Malaysia Property Guide

Malaysia has seen significant growth in the tourism sector, with an increase of almost 70% in tourist arrivals over the space of 3 years. The tropical climate and the modern, bustling cities, dense rainforests which cover around 80% of the country, the beaches and city life are all attracting more and more visitors yearly.

Malaysia Property Guide

Unemployment in Malaysia is low and the country benefits from a positive trade surplus and good infrastructure with many international schools available throughout the country. The “Malaysia My Second Home” programme has attracted a significant amount of participants from several nationalities.

In late December 2006, The Malaysian government announced that with effect the following day (21st December 2006) all foreigners would become eligible to purchase ANY residential property in Malaysia above RM 250.000 without restrictions with regards to usage or number of units. Previously, any acquisition of property in Malaysia required the approval of the Foreign Investment Committee (FIC) which could take as long as four months. Additionally, the sale of any property by a foreign national to a foreign national also required the approval of the FIC. Since December 2006, foreign interest in Malaysian real estate has soared.

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