Buying property in Malaysia

The property market in Malaysia is tightly regulated. 

Foreigners are allowed to buy from a wide choice of properties in the country and have full legal rights.  However, there are certain restrictions on what properties they can buy.

If it is not an off-plan purchasing, prior to the property being built, a structural survey is recommended once a property has been chosen.

Generally, the next step is to present a letter of offer and acceptance to the vendor. If accepted, the buyer must then pay a non-refundable deposit of three per cent. From this point, the purchaser has 14 days to sign the sale and purchase agreement and pay seven per cent of the deposit. The buyer then has three months in which to complete the payment in full.

Purchase of property that is still under construction by a licensed housing developer, will usually involve an initial 10 per cent deposit, with a series of staged payments as the building programme continues.