Why invest in Malaysia?
Malaysia is a great place for foreigners to set up their second home or find an investment property because of the following reasons:
- Direct ownership
- Allowed to own freehold property
- Established Commonwealth legal system
- Constitutional property ownership rights
- Established banking system to fund foreign acquisition
- Workable purchase procedures
- Statutory protection for homebuyer
- No inheritance tax as property will be distributed according to the owner’s will
- Enjoy luxury homes at a fraction of the cost
- Stable climate all year round resulting in minimum housing costs and maintenance
- Free from natural disaster zones
Currently there is no limit on the number of residential properties that a foreigner can purchase. The entire buying process is almost similar to that of a local purchaser, aside from several rules and restrictions. This is just a general guideline and we recommend seeking a lawyer’s advice about specific issues relating to the purchase of any property in Malaysia.
Properties that foreigners CANNOT own:
- Properties priced at less than RM1,000,000*
- Land or properties located on land that has been designated as “Malay Reserve Land”
- Low and medium cost properties determined by the State Authority
- Properties allocated to Bumiputera (Malay quota) as determined by the State Authority
- Land which is deemed agricultural land, unless it is over five acres and is being used for commercial purposes
* Except for My Malaysia Second Home (MM2H) visa holder, where the minimum purchase price is established by the respective state authorities. For Perak, the minimum property price is RM350,000.
Malaysia My Second Home (MM2H)
About MM2H Programme
Malaysia My Second Home (MM2H) Programme is promoted by the Government of Malaysia to allow foreigners who fulfill certain criteria to stay in Malaysia for as long as possible on a multiple-entry social visit pass.
The Social Visit Pass is initially for a period of ten (10) years, and is renewable.
It is open to citizens of all countries recognised by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 as dependents.
How To Apply
- Step 1 : Pre-submission
- Step 2 : Submit your Application
- Step 3 : Conditional Approved Letter Issued
- Step 4 : Arrival In Malaysia
- Step 5 : Submit Remaining Documents
- Step 6 : Collect Your Visa
Benefits of Purchasing a Home in Malaysia
If you are a MM2H visa holder, you can purchase any number of residential properties in Malaysia, subject to the minimum price established for foreigners by different states. The minimum purchase price is not standardised between states.
Source of Information:
- Loanstreet Malaysia
- Official Portal Malaysia My Second Home Program
Disclaimer: Above depicts the general process of home purchase, different developer or projects may have a different process. All data and information is correct at time of upload.