Investing In Luxury Properties

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The prospective market for luxury real estate is now a larger market, all thanks to the growing total global wealth. Luxury properties have been emerging one after another in Malaysia, especially so in Iskandar Malaysia region. So what makes luxury property a good investment?

  1. Distinctive Living Experience

The drawing aspect of luxury properties has to be the bespoke qualities that are superior, exclusive and unique. This extraordinary luxury lifestyle will grant you the opportunity to live your life at its finest.

  1. Long-term Value

With intensely desirable amenities and services such as absolute privacy and security, efficient traffic system, unhindered views, spacious living spaces, landscaped gardens and custom home designs, these luxury properties do not depreciate easily. A higher selling rate can also be obtained and hence make them worthwhile investments.

  1. High Rental Yields

Supplementary income can be earned from this luxury real estate investment through renting out the premise. People today want the best of both worlds, not having to pay off mortgage, yet still be able to enjoy the extravagance and lavishness that luxury properties offer.

Iskandar confident of RM30bil target for new investments

 

 

 

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Based on its achievement since its launch nine years ago, economic growth corridor Iskandar Malaysia is confident of achieving the RM30bil target set for new investments this year.

According to Iskandar Regional Development Authority (Irda) chief executive officer Datuk Ismail Ibrahim, it had already received RM3bil in new investments in the first quarter of the year. Irda is the regulatory authority mandated to plan, promote and facilitate the development of Iskandar Malaysia.

Ismail said the RM3bil new investments came from the manufacturing, services and property sectors and an official announcement on the breakdown of the investments would be made by the end of the month.

“The party is not over yet. The background music is still on and all stakeholders have to work even harder for Iskandar Malaysia to stay attractive and relevant,” Ismail said at a press conference yesterday.

He said this after giving a closed-door briefing on Iskandar Malaysia’s development and progress to Penang Yang di-Pertua Negeri Tun Abdul Rahman Abbas during his visit to Kota Iskandar.

Ismail stressed that it was not easy to attract strong interest from domestic and foreign investors to Iskandar Malaysia.

He added that Irda and other stakeholders would not rest on their laurels as Iskandar Malaysia is facing competition not only from other economic growth corridors in the country but also from other countries in the region.

The other corridors are the Northern Corridor Economic Region, the East Coast Economic Region, the Sabah Development Corridor and the Sarawak Corridor of Renewable Energy.

“Although we have surpassed the investment target since our launch, more effort is needed to continue attracting investments to Iskandar Malaysia,” added Ismail.

Malaysia is third best place to retire

Malaysia has been voted as the world’s third best place to retire based on International Living’s Annual Global Retirement Index for 2014.

Malaysia came in behind Ecuador, Mexico and Panama, but ahead of all retirement destinations in Asia. Other Asian nations included in the index, although way behind Malaysia, were Thailand, the Philippines and Vietnam.

Under the caption “Malaysia – Great Value for Money in a Cultural Melting Pot”, the index noted that more and more expats see the amazing opportunities offered by Malaysia each year.

“The country has one of the most robust economies in Asia, and this is reflected in the consistently high standard of living available to locals and expats alike. It’s just one of many factors that led to it being ranked the highest Asian nation in this year’s index,” it said.

Quality of life within the country is considered to be excellent and cost-efficient. Malaysia also makes a “perfect base from which you can explore the innumerable natural, historical, and cultural treasures that Southeast Asia has to offer. The proliferation of cheap Asian airlines in recent years has made it easier (and more affordable) than ever to explore Thailand, Indonesia, India, and Japan. In Malaysia, Asia is truly at your doorstep”.

International Living cites the example of Thomas O’Neal, a New Yorker who lives in Penang.

“I rent a 1,600-square-foot apartment with an amazing pool, just five minutes’ walk from the ritzy Gurney Plaza shopping mall,” O’Neal is quoted as saying.

“It costs me just US$850 (RM3,000) a month. I don’t need a car, either, so I’m saving money left, right, and centre. I love the weather – 82 degrees Fahrenheit on average – and the ease of getting to Thailand, Cambodia, Vietnam, and Laos. When you combine that with a cost of living of US$1,500 (RM5,295) per month, including my rent, it’s almost unbeatable.”

Nonetheless, International Living tells potential retirees that “ultimately no list or formula can automatically deliver the best destination for you. Only you can decide that.”

“Only you can assess your personal preferences, needs, budget and desires, and look at the options available to see which nation best suits your needs”.

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