What are the requirements for buying a house in Malaysia?

The only condition for overseas people to buy real estate in Malaysia is that they need to buy more than RM 500,000, equivalent to about RMB 830,000. If you can't reach this cost, you need to join the second housing plan. In addition, after foreigners buy Malaysian real estate, they are not allowed to sell the property within three years from the date of signing the purchase contract. In fact, Malaysia has a housing immigration policy. If you want to immigrate, the country can completely achieve it through housing immigration.

Foreigners can own real estate in Malaysia and are protected by the Malaysian government, but there are certain regulations on the value of buying real estate. Overseas people can't buy Malaysian real estate below RM 500,000, and foreigners can't buy a house below RM 2 million. If you buy other real estate, it can't be less than RM 2 million. Under normal circumstances, overseas people can only buy two properties in Malaysia. If they want to buy more, they must apply.

According to the relevant regulations of the Malaysian government, when the property is sold for less than 5 years, 30% of the total value of the property needs to be paid to the government as a transfer fee. If you sell the property after 6 years, you only need to pay a transfer fee of 5%. You can also borrow money to buy a property in Malaysia, usually up to 70% of the total mortgage. The conditions for buying a house in Malaysia are actually relatively easy to meet. As long as there is enough money, you can generally buy it.