{"id":4477,"date":"2019-11-20T12:08:56","date_gmt":"2019-11-20T05:08:56","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=4477"},"modified":"2021-06-04T14:45:22","modified_gmt":"2021-06-04T07:45:22","slug":"hong-kong-investors-could-purchase-10000-malaysian-homes-in-six-months","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/hong-kong-investors-could-purchase-10000-malaysian-homes-in-six-months\/","title":{"rendered":"Hong Kong investors could purchase around 10,000 homes in Malaysia over the next 6 months"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">According to a property consultant, they get discreet visits from Hongkongers every weekend, with each batch buying about 50 to 100 units<\/span><\/p>\n<figure id=\"attachment_4478\" aria-describedby=\"caption-attachment-4478\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-4478\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/shutterstock_695511112.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/shutterstock_695511112.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/shutterstock_695511112-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/11\/shutterstock_695511112-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-4478\" class=\"wp-caption-text\">Cityscape image of Kuala Lumpur, Malaysia during sunset. FarizunAmrodSaad\/Shutterstock<\/figcaption><\/figure>\n<p>Bruce Lee, a property consultant at VPC Realtors (JB) Sdn Bhd Asia-Pacific, predicted the total amount of Malaysian properties that Hongkongers will purchase over the next six months could accumulate to 10,000 if the political unrest continues, reported <a href=\"https:\/\/themalaysianreserve.com\/2019\/11\/19\/hk-buyers-could-snap-10000-local-homes-over-next-6-months\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Malaysian Reserve<\/a>.<\/p>\n<p>The now violent protests had led Hongkongers to consider investing in overseas properties since most of them believe the circumstances could worsen as Beijing takes control of the territory, which includes sending the military.<\/p>\n<p>\u201cHong Kong buyers have been coming in batches to buy the property in Malaysia. They come quietly every weekend and buy around 50 to 100 homes per batch. They have acquired more than 1,000 units in overall Malaysia to date,\u201d said Lee.<\/p>\n<p>From June to August, Hongkongers have already bought 500 properties in Malaysia, with each property costing about MYR1 million or USD240 thousand.<\/p>\n<p>If they do purchase the predicted 10,000 units, the total amount could reach MRY10 billion.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/malaysia-reduce-foreigner-property-purchase-threshold\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Malaysia looks at reducing foreigners\u2019 property purchase threshold<\/strong><\/a><\/p>\n<p>Lee explained that the growing investors from Hong Kong could help reduce the number of overhang units in the country, of at least 10 percent.<\/p>\n<p>Hongkongers see Malaysia as a more viable option compared to Singapore as it is home to 32 million Chinese and require cheaper property investment capital.<\/p>\n<p>Georg Chmiel, executive chairman of Juwai.com, ranked Malaysia as the fifth-most favoured country for Chinese property purchasing inquiries across the globe in the first half of 2019.<\/p>\n<p>\u201cChinese made 16.5% more inquiries on Malaysian property in the third quarter (3Q) than in the same quarter of 2018. Buying inquiries have declined from their peak in the 1Q, but remain above the average level of 2018,\u201d he added.<\/p>\n<p>He said that Malaysia appealed to investors who are looking for a high quality of life, modest standards of living, accessible educational facilities, and highly-rated medical institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a property consultant, they get discreet visits from Hongkongers every weekend, with each batch buying about 50 to 100 units<\/p>\n","protected":false},"author":9,"featured_media":20371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[112,171,125,115],"class_list":["post-4477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-foreign-investment","tag-hong-kong","tag-malaysia","tag-property-investment","news_country-malaysia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hong Kong investors could purchase around 10,000 homes in Malaysia over the next 6 months | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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