Malaysia is one of Southeast Asia’s most welcoming countries for foreign property buyers. With clear rules, competitive prices, and attractive lifestyle options, more international buyers are exploring Malaysian real estate. Here’s a simple guide to help you understand the essentials.
1. Can Foreigners Buy Property in Malaysia?
Yes — foreign buyers are allowed to purchase property, but with certain conditions. Key rules include:
- Minimum property price thresholds (varies by state)
- Only residential and commercial properties are allowed
- Restrictions on low-cost housing and some Malay Reserved lands
Always check state-specific rules before buying.
2. Minimum Purchase Price Requirements
The minimum property price for foreigners typically ranges from RM 1 million and above, depending on the state. For example:
- Kuala Lumpur: RM 1M
- Selangor: RM 1.5M (varies by zone)
- Penang: RM 1M–RM 3M (depending on landed/strata)
These rules ensure foreign investment targets mid–high-end property.
3. Types of Properties You Can Buy
Foreign buyers are usually allowed to purchase:
- Condominiums
- Serviced apartments
- Landed homes (depending on state)
- Commercial units
Not allowed:
- Low-cost or affordable housing
- Properties reserved for Bumiputera
- Land under Malay Reserved status
4. Financing Options for Foreigners
Foreigners can apply for a mortgage from Malaysian banks, but requirements may include:
- Higher down payment
- Proof of income
- Minimum monthly salary
- Good credit standing
Some buyers choose cash purchases for smoother transactions.
5. The Buying Process
The typical steps include:
- Property viewing
- Offer & booking
- Sale & Purchase Agreement (SPA) signing
- Loan processing (if needed)
- Ownership transfer
The entire process usually takes 3–6 months.
Conclusion
Malaysia offers a clear and structured path for foreign buyers. With proper research and professional guidance, buying property here can be smooth and rewarding.
