Tag Archives: Malaysia

Malaysia Property Loans for Foreigners: A Complete Guide

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Malaysia is one of the top spots for retirees and investors alike. It’s not strange, buying a property here is fairly easy and the process comparatively transparent. You’ll also enjoy a great quality of life with costs that are surprisingly low. It’s not strange why Malaysia has been ranked as one of the best places to retire in the world.

A commonly asked question is how easy it is, or if it’s even possible, to get a local property loan as a resident or non-resident foreigner. I decided to do research on the matter and have presented the results in this guide.

Let’s have a look.

How can I obtain a property loan as a foreigner?

Malaysia has some of the most generous and favorable ownership regulations for foreigners in Southeast Asia (it’s basically the only country that allows foreigners to buy land, as I don’t count Singapore). Still, banks can be a bit restrictive handing out loans, this is mainly due to the current economic climate and the recession which hit hard after 2008.

I’ve personally been in contact with a number of big banks in Malaysia, and I can see a clear pattern: be locally employed, a permanent resident or an MM2H visa holder, and things will become remarkably easier. The same it goes in Hong Kong, where your source of income should preferably be in Hong Kong, to increase your chances of getting a loan.

If you haven’t heard about the MM2H visa before, you can find more exhaustive information by reading this interview with Andy Davison.

Simply put, the MM2H visa is a government backed visa program which allows foreigners to stay in Malaysia for up to 10 years. There are a few countries that offer similar visas in the region, a strong proof that Malaysia welcomes foreign investors.

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Top Property Management Companies in Malaysia: A Complete Guide

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Buying a property is just the first step if you want to maintain your apartment or villa located somewhere overseas. Malaysia is not an exception, luckily you have plenty of property management companies to choose among, in all the major cities.

In this article, I present some of the most popular property management companies in the following places:

  • Kuala Lumpur
  • Penang (Georgetown)
  • Johor Bahru

Introductory remark

The companies are listed in a random order.

Kuala Lumpur

Below I’ve listed property management companies in Kuala Lumpur.

1. ARE Property Management

ARE Property Management is a fairly new company founded in 2013 by MK Chen. It’s a small company but they offer services with a personal touch.

Services offered

ARE Property Management, Kuala Lumpur Malaysia offers comprehensive packages with leasing, management and maintenance services. Their managing services include tenant management, marketing properties for rent, screening of prospective tenants and more. They mainly focus on rental services.

Address

Suite A-05-07, Plaza Mont Kiara, 50480 KL, Malaysia

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Buying Under-Construction Property in Malaysia: A Complete Guide

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Under-construction and off-plan property are preferred choices when foreigners decide to invest in real estate in Southeast Asia. There are both benefits and drawbacks when going for this option, the buying process is also somewhat different.

I often receive questions related to the buying process, financing, payment schedules and taxes for these kind of properties, but it can be difficult to find summarized information about these items. In this article you will learn the following for under-construction property:

  • The buying process
  • Financing
  • Payment schedule
  • Legal fees and stamp duty
  • Procedure of the SPA (Sales and Purchase Agreement)

Buying process for under-construction property

a. First of all, you need to find a handful of properties, shortlist them and choose a property

b. You pay a booking fee to enter into the buying process. There is no fixed amount, as the booking fee is decided by the developer. Generally, it’s 2% of
the purchasing price but can be any other amount

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Getting an Overseas Property Loan in Malaysia: A Complete Guide

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Buying an overseas property in markets that perform better than the one in Malaysia is the preferred choice for many investors. Often, these investors are high-net individuals who don’t want to input a big chunk of their money into one project, hence they want to get some backing financially.

One solution for this is to apply for a so called overseas property loan. Personally, I believe that overseas property loans will get more and more popular as we become more globalized and tend to move around.

I’ve dedicated this whole article to explain how it works when you apply for an overseas property loan in Malaysia, which banks that offer the loans, what requirements that apply and more. Let’s have a look.

What is an overseas property loan?

Overseas property loans are designed for Malaysian citizens or residents who wish to finance a property overseas. As mentioned, when the local market performs worse compared to an overseas ditto, the preferred choice for many investors is to look outside the borders.

Stricter requirements normally apply, but you will find a handful of banks in Malaysia who offer overseas property loans.

Often, you can only get a loan if you’re a high-net individual and if the property is located in a prime location. Why? Because properties in such areas generally generate higher rental incomes and have a higher resale value. This is standard for similar loans in Singapore and Hong Kong as well.

