Anyone bought in Malaysia

@Xiao Hui your facts are true but i think everyone just wants to make some gains or $$. With right connections and opportunities in malaysia (you can achieve more gains you could possibly achieve in australia) in terms investing locally not talking about working locally as that would be next to nothing. No different to investing in indonesia where the chinese population is less than 10% but certain areas in argiculture etc and for e.g. Bali is always growing.

 

I would consider JV investing but structure is important to start off with.

 

I would consider KL, and Penang ( more so as a holiday unit; not strictly with the sole intent to make $). It may be achievable with the entry prices in Penang. Also, i wouldnt mind paying more for 'robust' property management that accompany the higher quality establishments - its probably worth it knowing that you have a large and reputable entity with established policies/processes etc managing your property. After all, its not like you can easily jump on a plane and check it out at will- unless maybe you are from there or have people there.

 

Good post! I considered both Penang and KL but did not buy for reasons including those you made. Also had a look at JB - very scary how many apartments are being built. No way you would be able to rent all that is being built, let alone get a quality tenant who will pay rent and not trash the place.

 

@larrylarry if you are coming this way to Penang / KL drop me a line. Happy to go looking around

@Xiao Hui Great posts about the demographic and possible pitfalls

 

My father in law grew up in Penang so we might visit Penang (no, not for the laksa) There's open air night hawker centre or market that I will revisit. I want to eat rojak!

As for KL, nah...to concrete. I have friends there but nothing interesting there.

 

guess you will be practising hard in the hokkien dialect since everyone speaks that in penang if you're going to invest there. Yeah open hawker centre is "gurney drive"

 

Oh yes gurney drive!!! My hokkien is very basic. I need to polished my Cantonese when I travel there. I need to write down the names of relos of my wife prior... Too many of them.

 

I forgot to add "LA" to everything you say.
Outside Gurney drive are "Goodalls" and "Viva". Not too far from where I live.

 

I tried but overdid it to get the real impact. I toured the expatriate area in KL, lots of apartments.

 

Hmmm. Good thought. And maybe that's why all the Malaysians I see in Sydney are Chinese Malaysians...

 

Most Malaysian Chinese come due to Australia due to restricted at being accepted at local university And they tend to want to attend good universities hence the large populations in Melb and Sydney