Malaysia has it all for China house buyers

  • Nation
  • Tuesday, 04 Sep 2018

BEIJING: Property growth rate, public security, easy access to educational institutions and healthcare facilities are among the main concerns of potential house buyers from China.

Asia-Europe Trade Development Association vice-president Chen Chao said the property market in China had rocketed beyond the affordable range for many people, who believed that the industry had reached its peak in first-tier cities like Shangai, Guangzhou and Beijing.

In the Chinese capital, for example, Chen noted that residential units around the city centre could easily reach 100,000 yuan (RM60,278) per square metre.

“It is around 40,000 yuan (RM24,111) per square metre in second-tier cities like Hangzhou and Xiamen.

“So, those with money are looking at overseas market and Malaysia is one of their preferred destinations,” he said.

Chen said the green environment, inclusive and tolerant society as well as Chinese-speaking community were among the attractive features of Malaysia.

Other than that, he noted that the freehold and 99-year leasehold property titles were also part of the package that enticed Chinese buyers.

“In China, the land usage right for commercial units is 40 years and 70 years for residential units,” he added.

SP Setia divisional general manager Tony Ling said property price at the KLCC area was between RM18,000 and RM30,000 per square metre.

Tip-top healthcare facilities, easy access to commercial malls and the low cost of living were the strength of Malaysia in attracting foreign property investors, he said.

“There is also no additional taxes for foreigners,” he said at a talk on Malaysia Investment and Develop­ment, jointly organised by the developer and Malaysian Chamber of Commerce and Industry in China (Maycham China) here on Friday.

Maycham China chairman Will Fung emphasised that Malaysia welcomed investments but priority would be given to sustainable developments.

“We hope to leave behind a comfortable and safe environment for our children,” he added.

At the event, over 100 Chinese entrepreneurs were briefed on investment opportunities in Malaysia and the Malaysia My Second Home programme with SP Setia introducing several of its projects to them.

Among the questions raised by them included the quality of healthcare facilities and education institutions around there.

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Family & Community , sp setia , property


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