China’s middle-class dream of a second home in Malaysia dashed by coronavirus and geopolitical tensions

//China’s middle-class dream of a second home in Malaysia dashed by coronavirus and geopolitical tensions

China’s middle-class dream of a second home in Malaysia dashed by coronavirus and geopolitical tensions

Patricia Li is dismayed and saddened by the exodus of Chinese people she is witnessing in Johor, the southernmost state in Malaysia.When she moved to the tropical Southeast Asian country from Yunnan province in 2017, the outlook was bright. Thousands of middle-class Chinese investors were flocking to Malaysia to buy property and secure a second home beyond China’s borders.A number of Chinese developers have also invested heavily in Johor, promoting its proximity to Singapore and developing real…

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By | 2020-09-20T04:00:16+00:00 September 20th, 2020|Headlines|Comments Off on China’s middle-class dream of a second home in Malaysia dashed by coronavirus and geopolitical tensions