like China and Singapore, seeking investment opportunities in the Malaysian real estate sector. The adoption of eco-friendly practices in construction and development is increasingly appealing to both local and international buyers, reflecting a global commitment to sustainability. Additionally, the proptech sector’s growth is streamlining property transactions and enhancing the overall real estate experience for all buyers, regardless of their origin. Despite these positive trends, addressing housing oversupply in segments like high-rise condominiums and ensuring affordable housing solutions for local buyers remain ongoing challenges in the Malaysian real estate market.