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Author Topic: Chinese fleeing Malaysia, apartments are now dirt cheap  (Read 152 times)

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Chinese fleeing Malaysia, apartments are now dirt cheap
« on: September 20, 2020, 04:22:55 AM »
now you can buy a previously Fengshuied apartment for dirt cheap in Malaysia.

https://www.scmp.com/economy/china-economy/article/3102154/chinas-middle-class-dream-second-home-malaysia-dashed

Patricia Li is dismayed and saddened by the exodus of Chinese people she is witnessing in Johor, the southernmost state in Malaysia.
When she moved to the tropical Southeast Asian country from Yunnan province in 2017, the outlook was bright. Thousands of middle-class Chinese investors were flocking to Malaysia to buy property and secure a second home beyond China’s borders.
A number of Chinese developers have also invested heavily in Johor, promoting its proximity to Singapore and developing real-estate projects tailored for affluent Chinese people eager to make overseas investments or embrace a new lifestyle abroad. Since 2011, Guangdong-based developer Country Garden says it has invested close to RM20 billion (US$4.83 billion) in Malaysia, creating more than 1,500 jobs.
For her part, Li opened a teahouse in Johor to serve the Chinese community that was growing there, with many taking advantage of the Malaysia My Second Home (MM2H) programme, which launched in 2002 and offered foreign investors long-stay visas of up to 10 years.

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if you hate Chinese but love Chinese cuisine this place is not bad to buy in


Offline 1r0n_m4n_xl

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Re: Chinese fleeing Malaysia, apartments are now dirt cheap
« Reply #1 on: September 21, 2020, 02:13:49 PM »
now you can buy a previously Fengshuied apartment for dirt cheap in Malaysia.

https://www.scmp.com/economy/china-economy/article/3102154/chinas-middle-class-dream-second-home-malaysia-dashed

Patricia Li is dismayed and saddened by the exodus of Chinese people she is witnessing in Johor, the southernmost state in Malaysia.
When she moved to the tropical Southeast Asian country from Yunnan province in 2017, the outlook was bright. Thousands of middle-class Chinese investors were flocking to Malaysia to buy property and secure a second home beyond China’s borders.
A number of Chinese developers have also invested heavily in Johor, promoting its proximity to Singapore and developing real-estate projects tailored for affluent Chinese people eager to make overseas investments or embrace a new lifestyle abroad. Since 2011, Guangdong-based developer Country Garden says it has invested close to RM20 billion (US$4.83 billion) in Malaysia, creating more than 1,500 jobs.
For her part, Li opened a teahouse in Johor to serve the Chinese community that was growing there, with many taking advantage of the Malaysia My Second Home (MM2H) programme, which launched in 2002 and offered foreign investors long-stay visas of up to 10 years.

-----------

if you hate Chinese but love Chinese cuisine this place is not bad to buy in



the Chicks are leaving malaysia that;s good news. real progress.

we should all be taking notes.

Thailand, myammar and cambodia should follow next
data:image/jpeg;base64,/9j/4AAQSkZJRgABAQAAAQABAAD/2wCEAAkGBxMTEhUTExMVFhUXGBoaFxcYGBUYGhsdGhcYFxgXG

 
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