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Version: CNWant to purchase or rent a house in Malaysia but confused about where to put your foot? Here's come the Juwai IQI expert! We are excited to announce that The global strategic advisor, Taco Heidinga, has released his latest Malaysia guide as the starry light to lead expats around the world to visit, live, and invest in Malaysia. Fill in your information and get the FREE E-book now![hubspot portal="5699703" id="e3036178-fac7-4c06-b04f-4b1be2e5c3ca" type="form"]Are you wondering if it's the right time to buy or rent in Malaysia's property market? The challenge is clear: property prices and rental costs are on the rise, leaving many uncertain about their next steps.Aggravating the situation, fluctuating economic conditions and legalities often cloud decision-making. But fear not—this article will guide you through the maze with actionable insights, empowering you to make informed decisions.Table of contents1. The Current State of the Malaysia Property Market2. Purchase Prices by Region3. Rental Trends Across Major Cities4. Factors Influencing Property Prices5. Pros and Cons: Renting vs. Buying6. Best Locations for Expats and Locals7. Predictions for the Next 5 Years8. Frequently Asked Questions (FAQs)1. The Current State of the Malaysia Property MarketMalaysia's property market in 2024 has shown resilience amidst global economic uncertainty. According to the National Property Information Centre (NAPIC), the first half of 2024 saw property transaction values soar to RM105.65 billion, an 8% increase in transaction volume compared to 2023. Residential properties continue to dominate, contributing 60% of total transactions, highlighting sustained demand in this sector.However, the nationwide housing price index experienced a minor decline, falling to 218.80 in Q2 2024 from 223.40 in Q1 2024.This marks the first quarterly drop since 2021, attributed to a cooling in speculative activities and cautious buyer sentiment.2. Purchase Prices by Regiona. Average Property Prices in Malaysia (2024)RegionAverage Price (RM)Notable Cities/TownsKuala Lumpur708,402KLCC, Mont Kiara, BangsarJohor656,648Johor Bahru, Iskandar PuteriSelangor535,390Petaling Jaya, Shah AlamPenang471,980George Town, Bayan LepasMalaysia Average471,918Melaka305,463Ayer Keroh, Batu BerendamSource: The Edge Malaysia, Data from Juwai IQI, Global Property GuideWhile Kuala Lumpur and Johor consistently lead with premium pricing, Melaka remains the most affordable state for property buyers.Interestingly, affordability stems from stringent housing policies for Melaka mandating that 50% of housing developments cater to affordable housing, as mentioned in The Sun.3. Rental Trends Across Major CitiesRental prices have steadily climbed across Malaysia, driven by urbanization and a high influx of expatriates in cities like Kuala Lumpur, Penang, and Johor Bahru.Rental Market Insights (2024)CityAverage Monthly Rent / 1 Room (RM)Average Rental Yield (%)Kuala Lumpur2,127 (1,400 - 3,500)4.26Johor Bahru1,780 (1,500 - 2,900)6.22Penang1,833 (1,000 - 3,000)5.74Source: Numbeo & Global Property GuideHigh-rise apartments, particularly in Kuala Lumpur's city center, are in demand, offering yields as high as 5.86%. Johor Bahru sees robust demand due to its proximity to Singapore, with rental yields peaking at 8.47% in select areas.4. Factors Influencing Property PricesEconomic StabilityMalaysia's GDP grew by 5.9% in Q2 2024, driven by increased domestic demand and exports.Economic recovery post-pandemic continues to bolster consumer confidence in property investment.Malaysia My Second Home (MM2H) ProgramThe MM2H program remains a critical driver for foreign property investments. Relaxed eligibility criteria introduced in 2024, such as the removal of the RM40,000 offshore income requirement, have made Malaysia more attractive to expatriates.Stamp Duty ExemptionsFirst-time homebuyers benefit from full stamp duty exemptions for properties under RM500,000, a government initiative aimed at improving housing affordability.5. Pros and Cons: Renting vs. BuyingRentingProsLower upfront costs (no down payment or legal