THE RISE OF A COSMOPOLIS Spanning...
Malaysia has always been a tourist and retirement destination. It is also known for its medical technology. Due to the large number of local Chinese, people can communicate in Cantonese, Mandarin and English, and it is easier to integrate into the local society. Malaysia’s rapid economic development in recent years, with the effect of the Belt and Road Initiative in the Association of Southeast Asian Nations, has enabled a large amount of Chinese funds to be placed in Malaysia, promoting local infrastructure and economic development, such as connecting the East Coast Railway, Malacca, Beijing, Kuala Lumpur and Singapore, High-speed rail line and Tun Razak International Trade Center (TRX).
In addition, Malaysia has introduced the Second Home Visa Program (MM2H), which allows applicants to obtain a 10-year visa to settle in Malaysia as long as they qualify, and can also bring a spouse, children under 21 and parents over 60 years old. The capital, Kuala Lumpur, is one of the most well-known locations in Malaysia and a city that has rapidly developed in Malaysia. In 2010, the Malaysian government announced that it will spend a total of 1,720 MYR to build the Greater Kuala Lumpur plan in 10 years, and to achieve 20 of the world's most liveable cities and economic growth of 6% per year by 2020. Kuala Lumpur's occupancy rate can exceed 80%, rental returns can be as high as 5-7%, and you can rent your unit on Airbnb and increase your income. At present, the Malaysian Ringgit is also in a state of low exchange rate, which is definitely a good time for overseas property investors to start.