Introduction to Malaysia real estate
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Introduction to Malaysia real estate
The basics for foreigners interested in investing in Malaysian property
This article is intended as a preliminary guide only and refers to some but not all elements required to consider in detail prior to starting any property dealings or due diligence. Property dealings are often complex, especially in foreign countries and we highly recommend you seek independent professional advice... read more...
Malaysia offers a variety of housing at comparatively low prices. Terraced housing, high-rise apartments, detached and semi-detached houses, condominiums and bungalows are commonplace. The property market is remarkably stable, too, making Malaysia an appealing opportunity for renters and buyers alike. As may be expected, prices are ghest in the cities – especially the capital, Kuala Lumpur – and substantially lower in the suburbs. RETalk Asia uncovers the basics on investing in Malaysia’s property market.
Buying property in Malaysia
There are many advantages to purchasing real estate in Malaysia. Foreigners may purchase any number of residential properties, subject to the minimum price established for foreigners by the different states, generally RM 1 million. Read our summary here.
Malaysia property taxes
No specific taxes are levied on property owners. However, state authorities levy a “quit rent” tax and an assessment tax, which vary depending on location and type of property. Buyers of property must pay a stamp duty of between 1 and 3 percent. For more detail, see our article here.
Obtaining finance in Malaysia
You’ve found a property in Malaysia that ticks all the boxes. Luckily there are no restrictions placed on non-residents who wish to purchase ringgit assets, including landed properties, and the settlement of an investment in ringgit can be undertaken either in ringgit or foreign currency. We’ve collated more information here.
Renting property in Malaysia
From the gated environs and modern facilities of condominiums to apartments and bungalows, rental properties in Malaysia are diverse in price and quality. Properties may be furnished or unfurnished. More on rental in Malaysia can be found here.
Malaysia Real Estate Glossary
Investing in a property market that is not your own could be daunting. We’ve rounded up some of the key terms you’ll come across when investing in Malaysian property as well as local knowledge, including measurements and holidays. Click here for our country-specific guide.
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This article and the above linked articles are not complete and are intended as preliminary guides only. These guides refer to some elements to consider prior to starting any property dealings or due diligence. Property dealings are often complex areas, especially in foreign countries and we highly recommend you seek independent professional advice... read more...