fees).Flexibility for those relocating frequently.ConsLong-term financial inefficiency.Lack of asset ownership.BuyingProsBuilds long-term equity.Offers stability and potential for capital appreciation.ConsHigh upfront costs (deposit, legal fees, stamp duty).Risk of market fluctuations.Example: For a RM500,000 home, the upfront cost, including a 10% down payment and associated legal fees, can exceed RM70,000.6. Best Locations for Expats and LocalsKuala Lumpur City Center (KLCC): Ideal for professionals seeking proximity to workplaces and amenities.Penang (George Town): A UNESCO heritage site offering cultural charm and modern amenities.Johor Bahru: Preferred for its connectivity to Singapore and affordability.7. Predictions for the Next 5 YearsIndustry experts predict steady growth in Malaysia's property market, with average annual increases of 3.43%.Major infrastructure projects, such as Penang's Light Rail Transit system, are expected to drive regional property demand.8. Frequently Asked Questions (FAQs)1. What is the average price of a 3-bedroom condo in Kuala Lumpur?Approximately RM708,402, according to data from Juwai IQI.2. Is it a good time to invest in Malaysian property?Yes, with government incentives and a recovering market, 2024 offers favorable conditions.3. What are the hidden costs of buying property in Malaysia?Legal fees, stamp duty, and maintenance charges for strata properties.4. What is the rental yield for apartments in Penang?According to Global Property Guide, the average rental yield stands at 5.74%.5. How can foreigners buy property in Malaysia?Through programs like MM2H, foreigners can own property with a minimum purchase value of RM1 million.6. What are the best areas for expats to rent in Malaysia?KLCC, Mont Kiara, and Bangsar in Kuala Lumpur are popular choices.7. How does Malaysia compare to neighboring countries in terms of property affordability?Malaysia offers significantly lower property prices than Singapore and Hong Kong, making it a competitive market for investment.Malaysia’s property market in 2024 offers incredible opportunities for buyers, renters, and investors alike. With competitive prices, promising rental yields, and government initiatives like MM2H, now is the perfect time to make your move. Whether you’re seeking your dream home or a lucrative investment, the market’s steady growth and affordability make Malaysia a top choice. Don’t miss the chance to secure your future in one of Southeast Asia’s most dynamic real estate landscapes!Continue Reading:Why Malaysia is the Perfect Destination for Foreign Investors?How Many Visa Types Are There in Malaysia?6 Factors That Attracts Foreign Workers to MalaysiaReference, Citation, and Related InformationNew Straits TimesMalaysia's property market rebounds2. Trading EconomicsMalaysia House Price Index3. The Edge MalaysiaAverage new apartment price in Malaysia hits RM582,887, surpassed by KL and Johor — Juwai IQI4. The SunMelaka continues to offer lowest housing prices in Malaysia5. Global Property GuideMalaysia's Residential Property Market Analysis 20246. NumbeoCost of Living7. StatistaReal Estate - Malaysia

Version: CNWrapping up 2024 on a high note, global real estate agency IQI, and member of the proptech leader Juwai IQI, has officially launched IQI Montenegro!This strategic expansion into the beautiful Adriatic coastline allows IQI to connect international investors with local real estate know-how in one of Europe’s most promising markets.Montenegro, celebrated for its breathtaking landscapes, rich cultural heritage, and dynamic economy, is swiftly emerging as a prime destination for luxury tourism and foreign investment. It boasts four UNESCO World Heritage sites, a dedication to protecting its environment, low living costs, an easy residency process, as well as serving rapid growth in both its economy and home market. Juwai IQI Co-Founder and Group CEO, Kashif Ansari expressed his excitement saying, “Montenegro has attracted many buyers from Europe and Turkey. In the future, it is expected that buyers from Greater China, East Asia, India, and Southeast Asia will further enhance the country's appeal as a tourist