Villa for Sale – Malaysia

Overview:

Malaysia boasts one of south-east Asia’s most vibrant economies, the fruit of decades of industrial growth and political stability. Malaysia is a multi-ethnic, multi-religious federation of 13 states and three federal territories. The country is benefiting from a growth in manufacturing, and is a major tourist destination

Facts:

Capital: Kuala Lumpur

• Population: 31 million (UN, 2012)
• Area: 329,847 sq km (127,355 sq miles)
• Major languages: Malay (official), English, Chinese dialects, Tamil, Telugu, Malayalam
• Major religions: Islam, Buddhism, Taoism, Hinduism, Christianity, Sikhism
• Life expectancy: 73 years (men), 78 years (women)
• Currency: Ringgit

RESIDENTIAL PROPERTY FACTS

Price (sq.m): $3,441

Rental Yield: 3.72%

Rent/month: $1,281

Income Tax: 22.40%

Roundtrip Cost: 5.18%

Cap Gains Tax: 5.00%

Landlord and Tenant Law: Pro-Tenant

Where to Buy:

1. Johor
2. Kedah
3. Penang
4. Selangor
5. Kuala Lampur
6. Sarawak

Price History:

House prices in Malaysia have slowed.  In Q3 2016, Malaysia’s national house price index rose by 5.36% y-o-y (3.81% inflation-adjusted), slightly lower than the 7.35% y-o-y (4.61% inflation-adjusted) price increase during the same period last year. This was the lowest increase since Q3 2009, based on figures from the  Valuation and Property Services Department (JPPH).

The national average house price was MYR 334,736 (US$ 75,390.82) in Q3 2016.

The state of Kedah had the highest annual price increase with an 8.8% increase (7.2% inflation-adjusted) during the year to end-Q3 2016. It was followed by Selangor (7.5%), Negeri Sembilan (6.8%), Johor (5.5%), Melaka (5.5%), and Kuala Lumpur (5.1%).

Other states saw moderate house price hikes including Pahang (4.2%), Sarawak(3.6%), Pulau Pinang (3.4%), Terengganu (3%), and Perak (2.5%). House prices in Perlis and Sabah remained unchanged from the previous year. On the other hand, house prices in the state of Kelantan slightly fell by 0.4% (-1.86% inflation-adjusted) during the year to Q3 2016.

The most expensive housing in Malaysia can be found in Kuala Lumpur, with house prices averaging around MYR 772,126 (US$ 173,902) in Q3 2016. Perlis, on the other hand, had the cheapest housing, with an average price of MYR 153,472 (US$ 34,566).

Real estate developers in Malaysia offer luxurious villa for sale in Malaysia

By property type:

• Terraced house average prices rose by 5.6% (4% inflation-adjusted) to MYR 299,012 (US$ 67,345) during the year to Q3 2016.
• High-rise residential properties‘ average price rose by 6.6% y-o-y (5.1% inflation-adjusted) to MYR 320,782 (US$ 72,248).
• Detached house average prices were up by 3.7% y-o-y (2.2% inflation-adjusted) to MYR 560,987 (US$ 126,348).
• Semi-detached house average prices increased by 5% y-o-y (3.5% inflation-adjusted) to MYR 500,943 (US$ 112,825).

Rental Yields:

Malaysia: gross rental yields have moderated

Condominium prices in Kuala Lumpur are reasonable at between US$1,800 to US$2,000 per square metre (sq. m.).

Gross rental yields have however fallen significantly:

• Condominiumsof 120 sq. m. have gross returns of 4.5%, but two years ago, our researchers found that rental yields averaged over 8% for this size.
• Bungalowshave really low gross rental yields at around 2.5%, and again, have fallen significantly.

Key House Price Facts: