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Latest News
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There are several options when buying property in Malaysia - bungalows or freestanding homes, condominiums (apartments with extra facilities) and apartments (usually with limited facilities). Living spaces can be leased with or without furniture although even the latter will usually have standard facilities like ceiling fans, air conditioners, stove, hot water system and fridge.
Recently built condominium property in Malaysia in good areas of Kuala Lumpur include most of the following - pool, gym, lifts, 24-hour security service, adequate parking, convenience store and landscape gardens.
Kuala Lumpur is no different from any other city in the world; location and facilities are all important. The traffic in the city can often be bad. So access to work, education and recreation facilities becomes important. There are few natural attractions that make certain areas better for living - being inland, for example, there are no beach-side locations near to the city. The dress circle areas therefore tend to be based upon location with proximity to the Central Business District, all-important. These areas of prime Malaysian real estate include Kenny Hills, Damansara Heights and the city end of Jalan Ampang where many embassies are located. Other popular areas to look for your property in Malaysia include Bukit Kiara, Ampang, Bangsar Baru (commonly known as Bangsar) and Taman Tun Dr. Ismail (TTDI). These upmarket surburbs of Kuala Lumpur have long been established and are very well-equipped with plenty of amenities; with the exception of Kenny Hills as its prestige lies in its landscape - built around and along mother nature's own precipices.
If you have school aged children, a property close to one of the international schools will be important and it is a good idea to determine this before looking for accommodation or your childen could have a long commute each day due to the traffic conditions. Most are direct neighbours to the city centre, known as Kuala Lumpur's Golden Triangle. Despite being well-known for erratic road traffic conditions, Ampang still attracts many expats as not only is it close to town, but offers plenty of fine dining restaurants of European cuisine to help lessen home-sickness.
Damansara Heights and the many apartments in the Bangsar area have relatively easy access to Bangsar Baru which has many bars, shops and restaurants. Many consider this the "trendy" end of town. In the last few years the Sri Hartarmas area has become popular among investors in Malaysian property and there are many apartments there together with shops and restaurants.
Bangsar Information
Here's some indication of monthly rents in Kuala Lumpur. Modern, three-bedroom condominium, 2,100 sq. feet in Bangsar - RM7, 500 and a two-bedroom condominium, 1,200 sq. feet in Bangsar - RM3, 000. Semi-detached house in central area, RM4,000 to RM6,000 and detached house, central location and pool - RM9,000 to RM15,000
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As a foreigner married to Malaysian, one may choose between different types of applications whether he/she needs to work in Malaysia or not.
If working in Malaysia is not an issue, one can either choose between a Malaysian social visit pass now given for 6 months or one year to all foreigners married to Malaysians. But although it is given automatically, it can get difficult to renew. Therefore, for those who can afford putting the sufficient amount of money into a fixed deposit, the Malaysia My Second Home program is recommended, as it is given on a 5 years visa basis (more information here ).
On the other hand, if you are planning to work in Malaysia, you may either choose between the Spouse Program and a normal work permit. But better make the right decision right from the start as it is almost impossible to convert an Employment Pass from the Spouse Program (which is actually endorsed as a Social Pass) to a conventional Working Permit. |
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KUALA LUMPUR, Malaysia — Budget carrier AirAsia expects to add over 100 domestic flights a day following the government's plan to give it routes from money-losing Malaysia Airlines, a top official said Friday.
AirAsia, the region's largest no-frills airline, currently operates 250 flights daily.
But the recent government decision to hand over Malaysia Airlines routes to AirAsia will add at least 108 flights daily to its current schedule, AirAsia's director of corporate affairs and strategy Timothy Ross said in prepared text to an investment conference here.
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KUALA LUMPUR: Malaysia’s government will keep reducing subsidies on fuel, moving closer to allowing markets to set prices, said Effendi Norwawi, minister in the prime minister’s department.
"The principle of this administration is to move away from subsidies as soon as it is practical,” Effendi, 59, said in an interview. The government wants prices to be more “market driven,” he said.
Prime Minister Abdullah Ahmad Badawi raised government-controlled fuel prices five times since May 2004, allowing him to trim subsidies paid to oil companies, and cut the budget deficit.
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BERLIN: In his first public appearance at ITB, the new Minister of Tourism Tengku Adnan said he hoped Malaysia would attract over 17 million tourist arrivals in 2006, generating US$11 billion in revenues. Last year, Malaysia recorded 16.4 million international arrivals, a growth of 9.5% compared over 2004, with revenues reaching over US$ 9 billion. However, 2007 offers even greater potential, says Tengku Adnan, when Malaysia commemorates 50 years of independence. To coincide with the celebrations, a ‘Visit Malaysia Year’ will be launched, and a year-long programme of special events, festivals, commemorative ceremonies and exhibitions are planned. |
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