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hi Gurus, I am foreigner who is working in Malaysia with Employment Pass.
My gross income per month is more than RM 10K.. Can I buy the house below 1 million in KL ? Any chance that could happen ?

Thanks !
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4 Answers

<en>Muhammad Shahrul Ridhwan</en> <en>Mehamad Nasir</en>
Good afternoon, I'm Shah, Real Estate Negotiator from ACEAKL Estate agency. There is couple of consent that you need to know if you wanted to buy property in Malaysia, specifically KL. Foreigner cannot buy : 1. Properties valued less than RM1 million. 2. Low and medium cost residential units as defined by state authority. 3. Properties standing on Malay Reserved land. 4. Properties distributed to Bumiputera interest in any property development project as determined by state authority. Generally speaking, a minimum value of RM1 mil is applied for you to purchase. For your first house in Kuala Lumpur, only 70% MOF (Margin of Finance) can be given, but if you're married with Malaysia citizen, 90% can be given. In this case, the spouse will be required to take part in the loan financing to enjoy MOF as high as 90%. Feel free to contact me via Whatsapp or Call me at +60172657503  (Shah). I will guide you to get your first properties in Malaysia. Your Trustee Realtor, Shah (REN29515) 017-265 7503  *Please leave a message if your call is not answered* I am happy to assist your inquiries related to any property matters. Real Estate Negotiator ACEAKL (ESTATE AGENCY) KL SDN BHD (Syarikat Agensi Hartanah Berdaftar & Berlesen) E-mail : shahrul.aceakl@gmail.com Read More
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<en>Elvie</en> <en>Ho</en>
For KL its stated 1 million and above.no way you can buy below 1 million.Contact me at 012-3033788  and I can help you search for properties around 1 million Read More
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<en>Marilyn</en> <en>Khor</en>
Greetings from Ohmyhome Realtors. We are able to assist you on this matter. For more information, you may contact or whatsapp us at 019-2665593  Read More
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