{"id":29327,"date":"2016-10-10T11:20:05","date_gmt":"2016-10-10T04:20:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-interest-in-malaysian-property-increased-five-fold-this-year\/"},"modified":"2016-10-10T11:31:56","modified_gmt":"2016-10-10T04:31:56","slug":"chinese-interest-in-malaysian-property-increased-five-fold-this-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-interest-in-malaysian-property-increased-five-fold-this-year\/","title":{"rendered":"Chinese interest in Malaysian property increased five-fold this year"},"content":{"rendered":"


\nBut why now?
\nView of Penang from The Kek Lok Si Temple. Puripat Lertpunyaroj\/Shutterstock
\nChinese buyer enquiries for properties in Malaysia soared 550 percent in the year to August 2016, with\u00a0views of properties listed online flew 52.7 percent\u00a0Juwai.com reported.
\n\u201cFor Chinese buyers, Malaysia is a nearby, easily accessible country with an appealing and very affordable housing market,\u201d Charles Pittar, Chief Executive Officer of Juwai.com, explained to OPP.Today. \u201cMoney invested there is perceived to be at greater risk than it would be in a larger economy like the US or Australia. Malaysia tends to attract buyers pursuing investment or lifestyle strategies, who have other family or commercial ties to the country or who simply cannot afford to purchase in a market like the US or Australia. Unlike, say the UK, Malaysia does not attract many buyers motivated by education.\u201d
\nReal estate players in Malaysia are well aware of such interest and making a concerted effort to attract Chinese buyers. \u201cThey are locating and designing projects to appeal to Chinese as well as locals, and they are marketing them in China,\u201d Pittar reported.
\nMore: 10 reasons why you should invest in Iskandar Malaysia
\nWhile speculation motivates the Chinese to buy property in Malaysia, the reverse is true in neighbouring Singapore, Juwai.com data showed. Investment drove 54 percent of Chinese buyers to acquire Malaysian properties, while education drove 59 percent to snap up Singaporean properties. Only 15 percent of Chinese buyers in Malaysia are driven by education, while 23 percent of buyers in Singapore are driven by investment.
\nIn Malaysia, the Chinese are also shifting serious cash, with the average value of property searches hovering at USD224,000. \u201cChina was the biggest source of inward investment to Malaysia last year across the board, not just in property,\u201d Pittar said. \u201cSome of the investment in industry and development has positive spill-over effects for residential property.\u201d
\nEven so, Chinese buyers make up only a significant minority in the Malaysian marketplace. Malaysia ranks only 11th worlwide on Juwai.com for Chinese buyer interest.
\nRead next: Inside Malaysia\u2019s efforts to weather a lethargic property market
\n
\nSource : property-report.com
\nRead more…Chinese interest in Malaysian property increased five-fold this year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

But why now? View of Penang from The Kek Lok Si Temple. Puripat Lertpunyaroj\/Shutterstock Chinese...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-29327","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7D1","jetpack-related-posts":[{"id":52093,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warren-buffett-hooks-up-with-property-portal-juwai-com-to-spur-chinese-buying-of-us-properties\/","url_meta":{"origin":29327,"position":0},"title":"Warren Buffett hooks up with property portal Juwai.com to spur Chinese buying of US properties","date":"April 17, 2017","format":false,"excerpt":"\r Berkshire Hathaway HomeServices on Monday said it entered into a marketing agreement with Juwai.com, China \u2018s largest international property website, to attract wealthy Chinese buyers looking to purchase homes in the United States. 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the biggest portal for people from China searching here for properties.Gavin Norris, head of Australia...\r \r Source : nzherald.co.nz\/Property\r Read more...Chinese house buyers inquiries up 50pc","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propspace-deal-opens-chinese-market-for-uae-property-agents\/","url_meta":{"origin":29327,"position":3},"title":"Propspace deal opens Chinese market for UAE property agents","date":"April 11, 2016","format":false,"excerpt":"\r \r Dubai's JRD Group has signed a deal with China's Juwai.com that will allow Dubai-based agents and developers to more easily sell properties to Chinese investors.JRD Group, which is behind the Justproperty.com portal, said that brokers who use its Propspace CRM system can now easily list its properties on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-buyers-to-continue-favouring-asia-pacific-property-for-its-proximity-low-entry-prices-and-good-yields-analysts-say\/","url_meta":{"origin":29327,"position":4},"title":"Chinese buyers to continue favouring Asia-Pacific property for its proximity, low entry prices and good yields, analysts say","date":"January 16, 2020","format":false,"excerpt":"\r Asia-Pacific will remain the favoured investment destination among Chinese property buyers in 2020, after they shifted their attention to the region last year, analysts said.Inquiries for Asia-Pacific residential properties last year made up 57 per cent of the total queries tracked by Juwai.com, a property portal, a fivefold surge\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52087,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buffetts-berkshire-chinese-property-portal-juwai-com-team-up\/","url_meta":{"origin":29327,"position":5},"title":"Buffett's Berkshire, Chinese property portal Juwai.com team up","date":"April 17, 2017","format":false,"excerpt":"\r Berkshire Hathaway HomeServices entered a marketing agreement with Juwai.com, to attract wealthy Chinese buyers looking to purchase homes in the U.S.\r \r Source : cnbc.com\r Read more...Buffett's Berkshire, Chinese property portal Juwai.com team up","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/29327"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=29327"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/29327\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=29327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=29327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=29327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}