An Opportunity to Diversify Your Property Investment Portfolio in Sabah
Invest Property in Sabah, Malaysia
Spanning over approximately 73,904 square kilometers, Sabah is the second largest state in the country in Malaysia. Sabah is known for its vast land and rich cultural heritage with a population of around 3.9 million people with various ethnicities, including Kadazan-Dusun, Bajau, Chinese, and indigenous groups.
Investing in property in Sabah is becoming an increasingly attractive option for investors looking to diversify their portfolios. As we look towards the year 2024, the Sabah property market is poised for growth following the challenges brought on by the global pandemic in 2020. The upcoming completion of the Pan Borneo Highway is set to further boost the economic prospects of the region, making it an opportune time to consider investing in Sabah.
One of the key reasons to invest in property in Sabah is the potential for high returns on investment. The completion of the Pan Borneo Highway is expected to drive economic growth in the region, leading to increased demand for residential and commercial properties. This presents an opportunity for investors to capitalize on the potential appreciation in property values in Sabah.
Sabah has been making significant efforts to attract foreign investments in the state, while the government of Malaysia has introduced various incentives to attract foreign investors, including the Sabah-Malaysia My Second Home (Sabah-MM2H) program which offers long-term visas (UP TO 10 YRS) to foreigners who purchase property(Worth Min. RM600,000.00) in the country.
Additionally, Sabah offers a unique investment opportunity for those looking to diversify their portfolios.
The region's rich cultural heritage and natural beauty make it a popular tourist destination, attracting visitors from around the world. This, in turn, creates opportunities for investors to capitalize on the growing tourism industry by investing in properties such as hotels, resorts, and vacation rentals.
In recent years, the property prices in Sabah have been steadily rising due to increasing demand from both locals and foreigners. The state's picturesque landscapes, pristine beaches, and vibrant cultural scene have made it a popular destination for property investment. From luxurious beachfront villas to cozy mountain retreats, there is a wide range of properties available in Sabah to suit every budget and preference.
Despite the rise in property prices, Sabah remains an attractive destination for investors looking to diversify their portfolio or settle down in a peaceful and scenic environment.
Another promising sector for investment in Sabah is agriculture. With fertile soil and a tropical climate, Sabah is ideal for cultivating a wide range of crops, including palm oil, rubber, and cocoa. Additionally, the state's abundant water resources make it an attractive destination for aquaculture ventures. By investing in agriculture in Sabah, investors can tap into the growing demand for sustainable and ethically sourced products while supporting local communities.
Furthermore, Sabah's oil and gas industry presents another promising investment opportunity. The state is home to several major oil and gas fields, making it a key player in Malaysia's energy sector. As the global demand for energy continues to rise, investing in Sabah's oil and gas industry can provide stable returns and long-term growth prospects.
Overall, investing in Sabah is not only financially rewarding but also a chance to be part of a sustainable and vibrant community. With its diverse opportunities and growth potential, Sabah is truly a place where investors can thrive and make a positive impact. So why wait? Take the leap and diversify your investment in Sabah today!
the benefits of this dynamic and promising market in 2024 !
the massive infrastructure REVOLUTIONARY of the pan borneo highway
The Pan Borneo Highway (PBH) is a massive infrastructure project that aims to enhance connectivity and boost economic growth in the region. The Pan Borneo is more than just a road network – it’s a lifeline that links Malaysian states Sabah and Sarawak to Brunei and the Kalimantan region in Indonesia.
It's reshaping the connectivity and forging a stronger bonds among the nation.
82% of the construction for 15 work packages in Phase 1 of the Sabah Pan Borneo Highway Project (LPB) has been accomplished, with a target of full completion set for January 2025.
The 1,236 km Sabah Pan Borneo Highway project is being implemented in three phases namely Phase 1: Sindumin - Kota Kinabalu - Kudat; Ranau - Mile 32 Sandakan; Mile 32 Sandakan – Tawau (706km)
Phase 2: Tamparuli - Ranau (98km)
Phase3: Tawau– Kalabakan – Keningau – Kimanis (432km).
The improved connectivity is expected to facilitate easier travel and transportation of goods, ultimately benefiting the local economy and open up new opportunities for trade, tourism, and investment, further boosting the economic development of the region. The completion of the Pan Borneo Highway in Sabah will not only improve connectivity within the state but also enhance regional connectivity with Sarawak and Brunei.
Overall, the Pan Borneo Highway project in Sabah is a testament to the government's commitment to improving infrastructure and connectivity in East Malaysia. With continued progress and careful planning, the completion of this highway will bring about long-lasting benefits for the people of Sabah and contribute to the overall development of Borneo as a whole.
SABAH MM2H
The Sabah MM2H program update 2024 is set to become even more attractive for expatriates seeking a new beginning in Malaysia. With a range of benefits and incentives on offer, now is the perfect time to consider Sabah as your second home. Whether you're looking to retire in paradise, launch a new business venture, or simply enjoy a slower pace of life, Sabah MM2H has something for everyone. Make 2024 the year you start your next chapter in this enchanting Malaysian state.
Everything You Need To Know About Malaysia’s Second Home Initiative In Sabah:-
Administering Body: Ministry of Tourism, Culture, and Environment, Sabah
Point of Contact for Program Administration: Contact us for updated info.
Once in the program, buying homes is cheaper. The program makes buying residential property easier and more affordable.
Kids can go to school easily. Also hiring help for your home is allowed.
This program helps Sabah’s economy by boosting real estate and local businesses as foreigners spend money living here.
Look no further, if you plan to get a Luxury Penthouse selling at affordable price in Sabah, Houzify team will assist your property related matters.
Required Forms for SABAH-MM2H Application:-
- SABAH-MM2H Application Form
- IM.12 Form: Visit Pass Application Form Pin. 1/97
- IM.47 Form (if appliable – for countries with Visa Requirement)
- IM.63 Form: Immigrations Reference Form
- Security Bond
Everything You Need To Know About Malaysia’s Second Home Initiative In Sabah:-
- The Sabah MM2H program lets people live in Malaysia with a 10 – year visa and has easy rules for bringing family.
- Minimum property purchase price of RM600,000 for international buyers.
- When you join the MM2H, you need to buy property worth RM600,000,
- Show you make RM10,000 a month if single (or RM15,000 for families),
- Save RM300,000 in a local bank,
- Have health insurance that works in Malaysia, and
- Get good conduct proof from police.
- Applying means filling out a form carefully and sending it with proofs of income and health to the Immigration Department of Sabah.
Administering Body: Ministry of Tourism, Culture, and Environment, Sabah
Point of Contact for Program Administration: Contact us for updated info.
Once in the program, buying homes is cheaper. The program makes buying residential property easier and more affordable.
Kids can go to school easily. Also hiring help for your home is allowed.
This program helps Sabah’s economy by boosting real estate and local businesses as foreigners spend money living here.
Look no further, if you plan to get a Luxury Penthouse selling at affordable price in Sabah, Houzify team will assist your property related matters.
Required Forms for SABAH-MM2H Application:-
- SABAH-MM2H Application Form
- IM.12 Form: Visit Pass Application Form Pin. 1/97
- IM.47 Form (if appliable – for countries with Visa Requirement)
- IM.63 Form: Immigrations Reference Form
- Security Bond