Welcome to a comprehensive guide aimed at those considering purchasing property in Malaysia for foreigners. With a noticeable shift in the local engagement in the real estate market, stalling by 8.1% in the early months of 2021 compared to the previous year1, Malaysia continues to present itself as an inviting landscape for foreign property investment. Current regulations for foreigners buying property in Malaysia set the minimum property price ceiling for foreign buyers at RM1,000,000.00, ensuring that quality investment opportunities are accessible to a global audience1.
Whether you’re an expat looking for a second home or an international investor seeking promising returns, the resurgence of the Malaysian market can be particularly attractive. Through this article, we navigate the intricacies of property ownership in Malaysia for expats, ensuring that buying real estate in Malaysia as a foreigner is a process marked by clarity and confidence.
Key Takeaways
- Insight into the Malaysian real estate market’s recent trends for informed decision-making.
- Understanding the minimum property investment thresholds for foreigners across Malaysia.
- Knowledge of the requirements for State Authority Consent and its typical processing timeframe.
- An overview of restrictions and property types available to foreign investors.
- Clarity on one-time expenses associated with property transactions for foreign buyers in Malaysia.
- Essential information regarding financing options and bank account setups for property purchases.
Understanding the Malaysian Real Estate Market for Foreign Buyers
The Malaysian real estate market has captured the attention of international investors owing to its competitive real estate prices in Malaysia, and its robust framework for property transactions. The National Land Code of 1965 offers clear guidelines, defining foreigners as natural citizens without permanent residence in Malaysia and details the allowances and restrictions for foreign property ownership2. With the global spotlight shining on property market trends in Malaysia, let’s delve deeper into what this vibrant market looks like for prospective foreign buyers.
The Current State of the Market and Price Trends
Foreign investment in Malaysian residential properties has been fuelled by liberal policies3 that welcome foreign capital. The allure of areas such as Mont Kiara, Sri Hartamas, and KLCC is evident with their varied property prices, ranging broadly from RM800,000 to RM3,000,000, showcasing the region’s diverse offerings3. This price spectrum, influenced by location as much as property type, ensures an inclusive market catering to different investment thresholds and preferences. For those eyeing investment in Malaysian property, it’s key to note that buyers generally handle fees around 4% of the property’s cost3, a figure competitive on an international scale.
Investing in Malaysia is subject to financial prudence, with several banks providing specialized home loan products. Negotiating the terms for financing up to 90% of a property’s value becomes streamlined with the backing of reputable financial institutions like Maybank and Public Bank Berhad, each with nuanced loan products to fit diverse investor profiles3.
Benefits of Investing in Malaysian Property as a Foreigner
The benefits of investing in Malaysian property are not limited to potential capital appreciation or rental income; they extend into strategic incentives designed for foreign investors2. The MM2H visa, for instance, stands as an inviting pathway, offering long-term social visit visas that are renewable every ten years, contingent on satisfying certain financial benchmarks, which provide a solid base for property investment4. Sabah and Sarawak even present unique age and financial requirements catering to a more mature segment of investors through their MM2H programmes2.
Despite certain restrictions, such as the ineligibility to purchase Malay reserved lands for foreigners4, the breadth of opulence—be it via new developments or existing properties—remains accessible. With rent-to-own solutions emerging and government support in the form of low-cost loans for first-time homeowners3, the Malaysian property rope is tilting favorably towards buying over renting, cementing its position as a market ripe for foreign investment.
As investors navigate the Malaysian property landscape, they enjoy a level of confidence delivered by thorough regulation, ensuring their interests are protected from construction all the way to loan acquisition2. Indeed, the confluence of vibrant market dynamics and forward-leaning regulatory landscapes makes the Malaysian real estate market an enticing arena for foreign buyers eyeing lucrative, long-term investment prospects.
Eligibility and Restrictions for Foreign Real Estate Ownership
For those contemplating a venture into Malaysian property, understanding the eligibility for foreign real estate ownership is essential. The National Land Code 1965 delineates a foreigner as any person who is not a permanent resident of Malaysia, thus setting the foundational definition for potential international investors2. Additionally, Malaysia imposes property ownership restrictions to safeguard its domestic interests. It is crucial for foreign entities, especially companies, to note the legislative requirements, such as being incorporated outside Malaysia or having a particular percentage of voting shares held by non-citizens2.
