The next time you’re thinking about investing in properties in Malaysia, don’t just sit there and surf the net and wonder about all the possibilities from the couch. Property developers are increasingly aware of the growing interest in Malaysian properties, especially those in Iskandar Malaysia, and are organizing regular trips to allow potential investors a more in-depth peek into the workings and actual environment of the properties just across the border.
Ascendent Assets, for example, offers weekend training courses which provides the participant with tips and tricks about investing in Malaysian properties. There is quite a lot of know as the rules and regulations change quickly and new updates are always available. And unlike investing in a property close to home, foreign property purchases have a bigger risk factor, which can be cut down by finding out all you can before putting your hard-earned money into the pot. One of the pluses about this course is the meeting of Iskandar Regional Development Authority officials and the ability to visit and inspect the actual sites. Getty Goh, Ascendent Assets’ Director advises investors against leaping into the deep end with the idea that the property market in Malaysia is as fertile as in Singapore.
Malaysian property developer, Mah Sing, holds similar weekend excursions and is experienced with buyers interested in their Medini-based development, The Meridin @ Medini. Most of them are drawn to the urban-style living which comes with the corresponding convenience of hotels, shops and hospitals nearby, but increasingly the development of EduCity which will feature international universities have also proven to be a strong pull factor.
Developers also provide an option for experienced investors who are familiar with foreign property purchases but may be shopping around for the best deals. Property clubs, usually run by real estate agents, allow a group of like-minded individuals to get together and explore different markets and network with relevant individuals in the Malaysian market.
So there is help out there if you are willing to look hard enough. And unlike before when it’s like stepping out into the dark, there is now many beacons to help guide you on your way.