Types of properties you are allowed to purchase
If you intend to purchase or have purchased a property in Malaysia, you are allowed to open a bank account to remit your funds from your domicile country for purpose of paying for the property.
Should you plan to take up financing from a bank, you will have to pay legal fees and disbursements for the preparation of the loan documents.
Remitting money into Malaysia
Taxation of your property
Should you intend to purchase a third property, you will have to appeal to the Foreign Investment Committee and provide a valid reason for the third purchase. These are just some of the helpful information that
If you dispose your property after the 6th year of your purchase, you will be taxed on 5%of your gains.
Financing your property
If you are seiously planning to invest in properties in Malaysia, check out this unique e-book by Malaysian property expert Juanita Chin on "How to Own Properties in Malaysia without Being Ripped Off" at http://www.MalaysiaPropertyGuide.com/
As a foreigner, you are allowed to purchase a property costing more than Ringgit 150,000. Number of units you can own in Malaysia
As a foreigner, you are only allowed to own not more than 2 properties. Minimum purchase price allowed to purchase
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