The Laws on Foreigners Buying Properties in Malaysia

Threshold for Foreigner to buy Property has dropped to 40%? Here are a few things to take note for a foreigner to buy a property in Malaysia.

As announced in the Finance Budget for the year 2020, where the Finance Minister has announced that the threshold for foreigner to buy a property has lowered down from RM1,000,000.00 to RM600,000.00 subject to the following condition.

However, Foreigner Purchaser need to take note that the threshold “discount” is only valid for 1 year which is from 1^st January 2020 up till 31^st December 2020 provided that the property is:-

1.  Not Landed Property;

Where the threshold reduction is only for High Rise Property such as (Condominium, Apartment, SOHO, Serviced Apartment and etc)

1.  Not new and/or upcoming projects and sub-sales property; and

Which means it only available for those property which is completed and unsold.

1. Subject to the implementation on the state government

State Government has the discretion whether or not to implement this policy.