Malaysia: a wealth of culture and modern opportunities

Malaysia: an overview of unique features

Malaysia is a unique country in Southeast Asia with diverse geography and a rich cultural heritage. The northern part of the country occupies the Malay Peninsula, which borders Thailand and Myanmar, while the southern part is home to Borneo, the third largest island in the world, shared with Indonesia and Brunei. Malaysia is unique in that it occupies a maritime island that belongs to three countries simultaneously. The South China Sea separates the mainland and the islands of Malaysia, and to the south, the country is connected to Singapore by a narrow causeway, having maritime borders with Vietnam and the Philippines.

Malacca Strait and Cape Piay

The Malacca Strait plays a key role in global maritime routes, separating the Malay Peninsula from the island of Sumatra. At the southern tip of the peninsula is Cape Piay, which is the southernmost point of continental Eurasia.

Multiculturalism in Malaysia

The country is home to more than 20 nationalities, making it particularly "multicultural". Malaysia's cultural heritage is rooted in indigenous traditions, as well as the influence of the of the Chinese and Indians who arrived here in ancient times.

Architectural landscape of Malaysia

The architectural landscape of Malaysia ranges from modern skyscrapers in the capital to authentic wooden structures in small settlements. Urban industrial beaches on the mainland give way to luxurious white sand beaches on exclusive Borneo, where Chinese tea houses coexist with upscale Indian restaurants.

History and traditions of Malaysia

Malaysia has a rich trading history, thanks to its location at the Strait of Malacca, where merchants from India and China met. These encounters, which arose during the peak of Eastern trade, had a significant impact on the culture and economy of the country. In the 19th century, Malaysia became a British colony, which also played a key role in its development.

Administrative division and currency Malaysia

Administratively, Malaysia is divided into 13 states, 11 of which are located on the Malay Peninsula, while two states and one federal territory are on the island of Borneo. The official currency of the country is the Malaysian ringgit.

Malaysia is a highly developed country with a rich culture, offering numerous opportunities for tourism and investment.

Airports and air transportation

Malaysia is home to six international airports, with the most popular being the Kuala Lumpur International Airport (KLIA) in Sepang, Selangor. Kuala Lumpur Airport (KLIA) in Sepang, Selangor. Malaysia Airlines and AirAsia operate the main air transportation in the region. Although there are no regular flights from Moscow to Kuala Lumpur, on holidays and New Year's Eve from Moscow, Yekaterinburg, and Novosibirsk to the Malaysian capital for a price of about 35,000 rubles.

Popular routes include flights via Doha with Qatar Airways, via Dubai with Emirates Airlines, via Abu Dhabi with Etihad Airways, as well as via Beijing with Air China. Turkish Airlines offers a convenient option with a layover in Istanbul and a total travel time of about 15 hours. Ticket prices for these flights are slightly above 30,000 rubles. It is also convenient to travel from Bangkok to Malaysia, as well as to other Asian countries.

Transport infrastructure

Rail transport in Malaysia is well developed. The railways run from Singapore through key towns on the Malacca Peninsula to the border with Thailand. The country's main seaports are located in Klang, on Penang Island, in Langkawi, in Johor state, in Kuantan, and in Kota Kinabalu. There is also ferry service between the main Malaysian islands. The important North-South Expressway connects the coastal cities of the peninsula and other highways in the country.

Advantages of Malaysia

Malaysia offers a high level of safety, stunning natural beauty, magnificent beaches, and modern educational opportunities.

Developed modern cities such as Kuala Lumpur, as well as the ability to find a place to live or invest, make it attractive to many. for living or investment make it attractive to many. A rich history and trading traditions have left their mark rich history and trading traditions have left their mark on the modern image of the state, which welcomes people of different nationalities and religions. and religions.

Gastronomy

The gastronomy of Malaysia is a unique synthesis of Indian, Thai, Indonesian, and Chinese culinary traditions. Only fresh ingredients are used in cooking, and the combination of local spices gives the dishes an amazing flavor.

Malaysia's economy: stability and growth

The economy of Malaysia ranks among the leading fast-growing economies in Asia. The country's gross domestic product increases by about 6.5% annually, which is an impressive figure over nearly half a century. This success is attributed to extensive natural resources, rapidly developing manufacturing sectors, as well as active trade and tourism industries.

