Can a foreigner buy malay reserved land in Malaysia? If the said foreigner wants to joint purchase the land with a Bumiputra family member what are his options?
Posted by Afifzamri on Jan 5, 2012 | Views 2510 | Category: Investing in Malaysia
Lucas Tan Kit Shih replied on Jan 6, 2012:
I'm afraid the only answer to that is no. Because a malay reserved land can only be owned by a bumiputra. Even a non-bumiputra Malaysian can't own it.
Joint ownership of the land with a non-bumi is not allowed.
Unless you have means to convert such land to a non-reserved land (which is a great feat in itself), there is no direct legal means to have ownership or interest in such land.
Lucas Tan 6012-3862722
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