When it comes to the types of properties foreigners can buy, the landscape is varied albeit with restrictions. Residential, commercial, and agricultural properties are accessible, but purchases by foreign individuals must navigate through the Guidelines on the Acquisition of Properties, which necessitates authorization from state authorities2. The exclusions in ownership are properties on Malay reserved land, affordable units classified as low-cost or medium-cost by the state, and properties specifically allocated to Bumiputera groups within development projects2.
Types of Properties Foreigners Can Own in Malaysia
Malaysia’s MM2H visa program presents an alternate route for international buyers, setting financial criteria and necessitating a sponsorship either by a Malaysian citizen or a sanctioned MM2H agent in Peninsular Malaysia2. This program greatly enhances the accessibility of Malaysian real estate to foreigners by smoothing out some of the hurdles faced in the purchase process.
Minimum Purchase Price Requirements by State
Each Malaysian state has its own minimum purchase price requirements that foreign investors must comply with. In Kuala Lumpur, for instance, the floor for property acquisition by a foreigner is pegged at 1 million ringgit5. Furthermore, interested foreign purchasers must abide by procedural formalities, such as submitting necessary application forms and fees through an appointed lawyer to secure state consent5.
| State | Minimum Purchase Price (in Malaysian Ringgit) | Additional Levy (Yes/No) |
|---|---|---|
| Kuala Lumpur | 1,000,000 | No |
| Penang | Varies | Yes |
| Melaka | Varies | Yes |
| Pahang | Varies | Yes |
| Johor | Varies | Yes |
Leveraging the investment opportunities of real estate investment trusts (REITs) may also serve as a pragmatic strategy for foreigners. Listed on the Malaysian Stock Exchange, REITs offer liquidity and have the added appeal of a low stamp duty rate, a mere 0.3% on share purchase for companies dabbled in property development. Plus, their tax computation is straightforward, based on the REITs’ income5.
Can Foreigners Buy Property in Malaysia
The landscape of buying real estate in Malaysia as a foreigner presents opportunities entwined with carefully crafted regulations. Indeed, foreigners can own property in Malaysia, but distinguishing aspects of property ownership regulations for foreigners require understanding and, in some cases, special permissions2.
As prescribed by the National Land Code 1965, foreigners, defined as individuals who are not permanent residents of Malaysia, may face certain restrictions when aiming to purchase property within the nation’s borders2. Specifically, legislation concerning foreign companies buying property dictates strict conditions, such as those related to incorporation and voting rights, demonstrating the country’s meticulous approach to oversea investment in real estate2.
- Foreign individuals must seek permission from relevant state authorities when acquiring properties2.
- Ownership of properties on Malay reserved land, as well as low-cost and medium-cost units earmarked by the state, is not permissible for foreigners2.
- Properties allocated to Bumiputera groups as a part of development projects are also off-limits2.
Nevertheless, Malaysia My Second Home (MM2H) emerges as a beacon for those seeking to intertwine their lives with the cultural exuberance of Malaysia. This program extends a ten-year renewable visa with multiple entries – an offer that varies across Peninsular Malaysia, Sabah, and Sarawak, laying down separate criteria for each region2. While Sarawak’s MM2H requirements include an age threshold of 50 years for applicants2, all under MM2H must prove their financial liquidity, share responsibilities with a sponsoring Malaysian citizen, or engage with a registered MM2H agent within Peninsular Malaysia2.
| MM2H Requirement | Peninsular Malaysia and Sabah | Sarawak |
|---|---|---|
| Age of Applicant | Open to all ages | 50 years and above |
| Financial Criteria | Offshore income or banked cash is essential | Same financial prerequisites |
| Sponsorship | Required: citizen or MM2H agent | Same sponsorship requisites |
The answer to whether can foreigners buy property in Malaysia is affirmative, yet adherence to the defined statutes is vital for a successful acquisition. For those considering such a venture, a detailed guide on buying property in Malaysia relevant to foreigners’ unique circumstances can be found here, providing in-depth insights and advisory2.
Grasping the Legal Process of Acquiring Property in Malaysia
Entering the Malaysian property market demands a deeper understanding of the legal process of buying property in Malaysia, which includes familiarity with local regulations and legal documentation. One of the cornerstones of this process is navigating the intricacies of sale and purchase agreements in Malaysia. These legally binding contracts dictate the terms and conditions of a property transaction, safeguarding the interests of both buyer and seller.
