Why Kuala Lumpur Is a Good Place to Invest in Property

Real estate is one of the world’s largest asset classes, with a total value well into trillions of dollars. The bulk of real estate is made up of residential properties, which represent around three-quarters of the global market. But from the amount of money it attracts, it is clear that many investors see property as something which provides more than just a roof over their heads.

Besides being somewhere to live and an asset which hopefully appreciates over time, real estate can be a way to earn a regular income, a way to diversify investments, or collateral to finance other investment opportunities. Today, it is easier than ever before for investors to find great property deals because they can invest all over the globe. And in recent years there has been one area where many investors have been choosing to put their money, and that’s Southeast Asia.

One major city in the region where opportunities abound is the Malaysian capital, Kuala Lumpur. This article will look at what makes it a great place to buy property and why so many foreign investors are choosing it.

A large, accessible inventory

With a population of some two million people, Kuala Lumpur is one of the larger cities in the Asia-Pacific region and it’s expanding every year. This means that the real estate market in Kuala Lumpur is huge, and there are always hidden gems and opportunities to be found. These, however, would be no good if the only way to seek them out was to go there and look around.

Fortunately, the local population are educated, enterprising, and tech-savvy, so there are a whole host of websites to help you search through the city’s properties. Of course, there will be more opportunities in less well-known areas like Seputeh, and you can easily search specifically for these online. You can find much of the information you need, ask experts questions when there is something you can’t find, and see detailed pictures of the properties.

Ongoing government projects

One of the main attractions of Kuala Lumpur is that property prices are cheaper than in many Western countries, which makes it easier to acquire property with limited funds. But acquiring them cheaply doesn’t mean much if the price will not appreciate over time. If you’re considering real estate as an investment, it is nice to see some things going on that should push the value up.

In Malaysia, there are two such factors to be aware of. The first is China’s plan to make Malaysia a stop on its ‘maritime silk road,’ part of the One Belt One Road initiative. This means China is helping support and encourage industrial development, trade, tourism, and transportation in the country. The Malaysian government also has a ‘Great Kuala Lumpur Plan’ to turn the capital into a world-class destination. So far, it has already made many lists of most liveable cities, and investment is continuing to pour into areas like public transport and infrastructure.

Conclusion

There are many other factors that make Malaysia a great location to buy property, but these are two important ones that cause many investors, especially those with preconceived ideas about the country, to overlook its opportunities.