I just stayed in one near Bukit Bintang. The value of the 1 bedroom apt is about 1m MYR and I paid a bit under 200 MYR per night. The rental return as air bnb is only roughly about 6-7% assuming the occupancy rate is higher than 70%. Not a good investment. Negative gearing of course. If rent out for long term, the rental is about 3300 MYR per month which is about 3.3% gross rental income. Not an ideal investment. Even rents goes up a bit, still not good enough,
it depends a little on the exchange rate. you are saying 200k US$ that is at the moment of my writing RM 958300,- which is to low to buy property for a foreigner in Malaysia. Where most states in Malaysia have a minimum price for foreigners to buy property of RM 1 million there are places like Selangor where it is a minimum of RM 2 million. But beside the price you mentioned of 200k US$ for an apartment you could buy a pretty nice bungalow with a nice big garden for this price in Melaka But to each his own
The problem with Malaysia isnt the ideal real estate its that for foreign investment there are many hurdles. I mean if i want to invest somewhere i need to know the market is growing. If there are no grown foreign investment then it wouldn't grow that much so my return would be much less. I need to spend 1 million ringgit besides having to freeze some assets and have proof of some huge amount of cashflow monthly that's unheard of for Malays themselves. We are talking about a market that can bloom but it hasn't yet and won't if there are no leniency on the foreign policies
Hi Hami, yes, I fully agree, the regulations have a significant impact on the market and the prices, therefore also if it is an interesting investment or not.
There’s overhang in the Malaysian property market, meaning if you buy with the intention to flip in the next few years you’ll probably not make much profit. Most buyers buy either to live in or rent out to help pay for the mortgage.
As a European I would not invest in real estate at this time. The government is currently very hostile to foreigners. MM2h has become very unfriendly. Rules are changing on the fly. Buying only makes sense if you are assured of staying in Malaysia. And only KLcc is interesting for rental. You will definitely lose money if you sell it. There is a lot of supply because there is an abundance of construction. As a private individual, do not purchase at this time.
MM2H has been a rocky ride over the last years. Check the Sarawak version if you are interested in that scheme, it might be more attractive. If you want to move to Malaysia permanently, there are also other visa types that could suit your need.
As a Malaysian, please don't buy our property because it will inflate the price. Property in Malaysia is cheap however unaffordable for most Malaysian due to weak currency. Please do not buy Malaysia property. Thank you
Hostile ,Sorry, Europeans are hostile. Goverment are not interested in attracting retirees. Just like UK, foreigners exited EU... so that domestic locals get jobs first...whether you believe it or not another thing. Think whether your mindset/ values is a "fit" on a human level( not shopping malls, technology, excgange eate, language requirements)... no values... We are not a banana republic who are looking up to European std... cos its not all nice...
Malaysia property are no longer a great investment . Too many malaysians are purchasing it on loan for long term rental . The monthly rental will not even cover the interest expense from the mortgage. This does not even include the management fee, operating expense and agent fee. The only feasible idea is to invest in walking distance condos in KL and do airbnb . The plus side is that interest rate has not risen but that would weakened our currency which it has
I make way more money with my own faceless TH-cam channels than this with far less investment up front (almost nothing). If moving to Malaysia I think its better to rent out a condo in KLCC or get a house in Damansara. Investing in such an overbuilt market seems like a bad idea for a foreigner but its awesome for living in.
Aloha, I’m investor. I saw your calculation you making whole years. A 10,000 ringgit is a $2000. This is not investment with this stress with all the headache you’re getting does not investment. I am investing a lot of country but I’m getting 100% not profit either way, I never invest why we waste my time for $200 a month. This is not the way you can invest your money and you getting 200 that don’t make any sense doesn’t matter you can buy cash. Hundred thousand dollar is not money but with $100,000 you can buy a property in United States is very easily you pay cash for it you getting $700 a month do the calculation with the property tax is a $1000 a year last month that I just do like easy way as around $50 a month for maintenance is 500 a year 600 a year and about hundred dollar a month per Insurance and trust all this profit. This is the way you supposed to make a business not the way you make a businessat least you making with 100,000 20,000 profit the month of year that makes sense either way don’t make a business.
Terrible investment. Huge oversupply and in some area, house prices actually goes down. If you are taking loan to buy a house for investment purpose, do not expect renting the condo will be enough to cover your monthly instalment. Some money will have to come out of your pocket too each & every month. Luxury condos is even less worthy to buy. I have seen many luxury condos depreciating in prices even in KL center based on my own analysis. When u keep on building more & more condos that nobody can afford to live non stop, this is the result you get. Having said that, it is probanly good for Malaysians. It makes renting condos more affordable. Cant complain 😅
*Welcome to Malaysia, Malaysian likes to lepak2 at mamak restaurant drink teh Tarik - you can joining me to or any Msian if you likes , is no problem for Malaysian 🇲🇾🤝👍❤️🩹👍🤝🇲🇾*
Excellent TH-cam video. Very informative!
Thank you very much!
If you are a foreigner, investing in a high-end property near Pavilion is your best bet for renting it out. Other places are not as worthwhile.
I just stayed in one near Bukit Bintang. The value of the 1 bedroom apt is about 1m MYR and I paid a bit under 200 MYR per night. The rental return as air bnb is only roughly about 6-7% assuming the occupancy rate is higher than 70%. Not a good investment. Negative gearing of course. If rent out for long term, the rental is about 3300 MYR per month which is about 3.3% gross rental income. Not an ideal investment. Even rents goes up a bit, still not good enough,
Thank you so much for this. You taught me things that I hadn't seen or heard elsewhere, and you taught them well!