Understanding the Role of Sale and Purchase Agreements (SPAs)
A Sale and Purchase Agreement (SPA) is not just a mere formality but an essential legal document that explicitly outlines all pertinent details such as price, payment schedule, and obligations of parties involved. With regard to property ownership by non-Malaysians, the SPA becomes particularly significant, given that the National Land Code 1965 defines foreigners as any natural citizens who are not permanent residents of Malaysia2. This document is also critical in reflecting the nuanced legislation for foreign companies, regulated based upon voting shares and incorporation status2. Adherence to a comprehensive SPA ensures a smooth transition and avoids potential legal pitfalls during the property acquisition process.
Procedure for Obtaining State Authority Consent
The obtaining state authority consent for property acquisition is yet another critical step. Malaysia’s Guidelines on the Acquisition of Properties stipulate the necessity for foreign individuals to obtain permission from relevant state authorities to purchase property2. This process aims to regulate property ownership and maintain balance in the real estate market. Not all properties are available for foreign acquisition; for instance, properties situated on Malay reserved land, low-cost and medium-cost affordable units, as well as properties allotted to Bumiputera groups, are off-limits to non-citizens2. Furthermore, the Malaysia My Second Home (MM2H) visa program offers an alternative route for property purchase, granting a renewable ten-year visa under specific financial criteria2.
Knowing these legal requirements is complemented by understanding the dynamic Malaysian property market, which saw a 6.7% uptick in overall transactions in early 2019, hinting at a positive trajectory and heightened interest in real estate investments6. Recognizing the lure of Malaysia as an investment destination, foreign property purchases have been on an upswing6.
| Consideration | Description | Impact |
|---|---|---|
| Minimum Purchase Price | State-regulated price thresholds for foreign investors. | Differentiates markets & controls investment scale6. |
| Stamp Duty | Tax on legal documents in property transfers. | Scales with property price6. |
| Real Estate Agent Regulation | Agents overseen by BOVEAAP. | Ensures professionalism6. |
| Governing Statutes | National Land Code, Housing Development Act, et al. | Outlines legal frameworks for transactions6. |
When entering the Malaysian market, due diligence is key, including tasks such as title searches, verifying land ownership, zoning compliance, and ensuring no outstanding taxes or encumbrances on the property6. Attention to detail during these tasks can save investors from future complications. For financing, securing mortgage approval often requires professional property valuation6. Furthermore, a clear and accurate SPA is vital, as it encapsulates the fundamental terms and conditions of the property transaction6.
Navigating Financial Aspects of Malaysian Property Investment
Understanding the financial aspects of property investment in Malaysia is crucial for both seasoned investors and newcomers. Scrutiny of the country’s economic backdrop and investment climate presents a reassuring picture for foreign buyers looking to delve into the Malaysian property market. With Malaysia’s considerable trade-dependent economy, evidenced by a value of imports and exports of goods and services comprising approximately 130 percent of its GDP in 20187, the country stands as an attractive hub for international investments.
Overview of Stamp Duties, Legal Fees, and Other Costs
When considering property investment, buyers must account for stamp duties and legal fees, which constitute a significant portion of the ancillary costs. Also, Malaysia’s efforts to stimulate foreign investment are quite noteworthy; the government has proposed enticing tax incentives in its 2021 budget, such as a 0 percent tax rate for new manufacturers and a comprehensive 100 percent investment tax allowance lasting five years7. Moreover, investors are guided by agencies like the Malaysian Investment Development Authority (MIDA) and InvestKL, offering valuable post-investment services and consultations7.
Financing Options and Mortgage Availability for Expats
For expats, the availability of mortgages in Malaysia and financing options for foreign buyers are areas of significant interest. The financial sector, amidst its blueprint from 2011-2020, saw an increase in the foreign ownership limit in insurance companies to up to 70 percent, subject to the approval of Bank Negara Malaysia (BNM)7. This partial liberalization paves the way for a broader range of financing possibilities for expatriates. Entities engaged in the Malaysian market can take advantage of foreign investment privileges, as there is flexibility in establishing business ventures with various equity division options, highlighting a commitment to fostering an investor-friendly environment7.
With the Malaysian government’s receptiveness towards foreign direct investment—like the USD 10.8 billion from the United States in 20197—alongside a stable economic ranking, as seen in the World Bank’s Doing Business Report and Global Innovation Index7, Malaysia’s prospect as a lucrative property investment locus for foreigners is reaffirmed.
