Foreigner Property Ownership In Malaysia

Hi guys, I have a question to ask about Malaysia Gov policy :
1. Minimum RM 1.000.000 to own an apartment in Malaysia. does this policy still apply ? as an Indonesia Citizen, is it impossible to purchase an apartment in Johor baharu which price under RM. 1.000.000 ?
2. To own apartment in Malaysia as a foreigner, how many percent is the tax from the unit price ? what are the taxes do we have to pay ?

Yes RM1m except in Malacca I think. Its RM2m in Selangor. Tax? Well you pay local taxes twice a year and that is based on the area the property occupies. The Stamp Duty is quite expensive on purchase. There is a new 6% tax in Johor now as well. 3% capital gains tax on profits when property is sold.

Moderated by kenjee last year
Reason : Promotion of own services and websites not allowed.
New topic

Expatriate health insurance in Malaysia

Free advice and quotation service to choose an expat health insurance in Malaysia

Moving to Malaysia

Find tips from professionals about moving to Malaysia

Travel insurance in Malaysia

Enjoy stress-free travel to Malaysia