Welcome to Malaysia
Situated in the heart of South East Asia, Malaysia with its slogan "Malaysia, Truly Asia" reflects the very essence of Asia: the exotic blend of cultures - Malay, Chinese, Indian and the influences of the British, Dutch, Portuguese and Thais, can be found in just one destination. Geographically, Malaysia is as diverse as its culture. There are two parts to the country, 11 states in the peninsula of Malaysia and two states on the northern part of Borneo. Cool hideaways are found in the highlands that roll down to warm, sandy beaches and rich, humid mangroves. A tropical paradise of immense charm blessed with nice warm weather all year round, Malaysia is a veritable treasure trove of diverse cultures and hospitable people, exotic cuisine, fascinating festivals, world class sporting events, quaint villages and modern skylines. It is also located outside of the "ring of fire", which spares it from experiencing earthquakes and volcanic eruptions.
Real Estate in Malaysia
Following the economic crisis that overtook Asia in 1997, Malaysia recovered well, and now boasts a robust, reassuring and stable economy. With healthy foreign exchange reserves, low inflation, small external debt, unemployment below 4%, GDP over 5.5% for the past three years and consumer confidence sustained near 10%, Malaysia offers a promising investment market and one which has drawn a lot of attention in recent years.
Today however, Malaysia's real estate market is taking on new dimensions due to a major government initiative, the Ninth Plan, which calls for impressive new provisions for the country's infrastructure. The government has introduced major changes to rules on foreign ownership of property. For example, buyers from Britain and elsewhere no longer have to seek approval from the foreign investment committee and conditions regarding the number of properties under one portfolio have also been scrapped. In April 2007, the prime minister of Malaysia announced the government's decision to scrap capital gains tax on all property deals.
Another initiative, launched and promoted by the Government of Malaysia called Malaysia My Second Home Programme (MM2H), allows people from all over the world regardless of race, religion, gender or age to stay in Malaysia as long as possible on a social visit pass with a multiple entry visa.
About ERA in Malaysia
ERA Malaysia follows the footsteps of its other counterparts around the world to emphasize in professional training and hence raising the bar of professionalism to the real estate industry in Malaysia. In a market where the majority of real estate practitioners continue to operate with the traditional practices of the past, ERA Malaysia armed with comprehensive training programs and many innovative products and services are committed to give customers the highest level of service possible in the industry.
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