Melbourne feels like Chinatown, which I believe why the country is thriving so well. If Malaysia wants to catch up, get more China Chinese into the country. So many of our own Chinese are leaving, and if this continues on, the country will soon be crying and asking for China for help 😂 so many clever Malaysians are offered scholarship overseas, why would they stay here? Just to fight for UM's non-bumi quota kah 🤭

You’re preaching to the choir dude. Even Indonesia is trying to retain Chinese wealth and influence. Whatever is happening here is a deep rooted insecurity and divide & conquer politics.

There was not much understanding of what was happening here internationally cuz they were trying to paint a rosy picture but it’s been unravelling for some time.

Discrimination politics do not work in this decade when many corporates are meant to be opposed to it. Identity based consumerism is one step away where products will be punished based on where they are manufactured based on underlying discriminatory principles.

Apartheid was over 20 years ago and it seems stronger in this country than ever before. If we go the way of Iran or Zimbabwe it’s game over.

This post has been edited by Cavatzu: Mar 1 2023, 07:54 PM

get more China Chinese into the country???

good luck with that...

now also playing up the issues...
these fellows didn't leave the country...
gotten Malaysian IC... bla bla bla shit story

political issues...

KLCC is being sandwiched by TRX and 118, basically it's old vs new, make your choice

Most if not all PRC bought poorperly in this country are under water. Doubt many will consider here.

esp that Forest City Project

True, my expat friends have moved to SG, Thailand, Indonesia and Vietnam since Covid time.
They are working and enjoying life there.
Less politic and friendly regulation and people.
No one will bother you with racist issues.

the bolded part is so true..

it's the biggest mistake by Malaysia...
if these reduced or no more.... then we can be quite competitive

our food is like heaven...
many people loving it... esp foreigners...

but because of those above issues stated...
they feel not worth the hassle...

No need go far far.
Just learn from Sabah and Sarawak.
They can live and eat with each other without any issue.

ahh YES.

but it's slowly changing too...
thanks to influences from malaya side... esp those fed gomen staff posted in these 2 states...
that's what I heard....

Lol, Semenanjung also need passport to masuk there la, ngog dok dok

Sabah and Sarawak can achieve harmony because the majority of the people are REAL bumiputeras who drink, eat and gamble together with everyone. They might not have modern infrastructure but their mindset is definitely not backwards.

Been to Sabah very recently. People there no matter of race and religion live in harmony. Please dont bring West Malaysia toxic racist agenda there.


Back to the topic, I dont think there are as many expats here compared to pre pandemic times and that explains the drop in demand and hence drop in rental yields. For the rentals they are paying, no sane local would follow suit.

This post has been edited by TOMEI-R: Mar 3 2023, 06:08 PM

Expat rental is mostly paid by company.

Yes.
Not many left here..

All left for their home country or went to Singapore... For better jobs & lifestyle...

These fellow previously paid premium rentals... Which somehow "spoiled" the market... Owners happy because getting more from this people...

Now when after pandemic over....
Rentals yield all drop... Especially in those hotspot of expats... Thus u see KLCC like slowly "dying" 😁

The owners should be not be expecting expat rental rates from locals anyway. Either they accept the affordable range now or leave it idle

Many novice landlords failed to realize; leaving poorperly idling for additional months is worst off than accepting marginally lower rental over a typical tenure. insisting on high rental will only benefit competiting landlords.

This post has been edited by icemanfx: Mar 4 2023, 04:58 AM

Correct me if I’m wrong.

The types of expats we get nowadays are typically academic, tech or lifestyle. With perhaps the occasional C suite. OnG expats are virtually non existent.

Academic are your teachers/lecturers in International Schools or private colleges. I believe they get subsidised housing to the tune of 4K per month. Even then may not be true anymore.

Tech usually South Asians but can be diverse will have fairly higher wages than your average local due to specialised skill set but be concentrated in areas like Sentral and Bangsar South.

Lifestyle will encompass your East Asians moving here for children’s access to schooling whilst maybe building up a business or still holding down a job in their home country. Digital nomads are the budget version of these.

There are the occasional senior management rep who are posted here for MNCs to head up teams etc. Though perhaps not quite as buoyant as before?

Until there is a run on OnG prices, doubt you will see the heady highs of 10 years ago when mining execs were on big packages.

This post has been edited by Cavatzu: Mar 4 2023, 07:59 AM

Leave it idle is kinda bad decisions but many does that...

Accept lower rental, at least have some $$$... Vs leave idle...
Nowadays every ringgit is counted...

I can only say the market will correct itself overtime