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House Purchase

Q: Do the participants have any special entitlements?
A: All participants are allowed to purchase residential properties at the minimum purchase price for foreigners established by the respective state governments. The current minimum price is RM600,000.00 for most states.

Q: Can I purchase a house for residential purpose and a shop lot to be rented out?
A: No, you are only allowed to purchase residential properties.

Q: Do I have to pay the yearly assessment and quit rent for my houses like the locals?
A: Yes.

Q: In the event of unforeseen death is the participant able to hand over his Malaysian assets to any of his beneficiaries smoothly. Does the Government have any restriction on this matter?
A: No.  Participants may transfer their property to their next-of-kin provided they have made a will to this effect.   In the event of lack of documentation, the next-of-kin may claim the inheritance upon proof of identity and kinship.

Q: Must foreigners buy new Malaysia property only, such as from developers, or can they purchase any property, such as from individual owners (second hand or third hand property)?
A: Participants can purchase any type of housing properties provided that they have been issued with CF (Certificate of Fitness).

Q: Can I keep pets in my condominium?
A: The By-laws of the Strata Title Act state that a parcel proprietor is not allowed to keep any animal in his parcel or on the common property which may cause annoyance to any other proprietor.