GUIDE TO PURCHASE PROPERTY IN SELANGOR BY FOREIGNERS, PERMANENT RESIDENTS AND FOREIGN COMPANIES (Updated June 2015).
With effective from 1 September, 2014, the new guidelines issued by Department of Lands and Mines Selangor has restricted foreigners from buying all types of properties costing less than RM2mil in most of the districts in Selangor.
According to the new guidelines, residential, commercial and industrial properties are divided into three zones. The minimum price for purchases by foreigners is based on the zones.
Foreigners, PR holders and foreign companies are only permitted to buy residential properties that are priced at a minimum RM2mil for Zone 1 and 2, and a minimum threshold of RM1mil for those located in zone 3, according to the new guidelines. The details of the zones and minimum prices based on the types of properties and zones are as stated in the schedule below:-
|Zone 1||Zone 2||Zone 3|
|Districts of Petaling, Gombak, Hulu Langat, Sepang & Klang||Districts of Kuala Selangor & Kuala Langat||Districts of Hulu Selangor & Sabak Bernam|
|Type of Property||Minimum Price||Remarks|
|Residential properties for Zones 1 & 2||RM2mil||Limited to strata (inclusive of landed strata) properties.|
|Residential properties for Zone 3||RM1mil||Limited to strata (inclusive of landed strata) properties.|
|Commercial properties for Zones 1, 2 & 3||RM3mil|
|Industrial properties for Zones 1, 2 & 3||RM3mil|
All agricultural land, Malay Reserve Land, non-strata landed residential and auction properties are now restricted for purchases by foreigners.
The new guidelines also govern participants of Malaysia My Second Home programme. They are to buy directly from the developers and not from the secondary market (sub-sale) and are only allowed to buy one residential unit only per family.
You are advised to seek consultation with a Malaysia Law Firm. For further information you may visit this page or email us firstname.lastname@example.org
For consultation on the issue of foreign investment in Malaysia, please proceed to send in your enquiry by clicking here.