Foreign Ownership of Malaysia Property Allowed

The Prime Minister’s Office has clarified that foreigners are allowed to own property in Malaysia, provided that certain conditions are met.

“On property purchased by foreigners, irrespective of nationality, Malaysia imposes certain conditions and information on these existing conditions are publicly available,” said the PMO in a statement on Tuesday (Aug 28).

“Conditions are clearly spelt out for those interested and information on this programme is also publicly available,” it said.

Here is the statement in full:
Malaysia welcomes all tourists including from China and there are no restrictions imposed on foreign tourists for so long as they meet all the necessary immigration requirements imposed by the Malaysian authorities.

In the case of China, tourists are given a single-entry 30-day visa to the country.

In 2017, Malaysia attracted some 2.3 million Chinese tourists and is looking to attract up to 10 million in the coming years.

On property purchased by foreigners, irrespective of nationality, Malaysia imposes certain conditions and information on these existing conditions are publicly available.

Purchase of properties, however, does not guarantee automatic residency in the country.

For foreigners wishing to make Malaysia their permanent residence, there is a government programme called Malaysia My Second Home (MM2H).

Conditions are clearly spelt out for those interested and information on this programme is also publicly available.

In welcoming foreign investments to Malaysia, the Government reiterates that it welcomes foreign direct investment that contributes to the transfer of technology, provides employment for locals and the setting up of industries.

PRIME MINISTER’S OFFICE
PUTRAJAYA

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MM2H News source: The Star