An Overview of Malaysia
Malaysia is in fact truly Asia. A country of contrasts, Malaysia is the world’s leading example of genuine multiculturalism. Here, Christians, Buddhists, Sikhs and Muslims live side by side in the cities and villages and on the beautiful islands of this rich country.
Malaysia covers two major land masses - there is what’s known as West Malaysia, which borders Thailand to the North and Singapore to the South, and then there is Malaysian Borneo which is the huge land mass to the east, which is broken down into two main provinces, Sabah and Sarawak. All together, Malaysia is blessed with some 4675kms of tropical, palm fringed coastline.
The vibrant capital city of Kuala Lumpur can easily compete on the world stage with its high tech infrastructure and designer shopping malls, and yet Malaysia’s beaches and islands are some of the regions most unspoilt and naturally breathtaking.
Malaysia was colonized by the British until 1947, and so English is widely spoken and the constitution is based on English law. This has helped Malaysia become such a dynamic, agile country, which is now one of Asia’s top performers. It is a country rich in natural resources, with a young population of highly educated academics and workers and so is both politically and economically stable (average GDP growth rate the last three years was 6.15%).
Also worth noting for investors who just cannot resist smart deals:
- Capital Gains tax has been recently abolished.
- Foreigners can get 70% mortgages over 15 years
- 99 year renewable leases with no restrictions for foreign buyers
- Automatic residency for foreign property owners
Claire has travelled extensively in Malaysia for both business and pleasure and will be happy to answer any queries regarding property investments on the peninsula or Malaysian Borneo.
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