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Property Investors Resort To Spectacular Sabah
April 7, 2009Article by Ray Withers
Sabah, Malaysia Borneo is one of the top Pacific destinations for adventure holidays.
Sabah, once the UK colony of North Borneo, let’s visitors experience tropical forests, deep caves, mountains and diving – and for the less adventurous, huge expanses of white sand beaches slope in to the blue South China Sea. The secret of the fabulous destination is out and 2.5 million visitors with a taste for adventure arrive each year from around the world.
The Malaysian government is tempting even more visitors to sample the state’s delights by investing in a second terminal capable of handling an additional 2.5 million passengers a year at the main airport.
Sabah is just three-hours from Singapore and Hong Kong while Tokyo, Shanghai and Sydney are only a six-hour hop. According to official tourist statistics Sabah is a place where people love to keep going back to – with 40% of visitors having been to the resort at least once before.
Hotel occupancy is a sky-high 72% and tourism officials estimate there is a lack of 3,000 beds in the resort, making the area ripe with all the ingredients for successful Sabah property investment –
* Stunning, spectacular natural scenery and climate
* High investment in tourist infrastructure
* Increasing visitors – with 4 million forecast for 2010
* A huge undersupply of quality accommodation
One of the luxury resorts under construction is Nexus Residence at Karambunai, Sabah.
Properties at Nexus Residence have a five-year 7.25% guaranteed income structure and should have a significant capital return as the tourist economy builds. Malaysian real estate investors can secure a one-bed roomed villa for £122,000 and a two-bed roomed villa with a balcony for £157,281. Beachfront villas are fully furnished. If required, up to 50% loan-to-values mortgages are available, making the minimum cash investment £61,000 cash plus purchase costs. Besides being an exotic location, Sabah offers a truly cosmopolitan diversity with a population of 30 distinct ethnic indigenous groups speaking 100 different dialects resulting from centuries of migration, mixed marriages, pirate raids, isolation and trade.
Called the “Land Below the Wind”, a name deriving from Sabah’s location below the typhoon belt of East Asia, the island is one of the premier tourist destination in the region.
Even ecology professor, author, and documentary producer Ralph Bellamy, has christened called Sabah, the “Nature Hollywood” of the world. Sabah’s natural wonders the highest mountain in South East Asia – Mount Kinabalu (4,093 metres), and the world’s only mushroom-shaped island, much loved by divers.