Selangor Properties

Posted by on Nov 21, 2010 in Real Estate News

Selangor or Darul Ehsan, or “Abode of Sincerity,” is the most populous among the 13 states of Malaysia. Its state capital, Shah Alam is the first city in Selangor. In terms of GDP or Gross Domestic Product, it is the richest state in Malaysia; thus, it is known as the most progressive state among the 13 states of Malaysia.

Its industry focuses on commerce and agriculture and its growth and progress has opened up opportunities for the international factories to open in the area. Among these factories, that are now counted among Selangor Properties are Subang Jaya, Shah Alam, Klang, Kajang, Rawang, Selayang, and Ampayang Jaya. A lot of foreigners from nearby countries like Indonesia, China, Vietnam and Bangladesh have migrated to Selangor to work.

Although tourism has not been the focus of Selangor’s progressive economy it has been also becoming popular because of the Sepang International Circuit, Sunway Lagoon and Kuala Selangor. There are also a number of shopping malls that are visited by both tourists and local residents. Some of these Selangor Properties are The Curve, Ikano Power Centre, IKEA, Damansara Utama, Sunway Pyramid in Bandar Sunway, Mines Wonderland, Subang Parade, Empire Shopping Gallery and Summit USJ in Subang Jaya. There is also IOI Mall in Puchong, Bukit Tinggi and Bukit Raja Shopping Centre in Klang, Plaza Alam Sentral and SACC Mall in Shal Alam.

The industrial and economic progress of Selangor Malaysia has paved the way for the population to swell, as such, the demand for housing properties has also increased. Investors have also been lured to invest in Selangor due to its rapid technological growth.

If you are looking to buy or rent Selangor Properties, there is a standard procedure that you should study that applies in all of Malaysia. Some of the clauses of this SOP are:

• Pay 3% of purchase prices as initial deposit
• 7% of purchase price to be paid 14 days later
• 90% of the purchase price 3+1 month later.

Foreigners who are keen to purchase a property in Malaysia are subject to approval by the Foreign Investment Committee. You can visit their website, for more inquiries or call their hotline at (603) 8888 2929

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