Malaysia is currently a good buy for foreign property investors, reports South China Morning Post (31 August 2020). Thanks to its great weather, fantastic food, low cost of living and widespread use of English, Malaysia is hoping to entice foreign investors. In an effort to improve economic growth through increased foreign direct investment into Malaysia, the Ministry of Finance is lowering the threshold for foreign ownership of high rise property from from one million ringgit (USD240,000) to 600,000 ringgit (USD144,000). Kashif Ansari, group CEO at IQI Global, says, "The government wants to provide stimulus to the property market at a time of great global economic uncertainty and travel restrictions. Developers in Malaysia know how to cater to both local and overseas buyers in terms of the amenities and fixtures that they offer. Reducing the minimum price will increase demand."