What is Malaysia's housing immigration policy? What should I pay attention to when buying a house in Malaysia?

Immigration Conditions for Buying a House in Malaysia Many buyers mistakenly think that Malaysia can immigrate and invest in buying a house like Europe and China, but in fact Malaysia has not introduced a new immigration policy for foreigners. Buying a house and investing in immigration are two different things. Those who wish to live in Malaysia for a long time can apply for Malaysia's second home plan, obtain permanent residency for the whole family, and enjoy preferential policies and quality life.

What are the requirements for buying a house in Malaysia?

Permanent property rights: property rights are long-term and foreigners can buy them. During the renewal period, the property right is generally 99 years. The land use right certificate is held by the district government and can be sold and traded within the specified time. At the expiration of the validity period, the ownership of Turkey and the real estate on the ground are owned by government agencies free of charge. Upon expiration, Turkish users have the right to apply to the district government for renewal and pay the required fees. Years of property rights reserved by Malays or aborigines: This kind of house belongs to Malays and aborigines, and foreigners cannot buy it.

2. Real estate loans

Foreigners can apply for loans when buying a house in Malaysia, and Malaysia can attract foreign investors in recent years. General financial institutions can provide 50% to 80% of the loan amount. If investors work in Malaysia or participate in the second residence plan, the probability and proportion of borrowing will be higher, but foreigners need to clearly submit more documents to prove their residence and work in Malaysia.

3. The condition of the house

Judging from the actual situation of each state, the minimum threshold price for buying a house is different. According to different countries, Malaysia allows investors to apply for registration of the property they want to buy in their own names. According to Malaysian laws and regulations, foreign investors have the same maintenance as Malaysian locals when buying a house. All transaction contracts must be drafted in a standard format. Every real estate agent must be reasonable and legal, and can buy any number and type of real estate, such as new houses and second-hand houses. Moreover, foreigners do not need to get foreign countries to buy and sell real estate in Malaysia.

What should I pay attention to when buying a house in Malaysia? 1, blindly pursuing high-grade decoration

In fact, this situation is very common among foreign investors. After all, as we all know, houses are very important in people's minds, because China people have their own plot of "loving houses". Therefore, even if they invest in overseas real estate, China people pay great attention to the living environment and decoration of their houses, and some will spend a lot of money to update and renovate their houses and acquire a lot of equipment. So this is totally unnecessary in Malaysia.

On the one hand, Malaysia's houses are generally hardcover rooms, which can be kept in their original appearance only by regular maintenance, so don't worry. On the other hand, for investors, if they buy real estate only for rent, rather than preparing for their own immigration investment, then the house does not need large-scale high-grade decoration. Because for renters, it is more related to external factors such as location, price, transportation and education. And they won't pay more rent because the house is luxurious.

2. Blind pursuit of double balcony apartment

When choosing a house, you must choose a double balcony apartment. This is an old idea that many people in China have. This concept cannot be changed. However, if the best investment opportunity is missed because of these constraints, it is not worth it.

As far as Malaysia is concerned, its geographical position is close to the equator, and it has been exposed to direct sunlight for a long time, rather than facing south. No matter where we are, the sunshine is transparent, and many first-line sea view rooms are built along the sea, so we can also enjoy the beautiful seaside scenery.

3. Property management is cost-effective and earns more.

Property management is a very important part of real estate. If the property management service is not very good, it may greatly affect the customer experience of these properties. Some China investors will think that buying some properties with cost-effective property management can save costs and get better profits at the same time, but this is not the case.

In Malaysia, there are great differences in property management, and some property management is cost-effective for a reason. For example, the region is very bad, the regional economic development has no development potential, and the development trend is not very good. For example, the value-added development potential of this kind of property management is not great, and perhaps even they are unwilling to settle down.

4. Pay all the money in one lump sum.

Some China investors have strong financial strength, and they like to buy any real estate once and for all. This is very pleasant, but when you think about it, there is a better way. After all, the down payment for buying a house in Malaysia is relatively low, and there is no loan interest provision for installment repayment. Therefore, investors can definitely use this money for investment and wealth management, instead of paying off the house payment urgently, which not only increases their cash flow, but also gains some benefits from other wealth management products.