Generally, a foreigner can purchase residential properties (both apartments and houses) that are priced above RM 1 million throughout Malaysia. The exceptions are; in Melaka, a foreigner may purchase strata titled residential units above RM500,000 while in Selangor, a foreigner is only allowed to purchase strata titled apartments or gated housing above RM2 million.
There are state levies imposed on foreigners on the purchase price of properties in Penang (3%), Melaka (2%) and Johor (2%).
For investment where there is a strong rental market, most foreigners purchase properties in the Federal Territoiy (commonly known as Kuala Lumpur)
You may purchase the property in cash or you may borrow a loan of about 70% to 80% of the purchase price from a bank in Malaysia depending on the source and amount of your income to substantiate your credit worthiness.
I have advised a few Singaporeans and foreigners who had invested in Kuala Lumpur through my advise over the years. Please do email me at davidwong@quantumrealestate.com.my for further advise or my mobile contact at
+60193330573
Thank you
David Wong
Licensed Agent (E2097)
QUANTUM REAL ESTATE - E(3)1320
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