Negeri Sembilan, Malaysia
Negeri Sembilan (also known as NS) is a state of Malaysia that located in the central region of the country peninsula. Negeri Sembilan is bordering Kuala Lumpur and Selangor, and it seems more like suburbs to the Greater KL metropolitan area. The population of NS is around 1.1 millions, and many of its population commute daily to Greater KL for study and work, via the KL-Seremban Highway and the KTM Komuter trains.
As for the real estate market, Negeri Sembilan has more affordable properties compared to its neighbouring urban areas Kuala Lumpur and Selangor. Due to this, many people actually live in Seremban, the capital city of the NS, and commute daily to study and work in neighbouring cities. Besides, many urban dwellers from Greater KL also own holiday apartments and bungalows in the resort town Port Dickson, as it is the only beach town in the central region.
The following shows the property transactions in NS over the last few years:
The purchase restrictions of properties by foreigners in this state is similar to that of Kuala Lumpur, which is a minimum purchase price of RM1 million, as the state government hasn't imposed any additional curbs and taxes besides those of the Federal government. The popular property investment hotspots here are mainly limited to Bandar Sri Sendayan, Port Dickson, Putra Nilai, and Seremban 2.