Whether you are an expat or a local on the lookout for luxury properties at competitive prices, we’ve helped compile a list for you!
In this article:
- Luxury Property Demand From Foreign Buyers
- Tropicana Golf Country Club Resort, Damansara
- 10 Mont Kiara @ MK10, Mont Kiara
- The Villa @ Serai Saujana, Ara Damansara
- Conlay by E&O, Kuala Lumpur
- Park Regent, Desa ParkCity, Kuala Lumpur
- Bungalow in Tanjong Tokong, Penang
- Condominium in Tanjong Tokong, Penang
- The Light Collection II, Gelugor, Penang
- Coral Bay, Kota Kinabalu
- The Peak Vista, Kota Kinabalu
In terms of Malaysian real estate, have you ever wondered how luxury properties fared? Well, let us tell you this, it does very well! And this may boil down to the fact that Malaysia’s magnetic pull toward skilled foreign professionals is on a meteoric rise.
According to data from the Immigration Department of Malaysia, the number of expatriates entering the country has surged pass pre-pandemic levels. Last year alone, a total of 154,155 expatriate passes were issued. That is the highest amount of passes issued since 2018.
The upward trend is expected to continue in 2024. As of March, a total of 38,197 passes were issued compared with the 32,947 passes given out during the same period last year.
Luxury Property Demand From Foreign Buyers
Does the increase in skilled foreign professionals correlate with demand in luxury property? Yes, it does!
According to news reports, Malaysia’s luxury properties have drawn high interest from foreign investors, particularly from China, Europe, Singapore, and the Middle East. This is especially true in urban areas such as Kuala Lumpur, Penang, and Sabah.
Real estate group Juwai IQI, for example, enquiries from Chinese buyers alone in the first quarter of 2024 had surged by 42 per cent compared to the previous quarter. This has placed Malaysia as the second most popular destination in Southeast Asia for Chinese real estate buyers after Thailand.
Malaysia is an attractive destination for foreigners as it offers competitive prices compared to other luxury markets in Asia. Furthermore, favourable property ownership framework for foreigners also works in its favour.
Another factor which has helped the market is the Malaysia My Second Home (MM2H) programme. The government initiative allows foreigners to reside in Malaysia on a multiple-entry social visit pass and was revamped in June 2024. It is now mandatory for MM2H participants to purchase residential properties and not rent them out.
So, whether you are an expat or a local on the lookout for luxury properties at competitive prices, here’s a list of 10 luxury properties for sale in Malaysia over RM3 million for you to check out!
1. Tropicana Golf Country Club Resort, Damansara
Tropicana Golf Country Club Resort is a luxurious township in middle of Damansara, Petaling Jaya. It features a 450,000 sq ft clubhouse equipped with facilities such as function rooms, grand ballroom, shopping outlets, resort-style larger-than-Olympic-sized swimming pool, 2 play pools, 4 indoor badminton courts and a VIP badminton hall.
There are also 2 indoor & 4 outdoor tennis courts, 3 squash courts, aerobics/dancing studio, indoor golf & entertainment centre with 7 simulator bays, gymnasium, Japanese bath, jacuzzi, sauna, steam bath and many more.
There are plenty of listings on our site for properties in Tropicana including this 2.5 storey bungalow with 5 + 2 rooms and 6 bathrooms. With a selling price of RM3,400,000, it has built-up size of 6,100 sq ft and a land area size of 6,550 sq ft. This unit is also currently vacant and partly-furnished.
2. 10 Mont Kiara @ MK10, Mont Kiara
If condominiums are more of your thing, then check out 10 Mont Kiara @ MK10, located in the posh enclave of Mont Kiara. Often described as the ‘Beverly Hills’ of Kuala Lumpur, Mont Kiara is one of the most popular neighbourhoods for expats in Malaysia.
10 Mont Kiara @ MK10 is a freehold condominium with facilities such as a jogging track, swimming pool, gymnasium, sauna, tennis court, parking, wading pool, BBQ area, 24-hours security, and many more.
Among the listings you can find on our site include this 3,479 sq ft unit which is on sale for RM3,300,000. Positioned on a high-floor, this is a well-maintained house features 4+1 bedrooms and 5 bathrooms as well as 3 parking bays.
3. The Villa @ Serai Saujana, Ara Damansara
The Villa @ Serai Saujana is a luxurious residential development located next to the prestigious Saujana Golf & Country Club and Japanese International School in Ara Damansara.
Among the listings you can find on our site for The Villa include this 3 storey courtyard bungalow with a pool and private lift. For a selling price of RM4,150,000, it comes with 4 + 1 bedrooms and 5 bathrooms. The built-up size is 4,216 sq ft.
In terms of accessibility, Serai Saujana is accessible via the extensive network of expressway and highway such as Subang Airport Highwway, North Klang Valley Expressway, Federal Highway, New Pantai Expressway and Damansara – Puchong Highway.
4. Conlay by E&O, Kuala Lumpur
Conlay is a luxury serviced apartment located on 1.44 acres of freehold land at the intersection of Jalan Conlay and Jalan Kia Peng in Kuala Lumpur. In terms of prime location, it doesn’t get much better than this as Conlay is nestled between two central business districts- the golden triangle KLCC locale and the TRX financial hub.
