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
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.
Yes, I may apply for the loan in Malaysia subject to the terms and conditions of respective banks or financial institutions.
Yes. Profit made on sale of properties are subject to the Real Property Gains Tax.
I can purchase any type of housing properties directly from the developers or private individuals.
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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