Malaysia my 2nd home, more Japanese to invest in property in Penang

Japan folk scouting for overseas property to invest in

GEORGE TOWN: More Japanese investors are expected to scout for property in Penang this year because of fears of another round of natural disasters in their country.

Tropical Resort Lifestyle (MM2H) Sdn Bhd managing director Shotaro Ishihara said more Japanese were now scouting for overseas property to invest in and to relocate.

Ishihara, whose company promotes Malaysian property in the Japanese market, said Penang real estate was an attractive investment because it cost less than property in Kuala Lumpur, Hong Kong, Singapore and Japan.

“However, only a small number of Japanese have bought residential property in Penang.

“This is because Penang is known in Japan as a holiday resort and not as a property investment destination. The rental yield is also still not attractive,” he said.

Ishihara said the Japanese media should be roped in to help promote property in Penang.

About 1,500 Japanese expatriates work in Penang while some 600 more live in Penang under the Malaysia My Second Home programme.

The property rented or bought by the Japanese are usually condominiums in the residential neighbourhoods of Pulau Tikus, Tanjung Tokong and Tanjung Bungah, all priced from RM500,000.

In the last few years, Tropical Resort has helped to sell about 200 condominum units in Kuala Lumpur and Penang to Japanese investors, priced between RM600,000 and RM1.8mil each.

Reports by ISABELLE LAI, DAVID TAN and HAFIZ MARZUKHI

More Japanese opt to live in Malaysia

Reports by ISABELLE LAI, DAVID TAN and HAFIZ MARZUKHI

PETALING JAYA: The Japanese have overtaken Iranians in making Malaysia their second home, snapping up properties in the Klang Valley and other urban areas.

According to the Malaysia My Second Home Centre, Japan has been the top participating country since last year, when the country was hit by a tsunami and a nuclear crisis in Fukushima.

Malaysia's political stability and economic growth are said to be a big draw.

Feeling at home: Hiroko Hirano, 64, and her husband Hiroyuki Hirano, 67, watering plants at their home in Glugor, Penang. They find it an ideal place for a second home. — ZHAFARAN NASIB / The Star

MM2H statistics showed that the number of Japanese applying to participate in the programme doubled from 195 in 2010 to 423 last year. A total of 787 Japanese applications were approved from 2009 to last year.

The Chinese jumped to second place last year, with 405 applications approved.

The Iranians, who topped the list from 2008 to 2010, dropped to third place last year and fourth this year, below the Bangladeshis.

As of March, 18,090 foreigners have successfully applied to participate in MM2H.

The rise in Japanese applicants followed the announcement of Tourism Minister Datuk Seri Dr Ng Yen Yen in late 2010 that Japanese senior citizens were welcome to make Malaysia their second home.

She had said the number of Japanese aged 65 and above was increasing, and living in Malaysia was ideal due to its strategic location, advances in medicine and cheaper living costs.

Real Estate and Housing Developers Association president Datuk Seri Michael Yam said Malaysia, as part of its Look East policy in the past few decades, had focused on making living here convenient and comfortable for the Japanese.

This, he said, included the setting up of a Japanese School in Kuala Lumpur in 1966.

The school is the fifth oldest Japanese school overseas, with spacious premises that include a kindergarten and primary and secondary schools.

Such initiatives had helped to build a cordial relationship between the two countries, Yam said, adding that there were many Japanese investors in Malaysia today.

“These people used to work in Malaysia. When they went back, they probably thought that this is not a bad place to have a second home, especially since it is one of the cheapest places to live in,” Yam said.

He noted that Malaysian condominiums now incorporated a “sprawling lifestyle complex” approach, which includes amenities such as big swimming pools and tennis courts.

“You get good value for money, which you don't necessarily get in other countries, which are more densely packed,” he said, adding that Mont Kiara, which is popular among expatriates, was one of the biggest Japanese enclaves in the country.

According to the Japanese Embassy, the earthquake and tsunami which happened in March last year were another “push factor”.

