The Cost of Living in Malaysia as it is a newly industrialized country. Due to currency depreciation, commodities and housing are cheaper in the country. Its capital city, Kuala Lumpur, has become a shopping destination for clothes, electronics and other consumer goods.
The Malaysian government is providing for the needs of expatriates. Buying new cars or items are not taxed including the ones brought from outside the country. Banks also give loans for housing and business. Malaysia now has a GDP amounting to over 300 billion euros. The Malaysian economy is projected at a GDP growth rate of 5.3%.
Entry to Malaysia is normally refused to visitors holding passports with less than six months’ validity.
Bahasa Malaysia is the national language of the country. However, as Malaysia is a former British colony, English is widely used, especially in the city centres. The different ethnic groups also continue their cultural heritage of speaking Mandarin and Tamil, with vernacular schools available together with public schools in the country.
Malaysia is well known for its range in variety and quality of food. Step into a shopping mall and you have easy access to a cross-section of local Malay, Chinese and Indian fare – with the added international flavour of Italian, Japanese and Middle Eastern cuisine. Whether it is fine dining or fast food chains that appeal to you, your taste buds will always be spoilt for choice.
Costs of Food and Drinks in Malaysia
Housing Costs in Malaysia
Living in Malaysia is cheaper as compared to many other countries in the world. Taxation in Malaysia is kept at a very lower rate and due to currency depreciation, housing, food, traveling etc. are cheaper in the country.
Also Read: 10 Interesting Facts about Malaysia