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Old 04-28-2016, 12:00 PM
 
Location: Macao
15,956 posts, read 36,241,442 times
Reputation: 9496

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There are a number of good threads on this topic, but there are always more questions to add about it!

I am aware of the Second Home Visa program in Malaysia, with minimum requirements for house purchase, and certain amount of money in the bank, etc.

Let's just say someone were to just buy ANYTHING in Malaysia, at a cost that was well under the requirements. What does that mean exactly? Does that mean the person doesn't legally own that property? Or does it have more to do with visa issues, in that the person is required to leave every few months, regardless if he has a property or not?
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Old 06-26-2016, 12:33 PM
 
Location: Malaysia
322 posts, read 465,703 times
Reputation: 171
You have been misinformed. It doesnt matter that you are a foreigner or local. And it makes no sense to set up a Malaysian company to buy a property where you can buy it outright.

Cost of purchase is the same as in legal fees in sales & purchase agreement.

The only restriction is you can only buy properties above RM 1 million ringgit local currency. USD 1 is about RM 4 It was just RM 500k budget requirement 3 years back. This is to protect the foreigners from speculating the budget properties which is already out of reach to many local citizens. Guidelines:Can Foreigners Buy Property in Malaysia? - Property in Malaysia

By buying a home, it makes any foreigner qualified for MY second home program where you are given "visa- free" for extended stay with periodical renewals every 3 months. This is the official portal Malaysia My Second Home Official Portal - MM2H Official Portal

My wifey has had been helping foreigners from East to West , US to UK buying homes in the expatriates enclaves in Desa Parkcity to Mont Kiara, Valencia and Sierramas a decade back. http://www.iproperty.com.my/realesta...947/Sharon_Lee

And I am cooking meals of impressions to many of these owners for house warming and assisting them to government agencies to build houses and factories on their land purchases from law and order. Dun believe, just click .....I am hot mean olde chef who cook stories and foodies. www.facebook.com/zinglicious.

So, if you are buying a Malaysian Property from my wifey....you get a house warming buffet spread from me. https://www.facebook.com/zinglicious...pe=3&theater:D
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