February 24, 2023
The Malaysian property market has seen a surge in interest from Singaporean investors in recent years, and it’s easy to see why. With lower property prices and more relaxed regulations, Malaysian real estate has become increasingly attractive to Singaporeans looking to invest.
Singapore's high cost of living is due to the fact that it is a small city-state with limited land and resources. Prices for everyday items, such as food and utilities, are also expensive. The cost of purchasing a property in Malaysia is significantly lower, offering a much better value for money to Singaporeans.
One of the biggest draws of the Malaysian property market is its prices. In comparison to Singapore, property prices in Malaysia are more affordable and offer more flexibility for investors. In addition, the Malaysian government has implemented a number of incentives to encourage foreign investment, such as the Malaysia My Second Home Programme, which offers tax incentives and a 10-year residency visa for those who purchase a property. This makes investing in Malaysia a much more attractive option for Singaporeans.
Another factor that makes the Malaysian property market more attractive is the relaxed regulations. Singapore’s property regulations are notoriously stringent, with buyers needing to pay hefty taxes and fees in order to purchase a property. In Malaysia, however, the regulations are much less restrictive, and the fees are much lower. It makes it possible for Singaporeans to purchase property and invest in the Malaysian market without having to worry about hefty fees or taxes.
Finally, the Malaysian property market is much more diverse than Singapore’s, offering more variety and choices to invest. Given the potential for higher returns, a wider selection of properties, and the proximity of Malaysia to Singapore, it is clear that Singaporeans can benefit greatly from investing in Malaysian property.