While there isn’t a nationwide definition of properties that foreigners can buy in Malaysia, there are 3 types of property that foreigners are not eligible to purchase:
- Properties built on Malay reserved land
- Properties defined as low-cost or medium-cost affordable units as defined by the state
- Properties allocated to Bumiputera groups as part of a development project
There are foreign property ownership limits (minimum price) in the different states in Malaysia. Some states in Malaysia also charge levies for foreign property purchases. This article provides a quick reference on the limits and rules in the different states: https://www.propertyguru.com.my/property-guides/complete-guide-to-foreigners-buying-property-in-malaysia-30975
All property purchases in Malaysia are subject to stamp duty at the point when the SPA is stamped, and of course, there are legal fees too.
Do note that the Malaysia My Second Home (MM2H) programme has been temporarily suspended since Aug 2020.
Hope this helps.