Limitation on properties ownership in Malaysia

Hi,
Anyone here in the forum could help me on this topic?I am thinking of getting some properties in Malaysia for investment n personal use. I heard from a friend of mine that there is a limitation for foreigner (can only own max 3 properties only) is that true?

Hi Stef85 and welcome to Expat.com!

Hope that you'll soon be enlightened.;)

Harmonie.

kindly contact to us for all your legal querries.   www.swbizconsultancy.com

i dont think there is such regulation..i know a fren owning 4 properties in KL

tat's y to avoid hike-up price caused to local ppl,malaysian government considering to set the minimum property price can be purchased by foreigner to RM 1 million.

thanks for the reply ^^