Strategically Selecting Locations for Best Investment Returns
Strategic location selection for property investment remains a decisive factor for success in the realm of real estate. Given the recent shifts in market dynamics, with Johor registering the highest overhang rate in Malaysia at 59.4% or 13,366 units, followed by Kuala Lumpur at 24.2% or 5,450 units, Selangor comes in at 12% or 2,689 units8. These statistics underline the critical nature of choosing the right location that aligns with economic growth, infrastructure initiatives, and demand for rental properties to maximize investment returns in Malaysia.
Prospective investors must acknowledge the impact of policy changes, such as the flat stamp duty rate of 4% for foreigners purchasing real estate in Malaysia starting from 2024, transitioning from the previous 1% to 3% sliding scale on amounts up to RM1 million8. Awareness of such regulations can influence strategic location selection, particularly when considering areas with high overhang where the potential for discounted deals may emerge.
The allure of regions with a more vibrant economic outlook remains high, and investors often aim to identify the best locations for investment returns in Malaysia. Factors such as infrastructure developments that promise improved connectivity and amenities contribute to a property’s desirability and can boost the likelihood of sustained rental demand.
Furthermore, with the MM2H programme seeing a 90% drop in applicants since 2021 due to more stringent conditions8, investors are exploring diverse locations beyond the traditional expatriate hotspots. Navigating through these changing landscapes requires a focused approach to identifying up-and-coming areas that may offer better value and long-term growth potential.
- Examine economic indicators and infrastructural developments
- Consider the demand for rentals in the selected area
- Review policy changes and their implications on property investment
By meticulously considering these factors, investors can position themselves to leverage the strategic location selection for property investment to optimize returns, even in a transforming market touched by policy reforms and shifting preferences.
Fulfilling Criteria for the Malaysia My Second Home (MM2H) Program
The Malaysia My Second Home program has been a beacon for expatriates seeking long-term residency in a country that offers a blend of modern amenities and cultural richness. The benefits of MM2H are manifold, ranging from multiple-entry visas to property purchase advantages for MM2H participants. However, adapting to the rising bar of eligibility requirements is crucial for prospective applicants in achieving their Malaysian dreams.
Program Benefits and Property Purchase Advantages
Since its inception in 2002, the MM2H program has approved approximately 57,000 applications9, attesting to its popularity. The allure of the program lies in the property purchase advantages that facilitate an easier path to homeownership. MM2H participants can capitalize on the opportunity to diversify their assets and indulge in Malaysia’s thriving real estate landscape.
The program has not only eased the property purchase process but also permitted participants to withdraw up to 50% of their fixed deposit after one year for buying property, healthcare, or travel expenses9. This flexibility adds a significant benefit for those who wish to settle and invest in the country.
Navigating the Application Process for MM2H
The MM2H application process underwent a transformation with the income requirement revision in 2018, which saw a staggering 90% decline in applications in the subsequent two years9. However, for those meeting the new threshold – a monthly income of at least 40,000 Malaysian ringgit ($8,662) – the path forward is clear. Coupled with a choice of three tiers of fixed deposits – 500,000 ringgit ($108,283), 2 million ringgit ($433,135), or 5 million ringgit ($1,082,837) – the system has been recalibrated to ensure a quality pool of candidates9.
With the revised program, applicants can also look forward to reduced minimum stay requirements, now at 60 days compared to the previous 909. The Silver and Gold tiers offer residency options of five and 15 years respectively, while the Platinum tier opens the door to permanent residency in Malaysia9, thus presenting a variety of choices to cater to individual needs and long-term plans.
Making Informed Decisions: The Importance of Due Diligence
Investing in property abroad is a significant financial decision that necessitates a comprehensive understanding of local market regulations and practices. The importance of due diligence in property investment cannot be overstated; it is the cornerstone of a secure and profitable venture. Due diligence refers to the thorough investigation before signing a contract, especially in terms of verifying the legal status of the property and ensuring financial transparency.
For potential buyers, especially foreigners, the Malaysian real estate framework presents unique considerations. Prospective property investors should note that Malaysians have established a minimum purchase price limit to regulate foreign investment in real estate4. This acts as a safeguard to maintain the property market’s equilibrium and to ensure that investments are beneficial for the country’s economic landscape.
A key element of conducting property and legal checks involves understanding the initial financial requirements. Typically, a 10% deposit of the purchase price is necessary when buying property in Malaysia4. This gives an early indication of the financial obligations that come with property acquisition.
Through investment facilitation programs like the Malaysia My Second Home (MM2H) program, foreigners can gain extended access to property ownership in the country. The program not only provides a social visit visa that initially lasts for ten years and is renewable4, but it also necessitates applicants to meet specific financial criteria4. Comprehending these prerequisites is a vital part of due diligence.
