KUALA LUMPUR, Nov 27 (Bernama) -- Singapore, Australia, Japan and Malaysia lead the rankings as Asia-Pacific’s (APAC) leading lifestyle and investment hotspots, according to global real estate consultancy and estate agency, Knight Frank.
In its latest report, Quality Life-ing: Mapping Prime Residential Hotspots, Knight Frank evaluated 15 prominent markets based on five leading indicators: Economy, Human Capital, Quality of Life, Environment, and Infrastructure and Mobility.
“This comprehensive analysis aims to assist prospective movers in identifying the ideal location which aligns with their specific needs and preferences,” it said in a statement today.
According to the report, Malaysia, emerging as a hub for technological innovation, is attracting major tech companies like Oracle and Microsoft due to its favourable business climate.
“The country’s prime residential market is poised for stability and gradual growth, reflecting the broader resilience of the APAC region’s real estate sector.
“Kuala Lumpur also remains the most affordable market in APAC, with prime residential prices at US$242 per square feet, making it a top choice for expatriate relocations,” said Knight Frank (US$1=RM4.455).
It added that despite facing challenges from rising interest rates, the Malaysian property market has shown signs of recovery, with significant transactions recorded in early 2024.
“The government’s initiatives, such as maintaining interest rates at 3.0 per cent and offering stamp duty exemptions for first-time homebuyers, are expected to stimulate demand.
“Kuala Lumpur is a focal point for this growth, where new residential projects are catering to evolving buyer preferences, particularly among single-family households seeking lifestyle-oriented developments,” said the agency.
It also said that the appeal of Malaysia’s real estate is enhanced by its strategic location and cultural richness, making it an attractive option for both local and foreign investors looking for quality residential opportunities.
Knight Frank Malaysia group managing director Keith Ooi said Malaysia’s unique position as a rising hub for technological innovation is attracting global attention, especially in the realm of digital transformation.
“The presence of major players like Oracle and Microsoft, coupled with competitive wages and a business-friendly environment, underscores the nation’s growing appeal as a strategic destination for investment,” he said.
With initiatives such as zero-tax incentives for family offices in Forest City, Ooi said Malaysia is positioning itself as an alternative wealth management hub to complement the likes of Singapore and Hong Kong.
“This momentum, combined with the country’s rich cultural heritage and affordable quality of life, makes Malaysia a compelling choice for individuals and businesses seeking long-term growth opportunities in Asia-Pacific,” he said.
-- BERNAMA
