As a foreign citizen, are my property rights different
than those of Malaysian residents?
No, whether you are a foreign or local investor, basically all are subject
to and benefit from the same property rights. Malaysia’s land tenure
is based on the
Australian system of land ownership – the Torrens system. A small
percentage of lands mainly in the rural areas are reserved for the
indigenous people (Malay Reserve land) and cannot be owned or purchased
by the non-native locals or foreigners. Most properties that are investment
generating lie predominantly in the urban areas of the larger cities like
Kuala Lumpur, Penang, Malacca and Johor Bahru (adjoining Singapore) and
have no ownership restrictions.
Is financing available for investors who wish to purchase property?
If so, how hard is it for foreigners to qualify for this financing?
Yes, financing is available for foreign investors and there is no hard
and fast rule about it. For the potential purchaser to qualify he must
show proof of possessing some source of income to enable repayment. For
foreigners, the maximum loan normally allowed is 70% and the term of loan
depends on the age of the purchaser.
Have you noticed any increase in the numbers of foreigners interested
in investing in and/or moving to Malaysia recently?
Yes, there is an increase in foreigners interested in investing and moving
to Malaysia. Some of them come under the Malaysia
My 2nd Home (MM2H) Programme and others come in for investment purposes
or move to Malaysia to take up a job.
Malaysia Property Search | TheMoveChannel.com
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