Japanese Ambassador Shigeru Nakamura said there were about 1,000 couples who have made Malaysia their second home.

Couple finds Penang ideal for second home

Reports by ISABELLE LAI, DAVID TAN and HAFIZ MARZUKHI

GEORGE TOWN: While many foreigners look upon Penang as a tourist destination, a Japanese couple feel the island is ideal for a second home.

Hiroyuki Hirano and his wife Hiroko love everything about Penang so much that they have no plans of moving elsewhere at the moment.

The 67-year-old hardware products quality control consultant moved to Penang in 2007 when he was offered a job here.

Time together: Hiroko helping her husband Hiroyuki wash their car at their house in Minden Heights in Glugor, Penang. 

“As I had visited Penang previously, I had no hesitation taking up the job offer,” Hiroyuki said at his rented house in Minden Heights.

He loves the local cuisine such as Hokkien mee and roti canai.

“I also like nasi lemak and char koay teow,” Hiroyuki added.

Hiroko, 64, a professional dollmaker, said Penang's warm climate suited her and her husband.

“If the weather is too cold, we may get joint pains. Penang's weather suits us perfectly,” Hiroko added.

Asked if they intend to buy property in Penang, the couple said that one of their sons, who is working in Kuala Lumpur, had plans to buy a house.

“We are comfortable in our present home as the neighbours are nice and friendly and the environment is peaceful,” Hiroko said.

Japanese businessman Takayuki Kaneko said he was looking to buy a condominium in Pulau Tikus, Tanjung Tokong or Tanjung Bungah.

“I have lived in a condominium here for seven months with my wife and two daughters. As I am here for the long-term, I want to have my own property.

“Pulau Tikus, Tanjung Tokong and Tanjung Bungah all have easy access to shopping malls, schools, hospitals, restaurants and hotels,” he said.

Reaping rewards from hot crop grown at home

ALOR SETAR: There seems nothing outstanding about a double-storey terrace house in Lorong Kelompang here.

But take a closer look and you will see leaves from rows of chilli plants on the balcony of the house.

Although the view from below only shows about 15 chilli plants, there are actually 260 of them along the 15.2m-long balcony over the front porch.

The plants are a source of extra money for house owner Eang Ah Seng, 72, as well as a way to keep fit.

Passionate farmer: Eang harvesting chillies on the balcony of his house in Lorong Kelompang, Alor Setar, yesterday.

 

Some of the plants are in plastic bags while others are in rows of pots that Eang and his wife Kee Mei Choo, 70, painstakingly hauled up from below using a bucket.

Eang said the chilli plants were planted about three years ago.

“At first I planted them in front of the house but flash floods and pests damaged them. I then moved the plants to the balcony and they have been there since,” he said.

Eang, who owns a fruit orchard in Changkat Jering, Perak, said he got the chilli seedlings from there and decided to plant them at his house here.

The father of nine children aged between 30 and 50 and a grandfather of 16 with one great-grandchild, Eang said he had worked as a farmer for about 40 years.

Although he has left his fruit orchard in Perak in the care of his workers, he still plants small plots of vegetables at his house here.

“I extended the balcony from about 1.2m to 15.2m about seven years ago. At first, I planted bitter gourd and long beans. Later, I switched to chilli,” he said.

Eang said he collected the chillies five times a month and sells them at several wet markets here.

He also sends some to his daughter, who operates a restaurant in Butterworth.

For each harvest he collects about 17kg of chilli and sells them at RM15 per kg.

Taking care of the plants has provided him with much needed exercise.

“I tend to the plants each day including watering and trimming them. This act is a good exercise by itself,” he said.

Eang said besides farming, he is also involved in construction.

“I renovated the balcony myself. I have also done construction work for friends,” he said.

Kee said her husband has been passionate about farming since they got married.

Initially, they lived in Tunjang where Eang planted vegetables to support the family.

“He has no serious illness and farming keeps both of us busy every day,” Kee said.

