Buyer’s Guide

Foreign Buyers

MALAYSIA MY 2ND HOME


Effective 1st Jan 2014, pricing limit for foreign ownership has raised from RM500,000 to RM1,000,000 subject to different state’s capping.

Such as Selangor Land Office has changed the minimum purchase price regulations for foreigners to RM2 million in the following districts :
-Petaling
-Gombak
-Hulu Langat
-Sepang
-Klang
-Kuala Selangor
-Kuala Langat

The Malaysia My Second Home (MM2H) is a scheme promoted by the Government of Malaysia to allow eligible foreigners to stay in Malaysia for as long as possible on a multiple-entry social visit pass. The Social Visit Pass is for an initial period of ten (10) years, and is renewable thereafter.

Participants of the MM2H Programme are provided with various incentives to make their stay more comfortable and enjoyable in Malaysia:

  • Any foreigner may purchase any number of residential property in Malaysia, subject to the minimum price established for foreigners by the different states. They start from RM500,000 per unit for most states
  • Car purchase without import tax but subject to 6% GST
  • Education for children under 18
  • Tax exemption subject to existing guidelines
  • Domestic help

For more information about MM2H, click here.