Malaysia’s Desaru Coast is the next hotspot for real estate investors to watch, according to a study conducted by Juwai, an international property market platform.
The study also revealed that Malaysia is currently ranked amongst the top five countries that Asian real estate investors prefer, while the state of Johor—where the Desaru Coast is located—is in the top five buyer destinations within Malaysia.
This news will come as no surprise to seasoned real estate investors who have had their eye on the market for a long time. Recent economic and infrastructure developments on the coast have created an ideal luxury destination that houses beachfront hotels and private properties.
“The current global pandemic has reshaped the real estate market in destinations like Desaru Coast that benefit from a prime beachfront location, luxury offerings, and connection to major cities,” says Micah Tamthai, vice president of real estate at Minor International, a multinational hospitality, restaurant and lifestyle company.