Malaysia works on a federal system so the rules in the states of Peninsular Malaysia differ from those of Sabah and Sarawak (which have their own ownership legislation)
Malaysia My Second Home (MM2H) is a special avenue for property purchase.
- Provides a renewable five-year maximum, multiple-entry visa
- Provides certain benefits such as discounts on certain properties available on the market
States are allowed to charge levies for foreign residential property purchases.
-
Currently only Penang, Malacca and Johor impose levies
-
The percentage of levy is 2% for Malacca
For Singaporeans, they will need to meet a minimum occupation period before buying a second home five years)
Foreign Property Ownership Limits
State |
Minimum Price |
MM2H Price |
Malacca |
RM 1 million (landed title)
RM 500,000 (high-rise/strata title)
|
RM 1 million (landed title)
RM 500,000 (high-rise/strata title)
|
Kuala Lumpur |
RM 1 million
|
RM 1 million
|
Genting Highlands (under Pahang) |
RM 1 million
|
RM 1 million
|
Kuantan (under Pahang) |
Properties Singaporeans can/cannot buy in Malaysia
Properties Singaporeans can buy in Malaysia |
Freehold commercial, industrial properties, vacant land, condos, bungalows, terrace houses, semi-detached, orchard/farm houses |
Properties Singaporeans cannot buy in Malaysia |
Bumi (Bumiputera) lots, Agricultural land, Malay reserved land, Property with a valuation below RM 1 million |
Three main types of properties that foreigners (any non-permanent resident) are not able to purchase
- Properties built on Malay reserved land
- Properties defined as low-cost or medium-cost affordable units as defined by the state
- Properties allocated to Bumiputera groups as part of a development project