In the Malaysian context, mitigating risks in property investment includes navigating through diverse mortgage offerings. Different banks in Malaysia present various mortgage terms and conditions to expats,4 making it crucial to compare these to find the most favorable financial solution when purchasing a property.
Conducting a Comprehensive Property and Legal Check
To ensure the legality and the soundness of the investment, one must conduct thorough property and legal checks. Essential to the legal framework is the signing of a Sales and Purchase Agreement (SPA), which needs to be stamped and legally binding to finalize the purchase in Malaysia4. Proper due diligence necessitates the critical examination of this document, among other legal requirements.
Risks of Skimping on Due Diligence and How to Mitigate Them
Failure to undertake adequate due diligence presents substantial risks of not conducting due diligence. These include the possibility of encountering financial anomalies, legal disputes, or even property fraud. To mitigate these risks, investors should engage with credible legal professionals and real estate experts, who can guide the due diligence process effectively. It is also beneficial to compare market practices and learn from local investors.
The trajectory of a successful property investment in Malaysia heavily relies on informed decision-making, underpinned by diligent checks and assessments. As a global investor, it is imperative to cultivate a risk-averse approach by adhering to a rigorous due diligence process, thus safeguarding your financial interests and ensuring compliance with Malaysian property investment regulations.
Property Management and Rental Opportunities for Foreign Owners
Delving into the realm of property management for foreigners in Malaysia unveils lucrative rental income opportunities, especially considering Malaysia’s openness to outside buyers, with adherence to specific regulations2. Effective property management can help in maximizing these opportunities, ensuring a steady stream of rental income while navigating the intricacies of Malaysian tax considerations for rental income10.
Yielding Rental Income and Understanding Malaysian Tax Considerations
The Malaysian property market provides foreigners, as natural citizens not holding permanent residency, with the chance to tap into the growing rental sector2. The Malaysia My Second Home (MM2H) visa scheme, which demands certain financial thresholds, stands as a solid foundation for those who seek to invest and earn rental income in different regions of Malaysia2. However, property purchases by foreigners are subject to state authority permissions, and the income generated from rentals requires careful consideration of Malaysian tax laws to ensure compliance2.
Exploring Property Management Services in Malaysia
Accessing property management services in Malaysia is pivotal for foreign investors, ensuring the meticulous handle of their estate from tenancy agreements to the maintenance of property standards10. Prospective investors need to navigate the landscape of property management services, which can vary widely in scope and expertise, to find the ideal partner in managing their investment efficiently.
In view of the comprehensive guidelines on the acquisition of properties, property management firms can offer significant support in meeting the individual requirements set by state authorities for foreign property ownership2. Such partnerships are instrumental in realizing the potential of rental income opportunities by efficiently dealing with operational duties, from tenant sourcing to handling the legal aspects inherent to foreign property investment.
| Service | Description | Benefits |
|---|---|---|
| Tenant Sourcing | Identifying reliable tenants and negotiating lease terms. | Reduces vacancy rates and ensures consistent rental income. |
| Maintenance | Managing routine and emergency maintenance tasks. | Protects the property value and enhances tenant satisfaction. |
| Legal Compliance | Navigating Malaysian property law and tax obligations. | Ensures adherence to tax considerations and legal regulations for rental income10. |
| Rent Collection | Efficiently collecting and processing rental payments. | Streamlines cash flow management and financial stability. |
| Reporting | Providing regular financial and property condition reports. | Offers transparency and enables informed decision-making. |
Foreigners keen on managing their Malaysian real estate investments amidst complex legislation for foreign companies are increasingly recognizing the advantages of enlisting professional property management services2. With restrictions on types of properties available for foreign purchase, these services can guide investors through the market, allowing them to focus on rental income growth strategically and prudently2.
Further supporting their ventures, options such as self-directed IRAs present a method to invest in Malaysian real estate, albeit with certain restrictions on their personal occupancy until meeting retirement age10. Moreover, investor-focused property management can address transaction costs in real estate, which, when coupled with astute tax planning, can substantially enhance overall investment yield10.
Securing a robust strategy for property management becomes a cornerstone for success in harnessing rental income opportunities and navigating the Malaysian tax considerations for rental income. As the market continues to evolve, these management services demonstrate their value by aligning investors with the requirements of a varied property landscape and offering peace of mind with the professionalism they bring to property ownership in Malaysia.
