Malaysia allows foreign property ownership but under a layered legal framework: federal permission plus state-level controls. Foreigners (including non-citizens, foreign companies and PRs) can buy many residential properties—especially strata units—subject to state minimum price thresholds, state authority consent, and prohibited categories (Malay Reserved Land, low-cost housing, Bumiputera allocations). Landed homes face stricter limits. Approval is typically required after signing the sale agreement and can take months; non-compliance risks fines or transaction voiding. Financing is available but with tougher loan terms; taxes and ongoing costs (stamp duty, RPGT, assessment, maintenance) are higher or different for foreigners. Policy varies by state (notably Johor, Selangor, KL) and evolves, so professional legal and local verification is essential.
Foreign Buyer Rules and Thresholds: What Can Be Bought and at What Minimums
