Chinese buyers are expressing huge interest in Malaysian properties – with figures on Chinese portal Juwai.com up by a staggering 550% in the year to August 2016 .
Malaysian online property listing views are also on the rise with figures on Juwai up by 52.7% for the same time period.
Charles Pittar, Chief Executive Officer of Juwai.com, said:
“China was the biggest source of inward investment to Malaysia last year across the board, not just in property. Some of the investment in industry and development has positive spill-over effects for residential property.
“On top of the economic ties drawing the two companies closer together, Malaysia’s property sector is making a concerted effort to attract Chinese buyers. They are locating and designing projects to appeal to Chinese as well as locals, and they are marketing them in China. Despite the fast growth, Chinese buyers are still only a significant minority in the marketplace.”