destination.” With everything from ski resorts to super yacht marinas and an average of 240 sunny days a year, Montenegro is a rapidly growing hotspot for high-end tourism.” Kashif Ansari In 2023, the country attracted a remarkable 2.6 million tourists, highlighting its status as a top-tier locale. With a supportive pro-business government, an appealing 9% corporate tax rate, and equal opportunities for both local and international investors, Montenegro is not just a stunning retreat; it’s a bustling hub for global investment. Juwai IQI Co-Founder and Group Managing Director, Daniel Ho continues, “Montenegro’s real estate market is demonstrating remarkable growth, with inflation-adjusted residential prices rising by 16.6% year-on-year in Q2 2024. And we believe IQI Montenegro is well placed to benefit from future growth in Montenegro’s tourism and real estate sectors." This is a country that people love from their first visit. It has increasing appeal for global investors, second home buyers, and relocators.” Daniel Ho Rade Vukovic, CEO of Golden Group and Astra Real Estate Montenegro will now become IQI Montenegro’s new Country Manager. “Montenegro’s appeal extends beyond its stunning landscapes and historic cities. I am extremely proud of my country for its high quality of life and low cost of living," said Rade Vukovic. Overseas buyers will appreciate the ease to obtain residency. We have all the infrastructure that international buyers need, from a burgeoning international school sector to five-star developments, and excellent international transport links.” Rade VukovicAstra Real Estate has both local expertise and access to the kind of property and investment opportunities that will appeal to buyers from our 27-nation network of agents. The team has a proven track record developing sustainable projects and are currently working on a range of projects from single-family villas to a new eco ski resort and five-star resort hotel.As part of the IQI network, Rude Vukovic and his team will gain access to IQI’s cutting-edge technology, international agent super-app, Atlas, and an extensive network of 40,000 agents operating in more than 25 countries. IQI Montenegro's launch marks a significant step for IQI as it aims to expand its reach, enhance efficiency, and provide exceptional service to both local and international buyers.Excited about investing in Montenegro property? Get expert advice from our professional real estate negotiators, who can provide you with the best market insights![hubspot portal="5699703" id="2380afe3-ad4c-4cfa-9abf-d3947e377bf2" type="form"]Continue Reading: IQI Vietnam Enters Da Nang; Mark its Third Office in the CountryIQI Expands Its Global Footprint, Now in MaltaIQI Indonesia Welcomes Hengky Kurniawan To Sign MOU With PT Kerja Bersama Bahagia

Version: EN全球房地产公司IQI，作为房地产科技集团Juwai IQI的成员，宣布在亚得里亚海东岸国家——黑山共和国，开设IQI黑山新办事处！黑山一向以旅游业和外国投资而闻名，IQI 黑山的成立，体现了IQI将全球投资者与本地房地产专家连接至最具潜力市场的使命。Juwai IQI联合创始人兼集团首席执行官卡希夫·安萨里（Kashif Ansari）表示，黑山是一个拥有60万人口的国家，集自然美景、文化底蕴和经济潜力于一体。黑山拥有四个联合国教科文组织世界遗产地，较注重环境保护。生活成本低，移民手续简便，使经济和住房市场快速增长。对于外国投资者和追求高端生活方式的买家来说，是一个非常理想的目的地。卡希夫·安萨里（Kashif Ansari）“黑山主要受到来自欧洲和土耳其买家的青睐。我们相信把黑山介绍给来自大中华区、东亚、印度和东南亚的买家后，这国家将在这些市场中变得极具吸引力。”2023年，黑山的游客数量达到260万人次，创下年度新高。此外，该国的亲商政府政策、9%的企业税率，以及对国内外投资者的平等待遇，使黑山成为了区域商业中心和吸引全球投资的地点。外国投资者在2023年为黑山房地产市场贡献了4.63亿欧元。在推行渐进式房地产税后，2024年的房地产外资投资在首八个月下降了4%，但仍处于近年来的高位。Juwai IQI联合创始人兼集团董事总经理Daniel Ho补充道，黑山房地产市场表现出显著的增长势头，2024年第二季度住宅价格经通胀调整后同比上涨16.6%。我们很高兴与本地合作伙伴Rade Vukovic先生携手开设IQI黑山。他是可持续旅游与房地产项目发展的行业先锋。Daniel HoAstra Real Estate不仅具备深厚的本地专业知识，还掌握了适合我们27个国家中介网络买家需求的优质物业和投资机会。我们相信，IQI 黑山有能力从黑山旅游和房地产行业的未来增长中获益。Golden Group和Astra Real Estate Montenegro首席执行官、同时将出任IQI黑山新任经理的Rade Vukovic先生表示，海外买家非常认可该国的居留权申请的便利性以及完善的基础设施，包括快速发展的国际学校体系、高端的五星级开发项目，以及便捷的国际交通网络。我们团队在可持续项目开发方面经验丰富，目前正在推进多个项目，包括从单户别墅整修成新生态滑雪度假村以及五星级度假酒店。Rade Vukovic“作为IQI网络的一部分，我们将获得IQI尖端技术、国际代理超级应用Atlas，以及在超过25个国家运营的4万名代理的广泛网络支持。这些资源将帮助我们扩大影响力，提升生产力，为本地和国际买家提供无与伦比的服务。”有兴趣在黑山共和国购置房产？我们新开设的IQI黑山办事处可以协助你！留下你的联系方式，我们将尽快联络你！[hubspot portal="5699703" id="2380afe3-ad4c-4cfa-9abf-d3947e377bf2" type="form"]延伸阅读：看准马耳他房产投资潜力！IQI开设马耳他办事处IQI进一步扩展欧洲业务，成立IQI意大利办事处！IQI拓展欧洲版图 正式成立IQI FOX Cyprus

