Malaysia offer 30 Days Visa-Free for China: Good Investment Opportunity

Malaysian Prime Minister Datuk Sri Anwar announced that starting December 1, 2023, tourists from China and India can enjoy a visa-free entry of 30 days when visiting Malaysia.

According to a report from Tourism Malaysia in June 2023, China and India were among the top five countries frequently visited by tourists to Malaysia. 

Source: Tourism Malaysia

Chinese tourists secured the 4th place, with Indian tourists following closely in 5th place.

This visa-free entry is expected to increase the number of tourists from China and India, fostering growth in Malaysia's tourism sector.

Earlier, Malaysia had allowed a 30-day visa waiver policy for various countries, including:

• Saudi Arabia   
• Turkey   
• Kuwait   
• Oman   
• Iran   
• Jordan   
• United Arab Emirates   
• Qatar   
• Bahrain   
• Iraq 

The 30-day visa-free initiative is set to create favorable conditions for Malaysia's development, benefiting the tourism industry and various sectors, notably real estate.

Why Invest in Malaysian Real Estate? 

This 30-day visa-free period is the perfect time to start a real estate investment in Malaysia.

Recent data from property technology company Juwai IQI shows that Malaysia is ranked 6th as one of the top 10 most popular countries for home purchases in the eyes of Chinese investors. 

This highlights the substantial advantages of real estate investment in Malaysia.

Moreover, the Malaysian government has previously eased the eligibility criteria for the Malaysia My Second Home (MM2H) programme, simplifying the process for foreigners to acquire real estate there.

Benefits of Investing in Malaysian Real Estate: 

1. No restriction on the amount of real estate to be purchased and owned  
2. Can buy and hold land  
3. Possibility to buy freehold real estate  
4. Lower property prices 

Potential Investment Locations in Malaysia 

Klang Valley area has become a primary focus for many investors, given its status as the busiest and most densely populated region.

Investors should also keep an eye on other states, each offering promising investment opportunities. These may include:

1. Johor

Proximity to Singapore, with some employees working in Singapore commuting across the border, leading to continuous housing demand. 

2. Penang

One of the most industrialized and economically developed states, capable of attracting significant foreign direct investment (FDI). 

3. Melaka

Renowned tourist destination suitable for providing homestay accommodations for local visitors. 

4. Perak

A major tourist destination for weekends and holidays, suitable for developing homestay businesses. 

The visa-free entry policy catalyzes tourism growth, drawing increased Chinese and Indian visitors.

This enhances the tourist experience and creates convenient opportunities for potential investors to undertake on-site inspections, revitalizing the industry.

The Juwai IQI professional real estate consulting team can provide comprehensive and expert investment advice, helping you expand your investment portfolio. Please consult with us now!