Malaysia’s Desaru Coast is the Next Prime Property Investment Spot in Asia: Study
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 Mr. Micah Tamthai, Vice President of Real Estate at Minor International, a multinational hospitality, restaurant and lifestyle company.
“It has underscored the importance of nature and space, wellness and well-being, and working or running a business from virtually anywhere. All of these trends have positively affected demand for products that address them—including our Anantara-branded luxury residences.”
A March 2021 market report by Horwath HTL, the world's largest hospitality consulting brand, revealed that market occupancy should reach 50 percent by 2022, while occupancy is expected to jump in 2023 to 63 per cent.
(Related: London is the Most Popular City to Purchase Ultra-Luxurious Residential Property: Survey)
Desaru Coast is currently home to four luxury resorts and hotels including One&Only Desaru Coast—the brand's first resort in the region that also has 50 private homes for sale. Besides these relaxing havens, the location's proximity to Singapore is a draw for travellers and house hunters looking to trade up. The getaway destination also features an adventure waterpark, two championship golf courses, various riverside dining spots, a waterfront retail village and a convention centre.
Through a multi-billion-dollar plan, the Malaysian and Johor state government intend to further develop the premium integrated area. Planned infrastructures include the addition of additional retail spaces, potential wellness or retirement villages, as well as a ferry terminal that’ll provide direct access to Desaru Coast from Singapore and the Batam and Bintan Islands in Indonesia.
(Related: Vaccine Certificates: Singapore and Malaysia to Work on Establishing Cross-Border Travel)