Are foreigners (i.e. on a tourist visa) allowed to own or co-own residential property in Malaysia? If so, does anyone know where we can find a studio apartment for RM 100 000 or less? Preferably not a shitty area.
2006-09-13 13:49:07 · 4 answers · asked by janicebks 3 in Travel ➔ Asia Pacific ➔ Malaysia
According to the Foreign Investment Committee (FIC), foreigners are only allowed to purchase property above RM150,000.
You may want to check out this website/blogs if you are interested to purchase property in Malaysia.
http://www.mm2h.com/buying_pro_general.php
http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/
However, please check with the authorities before you pay the deposit as some states in Malaysia does not give consent to foreign buyers to own properties in that state.
2006-09-13 17:20:32 · answer #1 · answered by Mopiko 1 · 0⤊ 0⤋
On a tourist visa, it is doubtful. Contact the Malaysian Embassy and ask them how something like this would be possible.
2006-09-13 14:22:15 · answer #2 · answered by Adam 7 · 0⤊ 0⤋
yes u can
2006-09-13 15:49:52 · answer #3 · answered by kasih l 2 · 0⤊ 0⤋
yahh..u can
2006-09-13 20:05:55 · answer #4 · answered by hisahito 5 · 0⤊ 0⤋