You may have heard that as of January 2014 the minimum property purchase price is RM 1,000 000
for all foreigners. Capital gains tax has also been raised. This is naturally a huge shock and increase for foreigners but also a welcome ruling for local Malaysians. The hope is that this will result in homes being more affordable for locals.
For more comprehensive information please have a look at the site below.
Malaysian Property Regulations
Best places to buy property in KL
If you are a foreigner looking to buy property or you are currently in the process, your best bet, is to use a reputable lawyer who will help you navigate through the current changes.
Exceptions/ exemptions for certain foreigners:
I have discovered that there are some exceptions to the new RM 1,000 000 purchasing price rule.
Please have a look at the official EPU site to see if you qualify for one of these exceptions.
Please click on the blue link below for more information:
Welcome to Kuala Lumpur
Welcome to Kuala Lumpur. Please use the search box below on the left hand side of the page, to quickly find tips and information for living in KL. To receive regular updates and tips please become a follower and subscribe at the bottom of the page. I welcome all your emails at: email@example.com