28 Mar '17, 7am

China overtakes Singapore as Malaysia's largest property investor

China overtakes Singapore as Malaysia's largest property investor

China has become Malaysia's largest real estate investor. [Photo: news.517best.com] In the past three years, Chinese companies have invested over USD 2.1 billion in real estate in Malaysia, making China Malaysia's largest property investor. Singapore fell to second with investment of USD 985 million. As Financial Times reported, Chinese investors have been impelled by the soaring price of domestic real estate to seek opportunities abroad. They hope to seek cheaper alternatives than Australia and Hong Kong for property investment. Malaysia has become a popular destination for this type of investment. Given Malaysia's clean air, low-cost living and close proximity to Singapore, large numbers of Chinese people have settled down there. In accordance with the policy "Malaysia My Second Home," as many as 8,000 Chinese people have been approved for Permanent Residence, according ...

Full article: http://chinaplus.cri.cn/news/business/12/20170328/2176.html

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