Real estate market: prospects and investments

Malaysia's real estate has experienced difficulties during the global financial crisis, but is now showing steady growth. is now showing steady growth. Thanks to the difference in exchange rates between the Malaysian ringgit and the dollar, house prices remain relatively low, making the current moment particularly attractive for investors. dollar, house prices remain relatively low, making the current moment particularly attractive to investors. Medium-priced housing is very popular among locals.

Modern construction and its challenges

Stable economic development stimulates the growth of modern construction in Malaysia. The market is seeing buildings that meet the highest standards, utilizing advanced technologies and original design concepts. However, the excess supply in the market necessitates an increase in demand to achieve a more balanced state.

Penang Island: a growing market and a supply shortage

Economic changes on Penang Island are accompanied by rapid population growth, which creates the potential for a supply shortage in the real estate market in the future. Overall, Malaysia has significant investment potential and attracts the attention of both local and foreign investors.

Top regions for investment in Malaysia

Penang

One of the key centers for investors is Penang Island, which offers a variety of housing and investment opportunities. Its strategic location and dynamic development make it competitive. The historic center of George Town is part of the UNESCO World Heritage, with a unique atmosphere.

Kuala Lumpur

Malaysia's capital city, Kuala Lumpur or KL, attracts investors with its financial and commercial potential. Real estate here is popular with foreign buyers, and rental yields is around 4%. Housing prices vary depending on location, it can be both affordable, or premium.

Johor Bahru

The city in southern Malaysia, bordering Singapore, is also of interest for investment. Its location provides a strategic advantage, making it attractive to investors.

The diversity of cultures and housing in Malaysia

Malaysia impresses with its diverse cultural influences – Indian, Chinese, Thai, British, Malaysian, and Indonesian.

Historical features of the Blue Palace

Wealthy travelers have the opportunity to spend the night in the famous Blue Palace, which was originally built by the wealthy merchant Cheong Fat Tzi according to feng shui principles. This place preserves historical furniture, ancient household items, fittings, and accessories, creating a unique atmosphere. Despite the palace's emergence in the 19th century, its roots go back thousands of years.

Trip to Penang

Youngsters and travelers saving money while touring Penang admire the cozy streets, view the rich architecture, capture unusual graffiti and spend time in comfortable cafes. Various attractions such as rustic buildings on stilts, historic temples, and interesting shopping destinations attract visitors to Penang. shopping, attract visitors from all corners of the world. Owning a property here is not only luxury, but also a worthwhile investment.

Attractive investments

Penang often receives prestigious awards from various organizations, recognizing it as one of the best places to live, visit, and invest. Today, exciting residential complexes are emerging on the island, attracting investors looking to purchase promising properties. For example, in the northeast of Penang, there is a unique residential complex called 18 East at Andaman, which spans a vast area with a variety of amenities.

Residential complex 18 East at Andaman

This complex features 210 residential units: apartments with one, two, and three bedrooms, as well as penthouses of various sizes. Prices start at $4,000 per square meter, making them relatively affordable compared to other regions. Buyers are guaranteed an investment return of 4% per year.

Investing in residential real estate in Penang

The historic part of Penang, especially Georgetown, offers an opportunity for foreigners to to invest in apartment projects. Residential property prices in the city center are $1900 per per square meter, while outside the city the price can go as low as $1000.

Rental expenses in Penang

In Georgetown, you can rent a three-bedroom apartment for $500; however, the cost of premium housing and rentals in the most investment-attractive projects will be higher, reflecting their high quality and investment potential.

Real estate in Johor Bahru: A unique perspective

A magnificent apartment with three spacious bedrooms and stunning sea views, occupying an area of 180 square meters, is offered in the mid price range of about $460,000. area of 180 square meters, are offered in the average price range of about $460,000. If your choice leaning towards a more economical housing option, for $170,000 you can become the owner of a cozy apartment of 80 square meters in a small residential complex. 80 square meters in a small residential complex.

The attractive two-story house in a traditional style with modern interior solutions and four cozy bedrooms is of interest. The first floor of this house features a shop, and its price is $420,000.

The city and its features

Johor Bahru, the capital of the state of Johor in Malaysia, is located 368 kilometers or about five hours' drive from Kuala Lumpur. However, thanks to the North-South Expressway toll road, this distance is reduced to 220 kilometers and three hours of travel. The city is popular among tourists due to its international hotels, modern shopping and entertainment centers, and it also serves as an important trade hub in Malaysia.

Local residents of Singapore often choose Johor Bahru for a getaway due to its proximity and affordable prices, which are influenced by the difference in exchange rates. This city is simply referred to as "JB." Additionally, it serves as a starting point for visiting the popular Malaysian resort on the east coast - Desaru.

