Kuala Lumpur, Malaysia’s capital. Investors from mainland China and Hong Kong are already the biggest foreign buyers of Malaysian homes. Photo: Reuters
Malaysia wants wealthy Hong Kong, mainland China investors to absorb US$8.9 billion residential property market oversupply
- Country lowers threshold for overseas buyers of residential property to 600,000 ringgit from 1 million ringgit
- Number of unsold properties surged to 54,078 units at the end of first quarter
Topic |
International Property
Kuala Lumpur, Malaysia’s capital. Investors from mainland China and Hong Kong are already the biggest foreign buyers of Malaysian homes. Photo: Reuters