Kota Kinabalu (KK), The Land of Investment Opportunity
The rapid development of KK has contributed to a change in lifestyle and rapid economic growth. Thanks to an influx of new properties, opening of tourism hotspots and increase in buying power in the area, the growth of the city has attracted a good number of tourists and expats. So, why should you invest in KK, Sabah?
1. Living cost in KK is listed among the cheapest for expatriates
Live and Invest Overseas founder Kathleen Peddicord rated Kota Kinabalu as among her top choice for cheapest places worldwide for expatriates to live, in a list published by Forbes in 2017. You can refer to the article here!
With the increase of KK popularity, flight companies have introduced direct routees from a number of countries in the region, attracting visitors and investors from Korea, China, Japan and Taiwan. Kota Kinabalu International Airport (KKIA) is the second busiest airport in Malaysia and the distance from KK to KKIA is less 10km. This makes KK a very strategic and accessible investment.
The Pan-Borneo Highway will increase the city's accessibility to everywhere! This will not only allow enhanced connectivity between various economic clusters, but also open up new economic frontiers and opportunities. The continued growth of Sabah’s tourism and hospitality sector, coupled with the government’s commitment in delivering the Pan Borneo Highway are bright spots for Kota Kinabalu’s property market moving into 2019 .
Aeropod, a 24.28ha transit-oriented hub which will be the largest integrated development in Kota Kinabalu. It comprises Aeropod commercial square, SOVOs (small office virtual offices), residential towers, hotels, a lifestyle shopping mall and Tanjung Aru railway station. The proximity to the KKIA and integration with the Tanjung Aru railway station will allow it to benefit from the projected growth in tourist arrivals to Sabah.
4. High traffic of new businesses investments!
Foreign markets are investing in Sabah due to its strategic location, close to China, Singapore, Vietnam and other countries in the region. In 2017 alone, a total of 761 manufacturing projects with investments worth RM15.1 billion have been implemented in Sabah. Read Investors to Consider Sabah as the Next Location for Investment , Xinyi Glass Holding Limited, plans to invest RM1.2 billion in Sabah , 761 manufacturing projects with investments worth RM15.1 billion have been implemented in Sabah .
5. MM2H Visa!
For foreigners who are buying in Sabah, the minimum threshold set by the Malaysian government is RM1,000,000.
Editor's note: A previous version of this article stated that the minimum threshold for foreigners to buy property in Sabah was RM500,000. This figure was a previous threshold and is incorrect. The updated and correct minimum threshold for foreigners to buy property in Sabah is RM1,000,000. We apologise for any confusion caused.