5 Must-Know for Foreigners Buying Properties in Malaysia (Kuala Lumpur, KL) in 2024
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- čas přidán 25. 02. 2024
- #klproperty #malaysiainvestment #mm2h #malaysiarealestate
Need an experienced registered real estate agent to help you purchase a property in Malaysia?
Contact Yew Foong @ +60 16 738 9620 (drop me a Whatsapp message)
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Fortress Real Estate
Thank you for such a great video!
Good info ty
I want to buy in KL !!
Can i buy shops in mall or commercial shop ?and is its easy
to get loans from Malaysian bank ?
Very useful information, but do I have to pay 90% of the balance or when I get the keys means when completed the project.
For secondary market, 90% will need to be paid around 3 months from the date you get the approval of state authority.
As for primary market, payment is based on the statis of completion by %.
210K USD is low entry barrier?
What about the other parts of Malaysia like the one near the Singapore boundary johor?can you buy a house and lot there?ty
In general, foreigners can buy houses (landed and high rise) in Johor Bahru as long as the minimum purchase price is RM 1 mil
is that silver m2h program for KL after 5 years how is it renewable? what if government asks for a higher fixed deposit afterwards? 🤔
Usually the MM2H program that you signed up for, all the requirements will not change during the period.
After the expiry of your MM2H period and if there are new requirements like higher fixed deposits etc, then you will probably need to comply in order to renew for further terms.
How much is lawyer and disbursement fees in kl?
Is the property title clean and safe in malaysia ?
Property Title is clean and safe in Malaysia, guided by the Torrens law (indefensible title when title is under your name).
As for lawyer fee, they follow a tier. You can easily find an online calculator for that. Hope this helps 👍🏽
Hi can you clarify if am taking silver catogory after 5 years for renewal cost and if can sponcer my family and how much visa cost for my family per adult visa
Currently there are no concrete answer for that as the government has not laid out all the rules.
But resale value is useless and also very hard to find buyers. Please take notes
Is this resale a peculiar problem for foreign owned property only?
Issue with resale value and finding buyers depends on the area, type of development and developer etc. No difference whether is foreign or local owned. These days there are many many developments to choose from and its so important to choose the right one.
How much capital gain tax for foreigners?
Do foreigners(non mm2h) property buyer get residence visa for malaysia with the property purchase?
Real property gain tax (RPGT) in Malaysia for foreigner is:
1st 5 years = 30% on the capital gain
>5 years = 10% on capital gain
Property buyer so not automatically receive the MM2H visa when purchasing property. It has to be applied separately based on the conditions and criteria.
@@yewfoong Hi thanks for the video. I've a few questions:
-> Should MM2H be applied first and then after 1 year buy property or other way is possible?
-> With MM2H, are foreigners allowed to work in Malaysia?
-> Can a dependent fulfill the requirement of 60 days stay in Malaysia instead of the main applicant?
-> If a foreigner is investing for rental income, how much percent income tax needs to be paid to the Malaysian government?
-> What is the annual property tax in KL on a property?
I have the Sarawak MM2H visa but KL would suit me better as a base as I only have to spend 30 days in Sarawak a year. Can I purchase in KL and travel to Sarawak as per visa requirements?
From my understanding, the money deposited as per visa requirement can only be withdrawn to purchase the property in Sarawak but you can always purchase properties in KL via different funds.
@@yewfoong Thanks, that was my intention. Funds in Sarawak will be solely used to maintain visa!
I have heard that the property must be held for at least 10 years. Is that correct?
Nope. Not true.
KL for Foreigners Buying Properties =)
You say one Can buy a property in KL without been in the MM2H program !!!!! But than can you get a residency??????
Buying properties in Malaysia does not automatically give you residency. They are 2 separate matters.
Hi Yew Fong, can you buy multiple properties that would add up to 1 million MR to fulfill the mm2h min reqmt ?
Nope can't add up. Each property must be a minimum of RM 1 M.
@@yewfoong got it, thanks.
What is minimum requirement for house in Penang?
For foreigners without MM2H, condos and apartments is minimum of RM 1 mil. Landed houses, minimum is RM 3 mil. Hope it helps 👍🏽
Hi, what's the average rental yield for the investment?
Depending on the area and type of property. On average in Mont Kiara, a good condo will fetch around 5% ROI.
@@yewfoong Thank you, I appreciate.
I am from India , can i buy farming land in KL
Can foreigners buy with Bitcoin?
Nope
How much do you charge for assisting people getting the Malaysian residence for 5 years ?
Sorry I do not provide that service as I'm a registered estate agent. You can look for registered MM2H agents in Malaysia to help you with that 🙏🏽😊
Why foreigners have to buy property with the minimum 1million price in KL?
It is set by the Malaysian government.
How do i buy Land in malaysia as a foreigners ? Can you do a video on it?
Depending on where the land is located as each state in Malaysia has different requirements.
What type of land are you interested in? Commercial, residential, industrial or agricultural?
@@yewfoong Residential ,preferably near Beach area / mountain / Lighthouse
@@rgkafk5djsk291 Perhaps you can look into Penang
@@yewfoong Thanks YewFoong! Looking forward to the next video.Keep up the good work 🙏
I am interested and I need help with MM2H also. Can you help me out I am from Canada.
For first timer interested in MM2H, the best way to apply for MM2H is to go through a registered MM2H agent in Malaysia.
are there any rental investment opportunities?
Yes for sure. When it comes to Mont Kiara rental investment, MK 10, MK 11 and MK28 are consistent in at least 5% ROI
Beware of currency loss, official letters if you ever receive is not in English.
Can I buy a high rise condominium unit from the U.S?
Yes you can. As long as the miminum price of property is RM 1 mil onwards in Kuala Lumpur.
I am from India, can i buy farming land in KL