Penang is a scenic coastal city situated on the north-western part of Malaysia by the Malacca Strait. It is one of the most economically vital regions in Malaysia and is also the state with the highest GDP per capita. In this article, we explore why this tropical island has emerged as a top choice for Hong Kong people to invest or to secure a second home.
Company News Jade Land secures UK private equity firm’s bulk investment in Penang project Jade Land Properties has secured the bulk transaction of 20 units in the landmark smart city development, Muze at PICC (Penang International Commercial City) by UK private equity firm Shojin Property Partners. The transaction value amounts to MYR32.4 million (approx. USD […]
S-MM2H is currently the most desired method for relocation, due to its low financial entry requirements. S-MM2H visa holders offer non-Malaysians a 5-year renewable social visit visa, and the ability to reside anywhere in Malaysia (both East and West Malaysia).
Company News Five-time Consecutive Winner at the Asia Pacific Property Awards 2017-2021 Five-time Consecutive Winner at the Asia Pacific Property Awards 2017-2021 Jade Land Properties represents Hong Kong in taking home three Asia Pacific Property Awards, including “5-Star Best Real Estate Agency Marketing for Muze at PICC (Penang International Commercial City”, “5-Star Best Real Estate […]
As an aspiring landlord, you will have heard the terms rental yields and capital gain, but what do they really mean?
Bayan Lepas is an up-and-coming town located in the Southwest District of Penang Island. It is the largest town within the district comprising 62% of the Southwest District’s population. It is also where the Bayan Lepas Free Trade Zone, the Convention Centre, Penang International Airport and Penang Golf Club are located.
The Golden Triangle area of Kuala Lumpur City Centre (KLCC) is known as the central business district and the main shopping and entertainment district of the capital city of Kuala Lumpur, Malaysia. Three main roads, Jalan Imbi, Jalan Sultan Ismail and Jalan Raja Chulan, form the borders of the Golden Triangle.
Malaysia’s booming medical tourism Industry: world-class healthcare treatments at competitive prices
In 2019, Malaysia attracted 1.2 million medical tourists, with more than half seeking treatment in Penang.The medical tourism industry generated a revenue of MYR1.7 billion.
The top Malaysian states for medical tourism are Penang and Kuala Lumpur due to its accessibility by international airlines, reasonably priced hotel rooms and excellent public transportation system. These are the factors that allow medical tourists to easily stay in a hotel or hospital in the short term.
Building on the positive momentum of Malaysia’s successful national vaccination program, the country’s GDP growth is expected to accelerate to 6.2% in 2022 from 3.8% in 2021 -according to Standard Chartered Bank’s chief economist for the Association of Southeast Asian Nations and South Asia, Edward Lee. Given that the majority of Malaysia’s population is vaccinated, Lee advised that this would facilitate a sustainable and confident economic reopening. Out of Malaysia’s 32 million population, 78% of the population is fully vaccinated.
Malaysia’s real estate market, which was downcast last year due to the disruptive impact of covid-19, is expected to see moderate growth in 2022, in line with the expected recovery of the global economy. The Malaysia government has announced its shift from classifying the covid-19 situation as being an “endemic” instead of a “pandemic” and its plans on adopting sustainable long-term policies in dealing with the virus. This will result in more consistent regulations on economic activity and bring clarity for businesses operations, improving sentiments toward financial security and consumer confidence.