Any foreigner may purchase any number of residential property in Malaysia, subject to the minimum price established for foreigners by the different states. They start from RM500,000 per unit for most states, from 1st Mac 2014. 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
We advise buying homes which are already issued with certificates of fitness but if you intend to purchase from developers, ensure that it is a reputable company. For a list reputable project developers, please contact the Malaysia Property Incorporated for the updated list:
Malaysia Property Incorporated (MPI)
Unit 6-03A & 6-05, Level 6, Menara UAC, No 12,
Jalan PJU 7/5, Mutiara Damansara,
47800 Petaling Jaya,
Selangor Darul Ehsan.
Monday to Friday : 8.30 am - 5.30 pm (GMT +8.00)
Phone : +603-7724 1878
Fax : +603-7724 1877
Website : www.malaysiapropertyinc.com
Profits made on the sale of property is subjected to current Real Property Gains Tax rate set by the Government of Malaysia.
1st year - 5 th year : 30%
6th year and above : 5%
Please note that certain items require a permit/license before the participants can be imported into Malaysia. For further details, you may visit Custom's website at www.customs.gov.my on restricted importation of items/goods.
For further enquiries, please contact the following details as below :
Royal Customs Malaysia
Kompleks Kementerian Kewangan
No 3, Persiaran Perdana, Presint 2,
Tel : +603-8882 2100/2300/2500
Call Center : +603-7806 7200
Hotline : +603-8882 2111/2222
Website : www.customs.gov.my