Types of Properties Foreigners can Buy in Malaysia
There are many types of properties foreigners can buy in Malaysia! In fact, Malaysia is very liberal in terms of ownership of the property by foreigners. Due to such relaxation, some foreigners registered a 100% foreign owned company to purchase their properties in Malaysia. This helps them to easy transfer the ownership to others without hassle by way of disposing their shares in the company. Foreigners with Malaysia property exceeded value of MYR10 million per property may subject to approval of Foreign Investment Committee. Find out what are other advantages for foreigners owning Malaysia’s properties, click here!
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The types of Properties Foreigners can buy in Malaysia – The complete list
Residential houses in Malaysia are landed properties usually with land- they may be linked to other houses but separated by walls/fences or may be stand alone individual units.
It is row of identical or mirror-image houses sharing side walls,with normally have open spaces at the front and back. Each row may consist of 10 to 12 units depending on the width of the houses.
Semi- detached House
Semi-detached house or “Semi-D” consists by side as units sharing a party wall. Each house’s layout is normally a mirror image of the other. Semi-D houses have front, rear and any one side open space.
A bungalow or detached house is a standalone unit having open spaces on all sides.
Bungalow Lot (land)
Design and build your dream house in Malaysia! Good bungalow land is within a gated community complete with facilities to enjoy.
A condominium is a residential unit in a building where each unit is individually owned with shared common areas with facilities such as swimming pool, gym and recreational, subject to the rules and regulations of the management corporation.
A studio unit consists of a large room encompassing the living, dining and bedroom. Kitchen facilities are usually part of this central room. Recently, many studio units are further categorized by developers as SOHO (Small Office Home Office) or SOVO (Small Office Versatile Office).
Is a unit that normally located at the top level of the building and different from others in the building and different from unique features such as outdoor terraces, private entrance and or higher ceilings.
Is a single dwelling unit spread over two floors connected by an indoor staircase in a condominium. Penthouse and duplex units are generally expensive and associated with a luxurious lifestyle.
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Category of Land Tenor
Properties can be:
1. Freehold- no time limit- held in perpetuity
2. Leasehold – land owned by State Government for a term of usually of 99 years. Renewal of leases is usually accepted with payment of premium to the State Government
Freehold or leasehold properties are either issued with :
1. Individual Title- issued under the National Land Code 1965 (“NLC” for land, houses and commercial properties
2. Strata Title – issued under the Strata Titles Act 1985 (“STA”). Commonly issued for multi-storey buildings eg. apartments, condominiums, commercial properties.
Both types of titles have same legal status and rights protected equally under the NLC.
* Foreigners can own both freehold and leasehold properties for both titles.
What are the properties foreigners cannot own?
- All properties built on Malay reserve lands
- Low and medium cost properties are determined by the State Authority
- Properties allocated to Bumiputera (Malay quota) as determined by the State Authority
- Most of the agriculture lands in Malaysia
This information is gathered from Malaysia Property Inc, a Private-Government body set up to promote Malaysia’s properties to the world and also input from our in-house editorial team.