Are you looking to set up home in Malaysia? If you are looking to buy a home there
now is the perfect time, with the best conditions to invest in this beautiful part
of the world. Whether you are looking to invest in a property in the popular coastal
resorts or be part of the growing business centre of Kuala Lumpur. It is estimated
that there will be 13 million workers there by 2013 and with the creation of the
light railway in 1998 commuting has become much easier.
Malaysia compares favourably with other South East Asian nations, some of which
have strict policies against foreign people owning land, allowing them to only buy
apartments or leasehold agreements. Owners can avoid the thirty per cent capital
gains tax if they hold the property for at least five years, after which you only
pay five per cent.
This is not the case in Malaysia. Although there are reserve lands for Malaysian
citizens to own, foreign investors can apply to the Foreign Investment Committee
based on their current guidelines. There are two different types of ownership, a
freehold that allows perpetual ownership and leasehold which allows the owner to
stay for a specified period.
There are a variety of finance deals available, with banks offering a variety of
credit. Recent guidelines only allow second home purchasers a housing loan of up
to sixty per cent. Stamp duty on the purchase price is one per cent on the first
100,000 RM, two per cent on the next 400,000, three per cent on 1.5m and four per
cent on the remainder.
When buying a house, you must make sure the property developer has a valid license
and the land is available for purchase. If it is Malay Reserve than it is not for
sale, so you must make sure this has been checked before making any purchase.
Developers should give you free brochure information, allowing you to make the best,
most informed choice.
Why not search for the best homes by browsing through the site?