Thursday, 14 June 2012

How a foreigner can invest in Property in Malaysia

All property acquisitions by foreign interest that do not require the approval of FIC but falls under the purview of relevant Ministries and / or government departments are as follows : -
  1. Acquisition of commercial unit valued at RM500,000 and above
  2. Acquisition of agricultural land valued at RM500,000 and above or at least five acres in area for the following purposes :
    • To undertake agricultural activities on a commercial scale using modern or high technolog
    • To undertake agro-tourism projects
    • To undertake agricultural or agro-based industrial activities for the production of goods for export
  3. Acquisition of industrial land valued at RM500,000 and above
  4. Acquisition of residential units valued at RM250,000 and above. The said minimum threshold will be increased to RM500,000 beginning 1 January 2010
  5. The transfer of property to a foreigner based on family ties is only allowed amount immediate family
Restrictions
Foreign interest is NOT allowed to acquire : -
  1. Residential units valued less than RM250,000 per unit (RM500,000 per unit as of 1 January 2010).
  2. Properties other than residential units valued less than RM500,000 per unit
  3. Residential units under the category of low and low-medium cost as determined by the State Authority
  4. Properties built on Malay Reserve Land
  5. Properties allocated to Bumiputera interest in any property development project as determined by the State Authority

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