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More China nationals buy Sabah property

Posted by admin on April 11, 2017
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KOTA KINABALU: Sabah may see an increasing number of China nationals purchasing property under the Malaysia My Second Home (MM2H) programme.

Sabah Association of Tour and Travel Agents (Satta) president Datuk Seri Winston Liaw said there were now also inbound tours designed to include property viewing as part of the itinerary.

“Some (inbound) tours now also allocated a day to take tourists to view properties here. And a lot of the tourists made bookings on the spot,” Liaw said when asked about the “third wave” of Chinese migration to Malaysia.

As China restricts their citizens to only two property purchases, the wealthy ones shift their focus to properties abroad, he said.

“They will be looking at areas which offer them the most favourable conditions and conducive environment for investment. The blue skies, clean environment, friendly people and the lack of language barrier in Sabah are favourable factors for the Chinese,” he said.



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