The 54-storey tower features 491 elegantly appointed homes ranging from 743 sq. ft to 1,335 sq. ft, fully equipped with branded appliances, built-in wardrobes, and hotel-style bathrooms – the unit is outfitted with fully fitted kitchen cabinets and appliances. Most of the units have unobstructed views from their balconies.
Residents will also enjoy two floors of amenities and facilities with two heated swimming pools and gymnasiums, sauna rooms, a spa pool, and a multipurpose lounge, meeting, music, billiard, and multimedia rooms. Prices range from RM1,680,000 to RM3,680,000.
5. Park Regent, Desa ParkCity, Kuala Lumpur
Park Regent is a serviced apartment development consisting of two residential towers. It is located on a prime 5.61-acre land in Desa Park City and neighbours the area’s central park and its signature central lake.
Park Regent’s nature features include flower gardens, private sanctuaries, a meditation deck and a multi-game court, ideal to foster a close-to-nature, holistic lifestyle. On the highest floors are rooftop terraces cum sky gardens, curated for the enjoyment of private moments with family and friends.
On our listings page, you’ll find units at Park Regent for sale and rent, such as this 3,100 sq ft condominium on sale for RM5,500,000. The unit features 3 + 2 bedrooms and 5 bathrooms as well as 3 parking spots. It also comes with a balcony with spectacular views and private lift lobbies.
6. Bungalow in Tanjong Tokong, Penang
Maybe Kuala Lumpur doesn’t tickle your fancy, but Penang does. Well, we don’t blame you as Penang is well-known for it’s amazing food, UNESCO heritage sites, colonial architecture, beaches, and amazing street art!
We also got you covered here as our listing page features plenty of options for properties in the island, including luxury ones. For instance, consider this bungalow which is on sale for RM8,800,000.
Tanjong Tokong is located between two of the most exciting community areas in Penang – Gurney Drive and Straits Quay. This bungalow comes with a pool, 9 bedrooms, and 9 bathrooms. The built-up size is 6,000 sq ft while the land size are is 20,000 sq ft. Furthermore, it is fully renovated and fully furnished.
7. Condominium in Tanjong Tokong, Penang
Sticking to the Tanjong Tokong area (we told you that it was a prime location!), this time we give the option of choosing a condominium. This particular condominium unit in Andaman Quayside is on sale for RM3,300,000.
With a built-up size of 2,824 sq ft, it features 3 bedrooms, 1 study room, 1 maid’s room and 5 bathrooms. It is located on a high floor and is fully furnished and renovated.
Facilities here include a swimming pool, gymnasium, tennis court, playground, BBQ area, clubhouse, and 24-hour security.
8. The Light Collection II, Gelugor, Penang
What’s life on an island if you can’t enjoy views of the ocean, right? If you agree, then the Light Collection II maybe just for you! It is a a waterfront condominium located in Gelugor and with the completion of Penang’s Second Bridge, it is expected to become the new heart of Penang’s social connectivity.
You can find many units at The Light Collection II on our listings page, such as this 3,617 sq ft triplex unit on sale for RM3,880,000. It is fully furnished and renovated and features 4 + 1 bedrooms, 6 bathrooms, and 4 parking spaces.
Facilities that you can expect to enjoy include a landscape garden, play ground, basketball court, tennis court, yoga deck, swimming pool, jacuzzi, gymnasium, BBQ area, club house, and 24-hour security.
9. Coral Bay, Kota Kinabalu
Speaking of luxurious waterfront condominiums, we now head to the eastern state of Sabah. Coral Bay is an integrated resort development nestled within Sutera Harbour Resort in Kota Kinabalu.
It offers idyllic view of the South China Sea and the islands that form part of the Tunku Abdul Rahman Marine Park. The development is minutes away from the city’s famed Tanjung Aru beach, thus boasts a 360-degree vista of Kota Kinabalu’s signature sunset over the South China Sea, its neighbouring mountains, as well as Sutera Harbour’s marina and golf course.
Among the Coral Bay listings that you’ll find on our site is this 3,826 sq ft unit with 5 bedrooms, 5 bathrooms, and 3 parking spots. It is on sale for RM4,999,999 and offers a ‘180 degree sea view with world class sunset’.
10. The Peak Vista, Kota Kinabalu
The Peak Vista is a high-end modern condominium set atop Signal Hill in Kota Kinabalu, Sabah. It offers panoramic breathtaking views of Tanjung Lipat Bay, Gaya Island and the South China Sea.
With easy and quick access to Kota Kinabalu city centre and Likas, the neighbourhood is surrounded by 17 schools and colleges, the Likas Sport Complex, Waterfront Parks, Damai Commercial Centre and many others.
One particular unit on sale is this penthouse unit located on Levels 26 to 28 of the condominium. With a huge built-up area of 6,016 sq ft, it features 5 rooms, a family area, 1 study, 1 maidroom, 8 bathrooms and 4 Car Parks. It is on sale for RM6,000,000.