Malaysia has emerged as the top three country in Asia for outbound cross-border property investment after Mainland China and Hong Kong, according to Juwai IQI Holdings’ Asia-Pacific Cross-Border Residential Property Buying Trends Report 1Q2024 that was issued on Tuesday.
The report said Malaysia’s ranking demonstrates the growing buying power of Malaysian consumers and their increasing interest in cross-border property investments. The top destinations Malaysian buyers have shown interest in are Thailand, Australia, Vietnam, Indonesia, Singapore, Spain, the UK, Greece, Japan and the US, in that order.
The report attributed several key factors that contribute to this interest among Malaysian buyers in buying overseas real estate, including economic growth and a rising middle class that have increased disposable income, enabling more individuals to invest internationally.
In a statement accompanying the report’s release, Juwai IQI Holdings CEO Kashif Ansari said that Malaysia is “a dynamic player in outbound investments. Our economic growth and rising middle class are fuelling significant interest in international real estate.
