Overseas Property FB Live

Co-organized by The Standard and Sing Tao The Standard Overseas Property Online, the Overseas Property FB Live gathers insights from industry professionals and introduces outstanding property projects from top markets around the world.

Seasoned property investor Patrick Kan was first acquainted with Dr. Theresa Fok, Managing Director of Jade Land Properties (HK) Limited, when he heard about the company’s Malaysia property investment offerings and the Malaysia My Second Home (MM2H) program from their weekly radio programmes. He, subsequently, proceeded to visit their exhibition and to invest in the emerging market.

“Malaysia real estate is a good option for investors looking to diversify their portfolios. The prices are highly affordable compared to the Hong Kong market,” said Kan, who is also the CEO of a large corporation that invests in international real estate.

One of the developments Kan purchased is YOO8 Serviced by Kempinski at 8 Conlay, a branded residence situated in the heart of KLCC (Kuala Lumpur City Centre), the capital city’s most sought after neighborhood.

Kan underscored the privileged locale of the property. “YOO8 is right opposite Pavilion Kuala Lumpur, Malaysia’s iconic shopping landmark, and the new Conlay MRT Station found on the same street only steps away. When viewing the show flat, I immediately fell in love with the interior design and state-of-the-art facilities, especially its water lounge overlooking a spectacular panoramic view of the city’s skyline.”

Freda Wong, an experienced investor who owns properties in Canada and Australia, carried out in-depth research on the Malaysia market before, and she pointed to its stable capital appreciation potential.

Both Wong and Kan are frequent participants of the custom overseas site visit tours organised by Jade Land Properties. Aimed to help clients grasp the cultural nuances and lifestyle choices they can expect in their new homes in Malaysia, the tour usually lasts for three days and two nights, during which prospective buyers not only get to visit the property’s actual location, but also to assess the district’s amenities in which the development is located.

“The tour is packed with activities, everything is thoughtfully planned and we, as the clients, do not need to worry about a thing. It really allows us to experience the buzzing KLCC area firsthand,” said Wong.

Dr. Fok added that meetings with attorneys and banks are arranged for buyers in discussing matters that concern them. Of course, the tours are definitely enjoyable and participants can prepare to embark on a gastronomic journey across the city, indulging in everything from fusion to Asian cuisine.

Kan applauded Kuala Lumpur as an excellent place to live in, given the established infrastructure and ease of communication for Cantonese speakers due to the city’s large Chinese population. “It’s a vibrant city much like Hong Kong with a wide range of culinary, shopping and activity options.”

Especially welcoming to overseas investors, the Malaysia My Second Home (MM2H) program is a 10-year renewable multiple-entry social visit visa allowing convenient entry and long-term stay for foreigners.

“I applied for the programme last year and the Immigration Department has just informed me that my application is successful. I can choose to live or to retire in Malaysia for a while and I can easily return to Hong Kong as I wish,” Kan said.