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Find the latest rental rates on the Malaysia property market
Malaysia is a country located just north of the Equator in Southeast Asia. This country has a rich and unique cultural heritage, from rural crafts and traditional architecture to a wide variety of annual festivals and delicious cuisines. Besides its culture, there is also astounding natural beauty to take in as well. Visitors can explore some of the lushest tropical rainforests in the world or relax on one of its beautiful beaches. Malaysia is not only popular among tourists. It has also been consistently ranked as one of the best destinations for expatriates to live and work in. Thanks to its modern amenities, a strong economy, great healthcare, affordable cost of living, and generally high standard of living, the country is seen as an attractive place to relocate for professionals, families, and retirees alike.
Malaysia consists of two non-contiguous regions that are separated by the South China Sea: Peninsular Malaysia (also known as West Malaysia), which lies on the Malay Peninsula, and East Malaysia, which is located on Borneo Island. Kuala Lumpur, its capital, lies in the western part of Peninsular Malaysia. Welcoming around 13.79 million people in 2018, this city is the sixth most visited in the world. The most popular attraction in the city is the Petronas Twin Towers. Standing at 451.9 meters, these iconic towers are the tallest twin towers in the world. From the outside, they look impressive, from the inside, visitors are offered with breath-taking views of the city.
Another popular attraction in Kuala Lumpur is the Batu Caves, which is actually located 30 minutes from the city. It is a limestone hill where visitors can find a series of cave temples and the world’s tallest statue of Murugan. The cave temples are one of the most famous Hindu shrines outside India.
Located about 16 miles south of Kuala Lumpur is Putrajaya, the country’s administrative center. While it is not as popular as Kuala Lumpur, it does have plenty to offer. Some of the most famous attractions are Putra Mosque, Putrajaya Lake, and Seri Wawasan Bridge.
Besides Kuala Lumpur and Putrajaya, Penang is very popular among international visitors as well. It is where the country’s UNESCO-listed city, George Town, is located. It is well-known for having the largest collection of pre-war buildings in the Southeast Asian Region. This city is frequented by those who want to immerse themselves in the country’s cultural sights.
Due to the influx of international visitors coming to the country, the property market is flourishing, and international visitors now have more options on the type of property they want to rent.
The most popular types of property to rent in the country for foreigners are condominiums and apartments. Condos in the country are usually designed with luxury features and are built within high-rise buildings. They mostly provide common areas for renters, such as swimming pools, gyms, and children’s playgrounds. Renters are also provided with 24-hour security and a designated parking spot.
Apartments in the country are very similar to condos, though they may not be as luxurious. Some apartments only offer basic facilities, including parking spaces and 24-hour security, but others offer common areas such as swimming pools and gyms. There are also upscale, serviced apartments in the country, which offer fully furnished units, housekeeping, cleaning service, laundry, and other facilities that give renters a hotel-like lifestyle.
In terms of unit size, apartments and condos in the country vary from studio room, one- to four-bedroom, loft, and penthouse.
For those who are looking to rent landed properties, bungalows and villas are the most popular options. Bungalows are standalone units that are surrounded by a large plot of land, a garden, and a parking area. Villas are essentially very similar to bungalows but are usually bigger and more luxurious. Both bungalows and villas in the country offer renters more privacy and space.
Before signing a lease, there are a few things you should know about renting property in Malaysia. First, it's important to be aware of the difference between public and private housing. Public housing is usually owned by the government or a housing development corporation, while private housing is owned by individuals or companies. Additionally, rent prices for private housing can vary significantly depending on the location, size, and amenities of the property. In general, properties located in Kuala Lumpur and other major cities will be more expensive than those in smaller towns or rural areas. Additionally, it's important to be aware of the country's tenancy laws. These laws protect both landlords and tenants from unfair practices, such as arbitrary evictions or unreasonable rent increases. Finally, be sure to have a clear understanding of your rights and responsibilities before signing a lease. By following these tips, you can help ensure a smooth and positive rental experience in Malaysia.
The cost of renting a house in Malaysia depends on a number of factors, including the size of the house, the location, and the amenities. A one-bedroom apartment in a small town may cost as little as RM500 per month, while a three-bedroom house in a major city can easily cost RM3,000 or more. Of course, prices can vary widely depending on the quality of the housing and the size of the rental market in a particular area. In general, however, it is possible to find affordable housing in Malaysia if you are willing to search for it. With a little effort, you should be able to find a suitable place to rent that fits your budget.
Malaysia is a popular destination for expatriates, owing to its stable political climate, diverse culture, and strong economy. According to the latest figures from the Malaysian government, there are over 700,000 foreigners living in the country. The majority of these expatriates come from neighboring countries such as Indonesia, Singapore, and Thailand. However, there is also a significant number of Westerners living in Malaysia, with the United States, United Kingdom, and Australia being the top three source countries. Most foreigners live in urban areas such as Kuala Lumpur and Penang, where they can find work and enjoy a more cosmopolitan lifestyle. However, there are also many expatriates who have chosen to settle in smaller towns and villages across Malaysia, where they can experience a more traditional way of life. Whichever part of Malaysia they call home, foreigners are sure to find a warm welcome from the locals.
The best time to search for a rental property in Malaysia generally depends on your budget and preferences. If you're working with a tight budget, you may want to start your search during the off-season (typically from late November to early February). During this time, rents are typically lower as there is less demand for properties. However, you may have difficulty finding your perfect rental as there will be fewer listings to choose from. If you're not concerned about budget and just want to find the best rental property, you should start your search during the peak season (typically from March to October). During this time, there will be more listings to choose from as demand is higher. However, you may have to pay a premium price for your rental. Ultimately, it's up to you to decide when is the best time to search for a rental property in Malaysia based on your budget and preferences.