Conclusion
The landscape of property investment in Malaysia offers a compelling proposition for foreign investors. With Malaysia’s GDP projected to expand by 4.3% in 202411 and six million new citizens anticipated by 2030—many emerging from a robust middle class11—the demographic trends favor a growing real estate demand, particularly in urban centers such as Kuala Lumpur and Penang11. These economic realities, paired with Southeast Asia’s relatively low property values11, position Malaysia as an attractive investment destination. Additionally, city-center condominiums in Kuala Lumpur present affordable opportunities, often valued under RM12,000 per sqm, or approximately $3,00011.
As the third wealthiest nation in Southeast Asia based on per capita GDP11, coupled with the ringgit’s position near multi-decade lows against other currencies11, Malaysia presents a unique moment for foreign investment. Stringent but fair regulations allow the ownership of land on a freehold basis for foreigners11, further nurturing an environment conducive to purchasing property. While real estate prices in Kuala Lumpur and Penang have seen stagnation due to oversupply11, this signals a buyer’s market that investors can leverage. Acknowledging these dynamics, it is clear why Malaysia continues to outperform certain emerging markets, with a pace of growth set to eclipse that of Thailand11.
In summary, this article has laid out the essence of the compelling property investment opportunities in Malaysia. For a deeper understanding, prospective investors can explore detailed analyses and listings through an authoritative source on Malaysia real estate. Amidst an evolving economic and demographic backdrop, Malaysia’s real estate sector stands as a beacon, encouraging foreign participation and promising potential returns built upon a foundation of steady growth11.
FAQ
Can foreigners buy property in Malaysia?
Yes, foreigners can buy property in Malaysia. There are regulations and restrictions in place, but foreign buyers have several investment opportunities available to them.
What is the current state of the Malaysian real estate market for foreign buyers?
The Malaysian real estate market offers potential capital appreciation, rental income, and affordable properties compared to other countries. The market is influenced by factors such as price trends and economic growth.
What types of properties can foreigners own in Malaysia?
Foreigners can own various types of properties in Malaysia, including residential, commercial, industrial, and agricultural properties. Different states impose minimum purchase price requirements for each type of property.
What is the legal process of acquiring property in Malaysia as a foreigner?
The legal process includes signing Sale and Purchase Agreements (SPAs) and obtaining State Authority Consent, which is necessary for foreign property acquisitions.
What are the financial aspects of property investment in Malaysia for foreigners?
Foreign buyers should be aware of stamp duties, legal fees, and other costs associated with property transactions. Financing options, including the availability of mortgages for expats, are also important considerations.
How can foreigners strategically select locations for the best investment returns in Malaysia?
Factors such as economic growth, infrastructure development, and rental demand should be considered when selecting locations for property investment in Malaysia.
What are the benefits and criteria of the Malaysia My Second Home (MM2H) program for property investment?
The MM2H program provides additional advantages for foreigners looking to buy property in Malaysia, including property purchase advantages. Foreigners need to fulfill certain criteria and go through the application process for MM2H.
What is the importance of due diligence when investing in Malaysian property?
Due diligence is crucial for making informed decisions. It involves conducting comprehensive property and legal checks to mitigate risks associated with property investments.
Are there property management and rental opportunities for foreign owners in Malaysia?
Yes, foreign owners can generate rental income in Malaysia. It’s important to understand Malaysian tax considerations for rental income and explore property management services available.
Source Links
- https://tyhlawyers.my/guidance-on-how-foreigners-can-buy-property-or-real-estate-in-malaysia/
- https://malaysia.news.yahoo.com/complete-guide-foreigners-buying-property-205348677.html
- https://ca.news.yahoo.com/understanding-malaysian-property-market-house-003406435.html
- https://www.realestatemy.com/how-do-expats-buy-property-in-malaysia/
- https://www.lexology.com/library/detail.aspx?g=cc818ed3-ac67-4eda-a50a-50e759e2b735
- https://www.propertykong.com/navigating-legal-aspects-of-property-buying-in-malaysia/
- https://www.state.gov/reports/2021-investment-climate-statements/malaysia/
- https://www.thestar.com.my/business/business-news/2023/10/16/lifting-foreign-property-investments
- https://www.aljazeera.com/news/2023/12/26/malaysias-mm2h-changes-draw-cautious-welcome-questions-among-expats
- https://www.investopedia.com/articles/personal-finance/050815/how-finance-foreign-real-estate.asp
- https://www.investasian.com/property-investment/malaysia-real-estate/
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