The first “Little Japan” township of Malaysia could be developed by Japanese investors in a project that hopes to attract 2,000 active Japanese to live, work and do business in the country.
The place would be a self-contained township, with restaurants, spas, medical facilities and homes.
The project is run by Global Asia Assets, a consulting company for Japanese investors. Fujimura Masanori, chief executive of the company, says that in the last year about 70 Japanese have moved to Malaysia under the “Malaysia My Second Home” program.
More than 360 Japanese investors have bought commercial and residential properties and plan to move permanently to Malaysia, he added.
“In view of the overwhelming response, we are eager to kick start the “Little Japan” project in Taman Molek where Japanese individuals are expected to invest over RM500mil ($163 million) in landed houses and luxury apartments over the next few years,” said Fujimura.