What Property Can Foreigners Buy?

What Property Can Foreigners Buy?

Foreigners are allowed to buy as many housing units as they wish providing they meet certain conditions:

1) The value of the property must be over RM250,000 – in Sarawak the limit is RM350,000.
2) Foreign interests are not allowed to buy land or properties located on land which has been designated “Malay Reserve Land”. In order to acquire ownership of Malay reserve land it would be necessary for that land to be re-titled. This would require acquiring land elsewhere which is not Malay reserve and getting approval to exchange with the other land and it become Malay reserve land.
3) Foreign interests cannot buy land which is deemed agricultural land unless it is over 5 acres and is being used for commercial purposes. It should be noted that Malaysian law allows homes to be built on agricultural land designated “orchard land” providing not more than one building is constructed on each acre of land. These one acre lots can be rented by foreigners but not purchased.
4) Many new developments have a Bumiputera (Malays and indigenous tribes) quota which means that the developer has to ensure that only Bumiputeras are allowed to buy a certain percentage of the properties.