There are many opportunities to be realized given the right know how and connections.
that's a very subtle way of putting it, LOL.
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There are many opportunities to be realized given the right know how and connections.
Exactly - you have a constitutional right of discrimination against the group of people who are hard-working and dominate the economy as a result. Why would you invest there if you are an Australian citizen? Things can erupt at any time - you just need to see those race riots in Malaysia back in the 1950s.
Not to mention a corrupt and inept government as well - people are scared of investing there and the ringgit is the first currency to get dropped if the ***** hits the fan. Not worth it at all!
Well said - again for retirement as opposed to capital gain. Penang is a lovely place with good food and culture.
i'm no big fan for penang either - prefer the KL city as opposed to the laid back penang. Like i said ... i know a few people who couldn't move their property.
Does anyone know anything about the Kuala Lumpur property market, besides that KLCC has a current over-supply of high end apartments? I'm attempting to scatter my investments in property around the world and this market is quite interesting. Does anyone have any recommendations for areas. I have been looking in the Mt Kiara area.
I have heard from some people that it is easy to find a tenant for your apartment and from others I have heard that it can be difficult, but does anyone have any direct expertise or experience in this.
Cheers
Craig
Hi Scobie
I have been reading your post with interest; it is my intention to spend a part of the year in Singapore (where i have family) and Malaysia when i retire
I know there is a scheme "Malaysia your second home" to encourage foreigners to invest and stay legally in Malaysia.
Would you care to share typical living costs in Malaysia?
eg. rental costs (condo in KL surrounds/Penang/Johore); food ; medical etc PER MONTH?
I know it is difficult but any info would help!
thanks