Foreigner Purchase Threshold
Davi, an Aussie who resides in Malaysia who wishes to buy a semi-detached house in Petaling Jaya. He noticed from the last Budget 2014 that the foreigner purchase threshold has been pushed to RM1 million. While the latest Budget 2015 did not further increase the limit, Davi felt relieved that he is able to purchase the semi-detached house that he has viewed for several times for RM1.5 million. Is that true?
- less than 2 million; and
- not under strata title
Meanwhile, a comparison of the foreign purchase requirement in Penang, Kuala Lumpur and Johor are as follows:
So, how much did you know about this Legal Myth? Share with us your thoughts and feedback to us. Ask us a question on AskCA@Thursday or suggest a Myth Buster for us.