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Buying Property In Malaysia

BUYING A PROPERTY IN MALAYSIA
6 December 2007

INTRODUCTION OF MALAYSIA

Malaysia is one of southeastern Asia (ASIAN) country and located in Southeastern Asia, peninsula bordering Thailand, northern one-third of the island of Borneo, bordering Indonesia, Brunei, and the South China Sea, South of Vietnam. Malaysia had colonized by Great Britain during 18th and 19th centuries. It also occupied by Japan from 1942 to 1945. After two years later, Malaysia got an independent from Great Britain in 1957.

During the term of Prime Minister Mahathir bin Mohamad (1981-2003), Malaysia was successful in diversifying its economy from dependence on exports or raw materials, to expansion in Manufacturing, services, and tourism. Malaysia total area both land and water is 329,750 sq km. The capacity of Malaysia is Kuala Lumpur. The biggest group of religion in Malaysia is Muslim and other religions are Christian, Buddhist, Hindu and Confucianism, Taoism, and some traditional Chinese religions. Malaysia official language is Bahasa Malaysia and second language is English.

The government type in Malaysia is constitutional monarchy. Country nominally headed by paramount ruler and a bicameral parliament consisting for not elected upper house and an elected lower house. Malaysia has 13 states and the powers of states governments are limited by federal constitution and under terms of federation. Malaysia has two representatives of constitutional prerogatives, there are Sabah holds 25 seats and Sarawak holds for 28 seats. The legal system in Malaysia is based on English common law.

The economy overview of Malaysia is a middle-income country. The most particularly export is electronics. As a result, Malaysia was hard hit by the global economic downturn and the slump in the information technology in this 20th century. According to the CIA report the economy of Malaysia has grew 4.9% in 2003 and growth topped is 7% in 2004 and 5% in 2005. Oil and gas are the higher world energy...