10 Steps to Buying Property in Malaysia
From first considering a purchase to handover, explore the preparation and procedure. The actual sequence depends on the property and contract terms.
The latest insights into Malaysian property.
Find useful information for living and investing in Kuala Lumpur, covering buying, renting, asset management, neighbourhoods and local life.
From first considering a purchase to handover, explore the preparation and procedure. The actual sequence depends on the property and contract terms.
Buying property in Malaysia involves stamp duty, legal fees, foreign-acquisition procedures and, where applicable, financing costs in addition to the property price.
Some Malaysian banks offer housing loans to foreign property buyers. However, financing ratios, interest rates, loan terms and assessment criteria differ from those in Japan, so it is important to plan your funding before buying.
Income earned from renting out Malaysian property is subject to Malaysian income tax. Owners living overseas, including in Japan, may also need to file a return in Malaysia.
A gain on the sale of Malaysian property may be subject to RPGT (Real Property Gains Tax). Rates for foreign individuals without Malaysian citizenship or permanent residency differ considerably by holding period.
Foreign buyers can purchase Malaysian property through fair transactions governed by Malaysian property law.
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