Sabah is one of the only two states of East Malaysia that is located in the Borneo region side of the country. Sabah is a very popular tourist destination among tourists from around the world, as it features the highest mountain in South-East Asia and some of the best diving spots in the world. The population of Sabah is around 3.5 millions, and it has a diverse population with races that consist of Kadazan-Dusun, Bajau, Chinese, Malays, Murut, Filipinos, and Indons. Christianity is a major religion here, as it is practiced by many Sabah indigenous groups.
As for the real estate market, Sabah has one of the more vibrant housing markets compared to its counterpart Sarawak, especially in its capital city Kota Kinabalu. Furthermore, the properties here are very cheap compared to West Malaysia, however foreigners can only buy properties priced above RM1 million.
The following shows the residential property transactions in Sabah over the last few years:
The economy of Sabah depends mainly on tourism, as it has some of the best tourist spots in the world with a very pleasant tropical climate all year long. For example, Mount Kinabalu is the highest mountain in South-East Asia and is very popular among climbers and hikers, while Sipadan Island has been voted as one of the best diving spots in the world. However, there has been an increase in kidnapping cases of Chinese tourists in recent years, consequently Chinese tourist arrivals have dropped drastically.
Latest Sabah for sale listings:
Latest Sabah for rent listings:
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