Property in Malaysia for sale and rent | Buy, Rent and sell real estate and homes

what are the rules and regulations for foreigners to invest in Malaysia?
is the paperwork and clearances etc esy?
does the ownership come with the needed visas to live and work in Malaysia etc?

I am a foreigner and have bought some properties.

Over the last few years the rules and regulations for foreigners have become relaxed in Malaysia. Now it's very simple. Foreigners can buy any property they want in Malaysia subject to State Authority consent(subject to a certain minimum price dependent on the relevent state authority), which takes about 1-3 months depending where the property is.

So once you've put down your 10% on your property, you make this application to the State Authority, and there is a 99.9% chance it would get approved - it's just a formality.

That's it. That's the only difference between a foreigner and local buying.

Answering your second question about ownership coming with Visa. No, a visa and ownerhsip are independent. To make life confusing the Malaysia My 2nd Home (MM2H) program write-up by the government states that if you are approved for the program you have the right to buy two or so houses each bought for over a certain amount. It is a fact that you have the right to buy two properties anyway. You don't need to be on the MM2H to buy any properties.

Hi, I am an expatriate willing to buy an apartment in the Selangor area. What should be the minimum cost of the property in the seleangor region?
And how much is the downpayment?
Can anyone help me with this?
Thanx and Regards

Niranjana

Your first question, I can't answer that well because I tend to deal with higher-end properties. Just have a look at the apartments in this website and you'll get a fair idea. Remember that there is a minimum price of an apartment that a foreigner can buy.

The downpayment would be an absolute minimum of 15%, but it's more likely to be 20-30% depending on your credit and the bank. Add around 5% transaction costs on top of that.

The answer is yes, but there are certain conditions. Besides, acquiring loans is also more difficult for foreigners.

Try Malaysia My Second Home, you may have better luck.

Malaysia My Second Home will likely not help in this regard. Malaysia My Second Home is a program anabling people to stay in Malaysia for a long-term - it would requre you to give a large deposit in a bank account, and it would also require you to go through other procedures.

If you want to buy a house, just do it outside the MM2H program. If want to migrate to Malaysia, then look at the MM2H.