By EMBUN MAJID embun@thestar.com.my 

From Idea to Business: Persistence is Critical

In honor of Entrepreneur Month, today’s column is an excerpt from my newest eBook, The Characteristics of a Successful Entrepreneur, premiering on Amazon this week.

There is no impediment that seems too great for a successful entrepreneur

Persistence is a vital characteristic of successful entrepreneurs. Driven by an indomitable spirit, successful entrepreneurs never give up on their dreams of building a viable business. There is no impediment too great. This unflagging attribute is a key characteristic of triumphant business builders.

Entrepreneurs face and tackle bewildering and potentially catastrophic situations. They possess courage, hope and a deeply held belief that they can survive the moment and continue to prosper. Personal strength, greatness, self-confidence, maturity and wisdom are by-products gained through unfathomable adversity. It has been said that men become great mariners when sailing on troubled waters, not calm seas. The same axiom applies in the business world.

Serious hardships may be financial in nature. They might also be employee-, client-, vendor-
 or investor-based. They may arise through human error or market conditions. I can see, in
 my mind’s eye, the depressed face of an entrepreneur who can’t make payroll or has just lost a substantial client. I can sense an owner’s profound frustration upon learning a product has failed and there is a lawsuit to manage. We can empathize with a founder’s pain when there has been a fire, theft or betrayal. Consider the emotions felt with the death of a spouse or key employee. These occurrences are severe, somewhat common, and require a powerful and thoughtful response.

During my forty years in business, I have experienced several situations that elevated my blood pressure and caused sleepless nights. They were emergencies that had to be resolved or the business would fail. I can recall with clarity, in the early days of MarketStar, a small technology client in Canada that would not send payment for the services we had rendered. Cash from the client was critical to our continuance as a startup company. We had to have the money the client owed us to survive. I repeatedly called the client’s president. I sent multiple messages via fax. He would not respond to my pleas. I was desperate. I wondered what I should do.

I decided to fly to Vancouver to meet him at his office, unannounced. He was startled to see me. “I’m here to collect payment,” I said. “I won’t leave until I have a cashable check for $50,000 in my hand. I will sit in your office as long as it takes.”

A few minutes later, I had what I had come to obtain and returned home satisfied with my actions and the results. Gratefully, MarketStar would not be added to a long list of defunct businesses. A treasured personal motto learned in my youth served me well: when the going gets tough, the tough get going.

For some heavy-laden founders, the obstacles are insurmountable and they quit. The dream they pursued comes to an inglorious end. As I visit with former entrepreneurs I have learned that immobilizing doubt and fear rule their thinking. They become paralyzed and unable to act. Disheartened, they feel helpless. They can see no good options, no appropriate answers to their state of affairs.

Having started and failed at four startup businesses myself, I can authentically sympathize with their dilemma. In many cases, the best decision is to turn out the lights and close the doors. For dedicated and persistent entrepreneurs, business failure teaches invaluable lessons — lessons that can be applied in the next venture. Entrepreneurship is a lifestyle; it’s an everlasting journey.

Most successful entrepreneurs have started and stopped several ill-conceived enterprises. I know of only a few lucky executives who have launched an award-winning business in their first try. Most of us need multiple attempts. We are, by nature, persistent souls.

If you plan to start your own business or you run one now, may I provide a few suggestions to help you when the going gets tough?

1) Don’t panic. Don’t give up. Be at peace. Have faith. Know you will develop an answer.

2) Take time to ponder and understand the situation. Obtain all the facts. Find out what happened and why.


3) Consider every option and every possibility to solve the problem.

4) Invite a trusted mentor to advise you on the matter.


5) Engage employees who can help.


6) Make a decision, then act.


7) Evaluate the results. If they are unsatisfactory, try something else.

Great leaders are survivors. They have weathered life’s stormy seas. They have moved heaven and earth to accomplish their business goals. They will never give up.

Alan Hall, Forbes Contributor

Speaker, author, investor and catalyst for entrepreneurial growth.  

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