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Is there another city that is just at the verge of taking off, and can deliver what China real estate delivered in the past 15 years? (looks like about 25% return annually)
There has been some talks about Vietnam being the next "world's factory", is HCMC it?
Or I notice Foxconn is opening plants in India's Chennai. Is that a sign?
Is Chambodia up and coming? Are they in that investment sweet spot yet?
Of course China could still be it; but the prices are just so high already.... They are even higher than US. Can they continue to rise at such high pace?
Currency: Ringgit has depreciated so much but recently it stabilised quite a bit. Maybe a slight bounce back against the US dollar this year?
Economy: GDP is not growing as fast as other ASEAN countries, but given Malaysia starts from a higher base, the growth at 4-5% is not that bad
Population: Growing rapidly especially around KL
The best bet to me is a condo near KLCC, but I've heard that it's difficult to rent out your condo and there's oversupply of it. So I'm still hesitated to take any action
That would be true maybe a couple of years ago, but the housing prices have been steadily decreasing since 2016. It's still extremely expensive, but it's no longer a good investment.
China has an extreme housing market bubble, due to the government pumping billions and billions in this industry.
However, the best city to invest may also depend on the political and socio-economic circumstances, not only prices (are you allowed to invest as a foreigner?). Vietnam may be a good choice, but also selected areas in Indonesia, the Philippines, Malaysia. There are several other countries who may experience significant growth (from a low standard) but do not really provide good investment options for foreigners.
I know people investing in Thailand, but to some it is already too much of a premium. I've heard Cambodia, depending on strategy, can produce better yield.
You can move to UAE where Dubai is becoming world's best tourist point and you can also find world's best architecture for model making just like PAM Models.
China has the best returns, but its so tough to time the market and everything is already expensive. When you factor in the risks of the real estate market, I would avoid China, in my personal opinion.
If you insist on China, you need to look at 2nd and 3rd tier cities. An example would be my wife's sister who bought an apartment in Hefei, Anhui China early 2016 and house prices went up 50% within 1 to 1.5 years already.
Timing is everything
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