Development and prospects

Currently, Johor Bahru is actively developing, offering both low-rise houses and townhouses, as well as modern condominiums. The development of the region is overseen by the federal organization Iskandar Malaysia, formerly known as IRDA. It is involved not only in construction but also in planning, development, and management of urban infrastructure, creating entire neighborhoods with shops, schools, sports facilities, and cultural centers. In the near future, four modern districts will emerge here under the auspices of IRDA's subsidiary Medini: The Park, The Compass, The Pulse, and The Crescent.

Real estate market

The price of a two-story townhouse in Johor Bahru with four bedrooms and high-quality finishes typically ranges from $135,000 to $200,000. For $127,000, you can purchase an apartment in a condominium with a swimming pool, private security, and developed infrastructure, covering an area of 92 square meters and featuring two cozy bedrooms. The rental cost for such an apartment is about $385 per month.

In Malaysia, there are transparent and well-regulated land laws and residential property administration, which ensure transparency and accessibility in the process of buying or renting real estate for foreigners.

In Malaysia: the right to acquire property

Foreigners in Malaysia have the right to purchase an unlimited amount of real estate of any type, with some exceptions. For example, the purchase of property valued at less than 1 million Malaysian ringgit ($255,800) is prohibited, as well as agricultural land if the purchase is for commercial purposes, and property owned by indigenous tribes.

In the state of Penang, foreigners are allowed to purchase property worth more than 1 million Malaysian ringgit ($255,800) or land property worth more than 2 million Malaysian ringgit. Malaysian ringgit ($255,800) or land property worth more than 2 million Malaysian ringgit ($511,600). ($511 600).

Expenses when purchasing real estate in Malaysia

When purchasing property in Malaysia, foreigners should consider a number of expenses that average around 6% of the contract amount. These expenses include:

• utility payments;
• fire insurance;
• assessment tax;
• annual property tax.

Additionally, if a foreign owner rents out property, they must take into account the annual income tax, which is 26%.

Restrictions on real estate resale in Malaysia

In the state of Penang, there is a restriction on the resale of property within three years of purchase. purchase. If the owner attempts to sell the property within this period, he/she will have to pay an an approval fee of 2% of the contract price. This money will be paid to the state government after the property is registered to the new owner.

The Malaysia My Second Home (MM2H) program

To facilitate the process of purchasing real estate, foreigners can take advantage of the Malaysian government's program known as Malaysia My Second Home (MM2H). This program allows foreigners to reside in the country on a multiple-entry visa valid for 10 years, with the possibility of extension.

To become a participant in the MM 2H program, it is necessary to provide proof of liquid assets of at least 500,000 Malaysian Ringgit and offshore income of at least 10,000 Malaysian Ringgit per month (for applicants over 50 years old - 350,000 Malaysian Ringgit and offshore income of at least 10,000 Malaysian Ringgit per month). Additionally, a fixed deposit of 300,000 Malaysian Ringgit is required.

Participants of the MM 2H program can withdraw up to 150,000 Malaysian ringgit after a year for approved expenses, such as purchasing property, children's education, and medical expenses in Malaysia. The MM 2H program opens new opportunities for foreigners who wish to become property owners in Malaysia and enjoy its beautiful natural landscapes and cultural heritage, while also having legal protection and guarantees from the government.

Malaysia is an amazing country with a rich culture

Malaysia is an amazing country where many cultures and traditions coexist, reflected in its life and architecture. The blend of authenticity with modernity makes it an attractive destination for travel and investment.

The gastronomy of Malaysia is a fusion of the best cuisines in the world.

The rich history and trading roots have given rise to a diverse culinary culture in Malaysia, combining the best elements of Indian, Thai, Indonesian, and Chinese cuisines. Only fresh ingredients are used in cooking, and the magical combinations of spices yield amazing results.

Tourism and hospitality

Developed tourism and harmony between different ethnic groups emphasize its diversity and hospitality. Malaysia is one of the most popular tourist destinations in Southeast Asia, maintaining its authenticity and high level of service.

Economic stability and attractiveness for investment

The economic stability of the country, a high standard of living, modern educational opportunities, and stunning natural attractions make Malaysia a place worth visiting and where one can find their place as a tourist or investor. In a sincere unity of cultures and traditions, Malaysia continues to be a unique point on the map of Southeast Asia.