Hi Dylan, can you do a video about foreigners buying offices (fully commmercial, not HDA) in Kuala Lumpur? Apparently, the office has to be purchased under a Sdn Bhd? Would be great if you could elaborate on this.
Yes, it needs to be bought with a Sdn Bhd or Holding Company with 51% majority share by a Malaysian. Basically its a way to protect Malaysian's interest in buying properties and setting a price limit for foreigners to enjoy the perks of being a Malaysian. Sure, let me see if I can slot it into my Sharing Series! Do check it out too! Thanks for watching HK!
Thank you for the kind words! Most of the banks in Malaysia are giving out loans to foreigners, if you have any questions do contact me via my email. Thank you
Is one property a foreigner willing to buy in kl necessarily have to be at least a million ringgit or a million ringgit can be divided into multiple properties?
Hello dylan, thank you for your video. You mentioned foreigner buying a property has to comply with the first two guide line, which is 1) in KL > 1 million and selangor > 2 million, and 2) the property has to be strata. Does this apply to buying land in malaysia? If so, how does that work with the 2) guilde line (Strata).
Hi Hucklim, for a foreigner buying a land in KL (some other states may differ) it has to be more than RM1mil and the land must be at least 5 acres, for agricultural activities on a commercial scale, agro-tourism projects, or agricultural/agro-based industrial activities. Then, if you wish to convert the agriculture land there are other steps needed to do after obtaining it. Thanks for watching!
It depends if its fully commercial or not. For fully commercial properties it can be below RM1mil but it needs to be bought with a Sdn Bhd or Holding Company with 51% majority share by a Malaysian. Government are also now trying to implement foreigners to buy below RM1mil for overhung properties but no exact guidelines has been out yet, unfortunately. Thanks for watching Samuel!
No, in fact foreigners can buy real estate across whole Malaysia and we are very welcoming on that! But there are different criterias to each states. Thanks for watching buddy!
@@dylanngan Is it true that getting a residency in Malaysia through MM2H is very complicated and even after investing 1 Million MYR there is no guarantee one can get it?
@@TravAlligator Yes it’s definitely a very tedious process on applying for MM2H and so far I have not heard anyone not being able to obtain MM2H if all criteria are matched. Just the time taken is very long. So normally I would suggest to just buy above RM1mil SPA price to solve this issue.
Hi Dylan, can you do a video about foreigners buying offices (fully commmercial, not HDA) in Kuala Lumpur? Apparently, the office has to be purchased under a Sdn Bhd? Would be great if you could elaborate on this.
Yes, it needs to be bought with a Sdn Bhd or Holding Company with 51% majority share by a Malaysian.
Basically its a way to protect Malaysian's interest in buying properties and setting a price limit for foreigners to enjoy the perks of being a Malaysian.
Sure, let me see if I can slot it into my Sharing Series! Do check it out too!
Thanks for watching HK!
Thank you very much for the valuable information. Would you provide the bank names, that are giving loans to foreigners?
Thank you for the kind words! Most of the banks in Malaysia are giving out loans to foreigners, if you have any questions do contact me via my email.
Thank you
Is one property a foreigner willing to buy in kl necessarily have to be at least a million ringgit or a million ringgit can be divided into multiple properties?
Hi Samikhan, it’s a must to own a property that has a SPA price of RM1mil. The hint is SPA price :)
Thanks for watching!
samikhan2144
Of course RM1 mil per property
Hello dylan, thank you for your video. You mentioned foreigner buying a property has to comply with the first two guide line, which is 1) in KL > 1 million and selangor > 2 million, and 2) the property has to be strata. Does this apply to buying land in malaysia? If so, how does that work with the 2) guilde line (Strata).
Hi Hucklim, for a foreigner buying a land in KL (some other states may differ) it has to be more than RM1mil and the land must be at least 5 acres, for agricultural activities on a commercial scale, agro-tourism projects, or agricultural/agro-based industrial activities.
Then, if you wish to convert the agriculture land there are other steps needed to do after obtaining it.
Thanks for watching!
Hi. I saw somewhere on internet that if you buy an apartment in KL minimum price can be 500k myr. Is it true?
It depends if its fully commercial or not. For fully commercial properties it can be below RM1mil but it needs to be bought with a Sdn Bhd or Holding Company with 51% majority share by a Malaysian.
Government are also now trying to implement foreigners to buy below RM1mil for overhung properties but no exact guidelines has been out yet, unfortunately.
Thanks for watching Samuel!
Can developers in KL apply for special permission to sell to foreigners below 500k like in jb?
So far there’s no guidelines for this unfortunately.
Ooo , I was looking to buy lot and build myself a house?
That’s a great idea! It depends on the location of the land you are planning to buy.
Thanks for watching!
As a Singaporean without MM2H, may I know the maximum loan amount that can likely be obtained from a Malaysian bank? Thanks
Hi Andy, the maximum loan margin that can be obtained is up to 90% with tnc. Generally it would be around 80-85%.
Thanks for watching Andy!
@@dylannganthank you, Dylan.
So foreginer can buy real estate only in KL and Selangor?
Foreigners can buy in other states too just different TnC may apply
@@dylanngan hi do you know what is the minimum in Penang? Thx
RM750,000 (mainland)
Overhang strata/high-rise properties: RM800,000 (island)/RM400,000 (mainland)
No, in fact foreigners can buy real estate across whole Malaysia and we are very welcoming on that!
But there are different criterias to each states.
Thanks for watching buddy!
Only a fool would put 51% the property in their wife name. There are ways around this law. Hire 2 Malaysian attorneys to hold 25.5% of the asset.
This method is good too but I believe it requires a fee for this.
May I have your contract number ?
Hi you can email me at mynameisdylanngan@gmail.com
Thanks for watching
@@dylanngan Is it true that getting a residency in Malaysia through MM2H is very complicated and even after investing 1 Million MYR there is no guarantee one can get it?
@@TravAlligator Yes it’s definitely a very tedious process on applying for MM2H and so far I have not heard anyone not being able to obtain MM2H if all criteria are matched. Just the time taken is very long.
So normally I would suggest to just buy above RM1mil SPA price to solve this issue.