Hi,
can a foreigner buy property in Malaysia?
If so, is it complicated? What is the process of purchasing a property in Malaysia?
Any tips for buying property, such as a check-list of items to verify ?
Thanks in advance for participating!
Christine
Buying property in Malaysia
Christine
02 December 2011 11:20:03
42879
May_May
05 December 2011 06:46:20
1
Hi Christine,
I am May here. Foreigner are allow to purchase a property in Malaysia but the purchase price have to be RM500,000.00 above.
And a foreigner have to apply for State Authority Consent has well (this process will be done by your lawyer)
Christine
05 December 2011 12:21:46
42879
Hi May,
Welcome to Expat.com! 
Thank you for your help.
darulehsan
05 December 2011 12:42:35
44
are you planning to live in malaysia
Harmonie
05 December 2011 13:01:54
19273
Hello darulehsan, the questions of Christine are meant to help our members.
Harmonie.
ortamahalle
06 December 2011 14:41:39
Yes,foreigners can buy individually on their names providing value of property is not less then RM;500k (15 years ago was not less then 250k) If you form a company SDN BHD then you can able to buy lower price,your company secretary will inform you the detailes.
I am selling my property now RM 265k At the Kristal Court Robson hight near Chinese temple that Apartment I bought 15 years ago and I am having a tenant constantly because of the location.
steveso
06 December 2011 15:42:04
24
Yes foreigners can buy property in Malaysia. The minimum amount you have to spend depends upon the state you live in. Here in Penang the minimum is RM250,000 and in Perak it is RM350,000. Elsewhere it goes up to RM500,000. The process is not that complicated.
DaddyDave
25 January 2012 04:38:29
1
I have been living here in KL for last 5 yeas now and April 2011 I started my process with a 2% payment. this property is in Kemuning Utama and costed me 560 K. My current status is Selangor State Consent was out 2 weeks back and communicated to the lawyer. They are now working with my BANKER Standard Chartered to do the financials. Hopefully, I will have the keys officially in mid FEB.
Thus, it was about 1 year to complete the process. However, the process was on hold for 3 months as the Builder couldn't release the TITLE since the same was with MAYBANK, from where the builder took the loan.
I'm quite happy as the same property is now going with transaction price @ 640 K.
With this purchase, I have a good experience on where to buy, what is the right VALUE of the property, which BANK to approach, the processes with a timeline, how to manage the lawyers. These processes would require multiple lawyers and managing them is a big task. Hope I did it well as I got my job done with NO conflicts and all are happy.
If you need further info, just drop me a line ay [email protected] or Call 017.331.4676
Hope this helps.
Dave.
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