Great video 🎉 thanks
Thanks for watching!
it depends a little on the exchange rate. you are saying 200k US$ that is at the moment of my writing RM 958300,- which is to low to buy property for a foreigner in Malaysia.
Where most states in Malaysia have a minimum price for foreigners to buy property of RM 1 million there are places like Selangor where it is a minimum of RM 2 million.
But beside the price you mentioned of 200k US$ for an apartment you could buy a pretty nice bungalow with a nice big garden for this price in Melaka
But to each his own
The problem with Malaysia isnt the ideal real estate its that for foreign investment there are many hurdles. I mean if i want to invest somewhere i need to know the market is growing. If there are no grown foreign investment then it wouldn't grow that much so my return would be much less. I need to spend 1 million ringgit besides having to freeze some assets and have proof of some huge amount of cashflow monthly that's unheard of for Malays themselves. We are talking about a market that can bloom but it hasn't yet and won't if there are no leniency on the foreign policies
Hi Hami, yes, I fully agree, the regulations have a significant impact on the market and the prices, therefore also if it is an interesting investment or not.
There’s overhang in the Malaysian property market, meaning if you buy with the intention to flip in the next few years you’ll probably not make much profit. Most buyers buy either to live in or rent out to help pay for the mortgage.
You are right. Appreciated of not buying. Please support more affordable home for Malaysian
Großartig. Danke für das Video. Steht bei mir auch vielleicht bald an. Thx.
Dankeschoen und viel Erfolg!
Nice video! Will be interesting to follow you journey in KL!
Thanks, Matthias! Will keep you posted ;-)
Great video love from the UK
Thanks for watching!
Hello! Im a friend of Mattias, living in Singapore. Very interesting topic and very clear explanation. Thank you~
Hi Silvie, great to have you on board, welcome to the channel!
As a European I would not invest in real estate at this time. The government is currently very hostile to foreigners. MM2h has become very unfriendly. Rules are changing on the fly. Buying only makes sense if you are assured of staying in Malaysia. And only KLcc is interesting for rental. You will definitely lose money if you sell it. There is a lot of supply because there is an abundance of construction. As a private individual, do not purchase at this time.
MM2H has been a rocky ride over the last years. Check the Sarawak version if you are interested in that scheme, it might be more attractive. If you want to move to Malaysia permanently, there are also other visa types that could suit your need.
As a Malaysian, please don't buy our property because it will inflate the price. Property in Malaysia is cheap however unaffordable for most Malaysian due to weak currency. Please do not buy Malaysia property. Thank you
Hostile ,Sorry, Europeans are hostile.
Goverment are not interested in attracting retirees.
Just like UK, foreigners exited EU... so that domestic locals get jobs first...whether you believe it or not another thing.
Think whether your mindset/ values is a "fit" on a human level( not shopping malls, technology, excgange eate, language requirements)... no values...
We are not a banana republic who are looking up to European std... cos its not all nice...
Malaysia property are no longer a great investment . Too many malaysians are purchasing it on loan for long term rental . The monthly rental will not even cover the interest expense from the mortgage. This does not even include the management fee, operating expense and agent fee. The only feasible idea is to invest in walking distance condos in KL and do airbnb . The plus side is that interest rate has not risen but that would weakened our currency which it has
I make way more money with my own faceless TH-cam channels than this with far less investment up front (almost nothing). If moving to Malaysia I think its better to rent out a condo in KLCC or get a house in Damansara. Investing in such an overbuilt market seems like a bad idea for a foreigner but its awesome for living in.
No resell market!!! Over supply!!!
Aloha, I’m investor. I saw your calculation you making whole years. A 10,000 ringgit is a $2000. This is not investment with this stress with all the headache you’re getting does not investment. I am investing a lot of country but I’m getting 100% not profit either way, I never invest why we waste my time for $200 a month. This is not the way you can invest your money and you getting 200 that don’t make any sense doesn’t matter you can buy cash. Hundred thousand dollar is not money but with $100,000 you can buy a property in United States is very easily you pay cash for it you getting $700 a month do the calculation with the property tax is a $1000 a year last month that I just do like easy way as around $50 a month for maintenance is 500 a year 600 a year and about hundred dollar a month per Insurance and trust all this profit. This is the way you supposed to make a business not the way you make a businessat least you making with 100,000 20,000 profit the month of year that makes sense either way don’t make a business.
Don't buy, don't invest. Please keep your money.
Thanks, but why?
Terrible investment. Huge oversupply and in some area, house prices actually goes down. If you are taking loan to buy a house for investment purpose, do not expect renting the condo will be enough to cover your monthly instalment. Some money will have to come out of your pocket too each & every month. Luxury condos is even less worthy to buy. I have seen many luxury condos depreciating in prices even in KL center based on my own analysis. When u keep on building more & more condos that nobody can afford to live non stop, this is the result you get. Having said that, it is probanly good for Malaysians. It makes renting condos more affordable. Cant complain 😅
Malaysia is family destination.
Welcome home ;-)
*Welcome to Malaysia, Malaysian likes to lepak2 at mamak restaurant drink teh Tarik - you can joining me to or any Msian if you likes , is no problem for Malaysian 🇲🇾🤝👍❤️🩹👍🤝🇲🇾*
Thank you, I will reach out to you next time I come to KL. Looking forward to it!