Kuala Lumpur, Malaysia’s capital. Investors from mainland China and Hong Kong are already the biggest foreign buyers of Malaysian homes. Photo: ReutersKuala Lumpur, Malaysia’s capital. Investors from mainland China and Hong Kong are already the biggest foreign buyers of Malaysian homes. Photo: Reuters
Kuala Lumpur, Malaysia’s capital. Investors from mainland China and Hong Kong are already the biggest foreign buyers of Malaysian homes. Photo: Reuters
Business

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
Cheryl Arcibal
Cheryl Arcibal

Updated: 12:18pm, 30 Oct, 2019

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Kuala Lumpur, Malaysia’s capital. Investors from mainland China and Hong Kong are already the biggest foreign buyers of Malaysian homes. Photo: ReutersKuala Lumpur, Malaysia’s capital. Investors from mainland China and Hong Kong are already the biggest foreign buyers of Malaysian homes. Photo: Reuters
Kuala Lumpur, Malaysia’s capital. Investors from mainland China and Hong Kong are already the biggest foreign buyers of Malaysian homes. Photo: Reuters
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