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Johor Bahru, Malaysia is an attractive investment destination

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Johanna Zaho
Johor Bahru, Malaysia is an attractive investment destination

Expert columns and articles about the prospects of the frozen Korean real estate market are pouring every day. The keynote to restraining real estate investment, which has continued since last year, is expected to continue this year, and many worry about when the economy will recover. Many have already turned their attention to overseas real estate investment, especially in Southeast Asia, as an alternative to domestic real estate investment. The fact that the number of people who attended real estate investment presentations in each country last year increased significantly was a story shared by the industry through the news, and it was felt that the number of customers who contacted and visited speedhome actually increased.

Why? Southeast Asia?

Real estate investors who weigh on stability prefer regions where the property market is mature, such as London and New York. This is because there is less risk compared to stable return on investment. Southeast Asia is the area of interest for investors expecting higher profitability at lower investment costs. Overall, the investment threshold is not high, and because of its close proximity to Korea, it has been frequently visited and experienced, and it has been a long time since domestic investors became interested in real estate in Southeast Asia. Southeast Asia, which we see in Korea, such as relatively low prices and higher GDP growth than the Republic of Korea, resembles the Republic of Korea, which exploded in the 1970s and 1980s. Recently, the interest has been amplified. As well as Korea, several real estate investors, known in China and India, have paid more attention to Southeast Asia.

Why? Malaysia?

There is a lot of misleading information about real estate investment in Southeast Asia. 'With a Gangnam apartment, you can rent a few condos in certain Southeast Asian countries. In addition, the investment can be recovered in a short time. ' The information that stimulates people's expectations is pouring down. But when you check it out, the actual return is often not as high as the publicity, or you often face unexpected investment risks. Given the relatively low prices and economic growth rates, it is valid that Southeast Asia is an attractive investment zone. Among them, Malaysia has a lot of advantages for foreign investors compared to other countries. Those interested in the overseas real estate market, especially in Southeast Asian countries, have already learned about the real estate investment requirements in many countries, including Vietnam, Indonesia, the Philippines and Thailand. For example, country A can't buy land and land in the name of a foreigner, so it can only invest in conto that has no interest in land. In addition, as the depreciation is applied, over time, the price of the condominium will drop, making it impossible to obtain profits. You have to profit only from rental income. State B limits the holding period of real estate purchased by a foreigner. Malaysia treats foreigners with MM2H visas almost equally with local people. Foreign bankers with MM2H visas can enjoy the same benefits as Koreans in banking and lending. Inheritance / gift is also available, and tax is also exempt from tax. Even if you are on a long-term visa, you can stay as long as you want by renewing every 10 years.

Why? Johor Bahru?

Malaysia is a new town strategically designed by the country of Johor Bahru. As you all know, the capital of Malaysia is Kuala Lumpur. Johor Bahru will stand out in the economy. Currently, Malaysia is taking a variety of ways to attract foreign exchange. The Johor Bahru region, or the Iskandar Putri region, is a strategic new city for that purpose. In contrast to Kuala Lumpur, the capital of northern Malaysia, Johor Bahru is located at the southernmost point. Johor Bahru is close enough to Singapore's economic powerhouse Singapore to travel by land. Many global companies, including Coca-Cola and Huawei, have already established production parks to take advantage of geographical advantages. In Johor Bahru, where prices are lower than in Singapore, Singaporeans commute to work by buying homes. Also, on weekends and holidays, many Singaporeans come to Johor Bahru for shopping and dining. It belongs to Malaysia but is included in Singapore's economic zone.

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Johanna Zaho
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