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In Malaysia, the average occupancy rates for serviced apartments and condominiums hovered around 80% in major cities prior to the pandemic, reflecting a vibrant market for rental properties. Condominiums, often referred to as condos, stand as a popular rental choice among expatriates and locals alike due to amenities such as security, maintenance, and recreational facilities….
Essential Renting Tips in Malaysia
In Malaysia, an average urban dweller spends approximately 30% of their income on rent, making it a significant financial commitment for residents. Renting accommodations in Malaysia is a common practice, particularly among expatriates, students, and young professionals who prefer flexibility over the long-term financial commitments associated with buying property. Historically, Malaysia’s property rental market has…