Malaysia's Real Property Gains Tax (RPGT) significantly regulates property transactions and curbs speculative activities. As we step into 2025, there are key updates to RPGT regulations that property owners, buyers, and investors need to be aware of. Here's a comprehensive guide to help you understand the changes and comply with the latest requirements.Table of contentsWhat is RPGT in Malaysia?Key Updates to Real Property Gains Tax in 2025Real Property Gains Tax (RPGT) Rates for 2025RPGT Exemptions in Malaysiaa) Once-in-a-lifetime exemptionb) Family Transfersc) Chargeable Gains WaiverHow to File RPGT in 2025Why These RPGT Updates Are ImportantTL;DR: Key Takeaways for RPGT 2025What is RPGT in Malaysia?RPGT is a tax on the profits made from selling real property or shares in real property companies. This tax ensures equitable contributions and discourages short-term speculative investments, making the Malaysian property market more stable.Key Updates to Real Property Gains Tax in 20251. Mandatory Online Submission Effective January 1, 2025, all RPGT return forms must be submitted electronically via the e-CKHT platform on the MyTax portal. This digital transition aims to streamline the filing process and improve compliance.2. Self-Assessment System Implementation Starting this year, a self-assessment system has been introduced for RPGT filings. Taxpayers are now required to compute their tax liabilities accurately. The submitted returns will be considered assessments made by the Director General of Inland Revenue.Real Property Gains Tax (RPGT) Rates for 2025Malaysian Citizens and Permanent Residents:Disposal within 1st to 3rd year: 30%4th year: 20%5th year: 15%6th year onwards: 0%Non-Citizens and Foreigners:Disposal within 1st to 5th year: 30%6th year onwards: 10%Companies:Disposal within 1st to 3rd year: 30%4th year: 20%5th year: 15%6th year onwards: 10%RPGT Exemptions in MalaysiaTo ease the burden on taxpayers, the following exemptions are available:a) Once-in-a-lifetime exemptionMalaysian citizens are eligible for a one-time exemption on gains from the disposal of a private residence.b) Family TransfersProperty transfers between family members (e.g., spouses, parents and children, grandparents and grandchildren) are exempted from RPGT.c) Chargeable Gains WaiverA waiver is available for 10% of chargeable gains or RM10,000 (whichever is higher) per transaction.How to File RPGT in 2025Step 1: Prepare DocumentsSale and Purchase Agreement (SPA)CKHT 1A Form for disposalSupporting documents for deductions or exemptionsStep 2: Access the e-CKHT PlatformLog in to the MyTax portal (https://mytax.hasil.gov.my/) using your Tax Identification Number (TIN). Navigate to the e-CKHT section and complete the necessary forms.Step 3: Submit Within 60 Days Ensure all documents are submitted within 60 days of the property’s disposal. Failure to comply may result in penalties.Why These RPGT Updates Are ImportantThe 2025 updates to RPGT reflect Malaysia’s commitment to modernizing its tax system and improving transparency. The shift to digital filing reduces paperwork, while the self-assessment system gives taxpayers greater autonomy and responsibility over their filings.TL;DR: Key Takeaways for RPGT 2025Starting January 1, 2025Mandatory Online Filing: RPGT filings must now be completed on the MyTax portal via the e-CKHT platform.Self-Assessment System: Taxpayers are responsible for calculating their liabilities.Exemptions: Malaysian citizens enjoy RPGT exemptions on property disposals after six years.Stay ahead of the curve by understanding and adhering to the latest RPGT requirements in Malaysia. For further assistance, consult a licensed tax professional or visit the Inland Revenue Board’s official website.Want to sell your house on time, but you don't know who to go to? Fret not; our professional real estate team can assist you![hubspot portal="5699703" id="85ebae59-f425-419b-a59d-3531ad1df948" type="form"]Continue ReadingNavigating Property Investment: Must-know fees when selling property in Malaysia 2024RPGT exemption sees more secondary market transactionsBudget 2025 Malaysia: RM900 Million For Affordable Housing, Tax Break and More!