1) |
Is the property purchaser’s rights protected under Malaysian laws? |
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Yes, The Housing Development (Control and Licensing) Act 1966 not only regulates the business of housing developers but also protects the interests of house buyers. |
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2) |
How can I get a loan in Malaysia? |
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You may obtain loan financing from Malaysian bank/finance institutions. Your margin of loan financing may depend on the chosen bank/finance institution’s internal credit assessment guidelines and your property will be charged/assigned accordingly. |
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3) |
What are the possible costs that may be incurred when purchasing property in Malaysia? |
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Please refer to Other Costs for more information. |
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4) |
Are there any restrictions on selling property? |
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There are no restrictions unless the state approval contains conditions. |
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5) |
Do I have to pay tax on the sale of my property? |
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Yes, please refer to Real Property Gain Tax (RPGT) under Other Costs for more information. |
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6) |
Can I transfer my earnings from my Malaysian property outside of Malaysia? |
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The Malaysian Central Bank does not impose any restriction on the repatriation of profits, rental and proceeds from divestment of investment in Malaysia by a non-resident. |