Buying Property in Malaysia as a Foreigner – Simple Guide🏡

Malaysia allows foreigners to legally purchase residential properties such as condominiums, serviced apartments, and landed homes in approved areas. However, the rules vary by state, especially in terms of the minimum property value required for foreign ownership. In most states, the minimum purchase price for foreigners is RM1 million. Some states offer lower thresholds—Melaka, for example, allows foreign purchases starting from RM600,000, while Selangor imposes a stricter minimum of RM1 million to RM2 million depending on the property’s location. It is important to note that foreigners are not allowed to buy Bumiputera units, Malay Reserve Land, or low- and medium-cost housing. The property purchase process in Malaysia for foreigners is relatively straightforward, especially with the help of a licensed real estate agency. It begins with finding a suitable property that matches your budget and preferences. Once a decision is made, you’ll sign a Letter of Offer and typically pay a 2% to 3% earnest deposit. This is followed by the signing of the Sale and Purchase Agreement (SPA) within 14 to 21 days, at which point a total deposit of 10% is required. One of the key steps for foreign buyers is applying for State Authority Consent. This approval is mandatory and must be obtained before ownership can be officially transferred. The process usually takes one to three months. During this time, buyers can also arrange financing. Foreigners are eligible to apply for home loans from Malaysian banks, often with a margin of finance up to 70%, depending on individual qualifications. Legal support and bank coordination are typically managed by your real estate agent and appointed lawyers. Once consent is granted and the bank loan is approved (if applicable), the buyer proceeds with the balance payment. Ownership is then registered with the Land Office, and keys to the property are handed over. Many foreign buyers wonder if the process is safe and legitimate. The answer is yes—foreign property ownership in Malaysia is fully protected under Malaysian property law. With proper due diligence, legal handling, and state approval, foreign buyers can confidently own property with full rights and legal security. If you’re interested in owning a home in Malaysia—whether for investment, retirement, or as a second home—our team is here to help. We provide personalized guidance, shortlist suitable properties, and support you throughout the legal and banking process. Contact us today for a free consultation and a private property tour tailored to your needs.