Housing Property

  • Question: List of minimum price for purchase a property

    Answer:

    Land is a state matter and it is important to check state laws before making any commitment, as the minimum purchase price is not standardized between states. Please refer the list below : List of minimum price for purchase a property

  • Question: What types of properties are allowed to be purchased by the MM2H participants?

    Answer:

    All participants are allowed to purchase residential properties at the minimum purchase price for foreigners as established by the respective state governments. The current minimum price (January 2010) is RM500,000.00 for majority of the states.

  • Question: Can I apply for local financing from a local bank to purchase a house in Malaysia?

    Answer:

    Yes, I may apply for the loan in Malaysia subject to the terms and conditions of respective banks or financial institutions.

  • Question: Am I subject to the property gains tax if I make a profit from selling my houses?

    Answer:

    Yes. Profit made on sale of properties are subject to the Real Property Gains Tax.

  • Question: Must I buy new properties only from developers, or can purchase any property from individual owners (second hand or third hand property)?

    Answer:

    I can purchase any type of housing properties directly from the developers or private individuals.

  • Question: In the event of unforeseen death, can I able to hand over my Malaysian assets to any of my beneficiaries smoothly?

    Answer:

    Yes, provided I have a Will which indicates clearly to whom the properties are to be given. If not the next of kin of the participant will have to apply to the Government to have my properties released to them as the rightful heirs.

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