Which banks offer overseas property loans in Malaysia?

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Top Conveyancing Lawyers in Malaysia: The Definitive Guide

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Malaysia is one of the prime spots when foreigners decide to buy property in Southeast Asia, it’s not strange as it’s probably the most foreign friendly country in the region, when it comes to buying property.

Even if you’re not legally required to hire a property solicitor, also referred to as conveyancing lawyer, it’s highly recommended to assure that the process works smoothly and to avoid unforeseen issues later.

But it’s virtually impossible to find summarized information about conveyancing lawyers in Malaysia, therefore I’ve written this article where I present some of the biggest and most popular firms.

Introductory remark

The firms are listed in a random order.

Kuala Lumpur

Below I’ve listed conveyancing lawyers located in Kuala Lumpur.

1. Azman Davidson & Co

In 1981, in Ipoh, Perak, Azman & Co., and the Ipoh office of Lewis & Co., merged to form Azman, Davidson & Co. Lewis & Co. was named after its original senior partner JMM Lewis. The firm was known for representing the major players in the mining industry. On the other hand, the firm of Azman & Co was named after its founder, Dato’ Syed Azman bin Syed Mohamed.

Right after the merger, the firm opened the branch in Kuala Lumpur. Over time, Azman Davidson & Co in Kuala Lumpur emerged from a one person company to one of the biggest mid-size firm in the country with 40 lawyers and 50 supporting staffs. Most of the partners in the firm are from Southeast Asia.

The current managing partner is HY Chong, who has been with Azman Davidson & Co since 1991. He specializes in real estate, corporate, commercial, and insolvency.

Services offered

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Top Real Estate Agencies in Kuala Lumpur: The Ultimate Guide

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Do you plan to buy property in Malaysia?
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Kuala Lumpur is the heart of Malaysia’s economic and business development, the urban landscape features many office skyscrapers and shop-offices that attracts many foreigners to invest here.

There are many real estate agencies located in this modern city, but it’s not that easy to find the information about them, in a summarized way. Therefore, I decided to write this article, listing some of the top real estate agencies in Kuala Lumpur.

Today, you’ll learn the following:

  • Introduction about the companies
  • Property types & areas served
  • Recognition and awards
  • Projects managed
  • Address of the offices

Introductory remark

The real estate agencies are listed in a random order.

1. Knight Frank Malaysia

Knight Frank is headquartered in London, UK, with 418 offices across 60 countries, including Malaysia, The company employs more than 15,000 professionals, spanning over five continents. You’ll be able to find many services offered, for example

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Top Real Estate Agencies in Johor Bahru: A Complete Guide

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Johor Bahru becomes increasingly interesting, with much investment planned the coming decade, this rich city will continue to thrive. You probably even know that JB is located with proximity to Singapore, therefore, many people even decide to live in Johor Bahru, while working in Singapore.

Being one of the major hubs in Malaysia, you’ll also find a number of real estate agencies here, catering both locals and foreigners. Therefore, I decided to help you on the way, saving you some time, and writing this article where I list some of the most popular agencies in JB.

Let’s have a look.

Introductory remark

The real estate agencies are listed in a random order.

1. Propmex Realty 优产业

Propmex is one of the biggest real estate agencies in Johor Bahru and was established in 2006. The company has grown much over the years and currently has two office locations.

The company has dozens of persons working for them and they’re able to communicate in both Chinese and English.

Property types

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Top Real Estate Agencies in Penang: The Ultimate Guide

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Do you plan to buy property in Malaysia?
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Penang has been ranked as one of the most livable and price worthy places to be in the world. Naturally, a lot of foreigners, like American retirees, Asians, Europeans and Australians decide to relocate here.

If you decide to buy property in Penang, you’ll see that you have a number of agents to choose among. That’s why I decided to make things a bit easier and wrote this article.

Let’s have a look at some of the biggest and most popular agencies in Penang.

Introductory remark

The real estate agencies are listed in a random order. I’ve focused on agencies that have Penang as their prime location of doing business (for example, the location of their head offices).

1. Penang Properties

Penang Properties has been in the real estate industry for years and is one of the biggest real estate agencies in Penang. The company has 25 employees and is currently headed by Jeffrey Yeoh Jin Hau, that has over 25 years of experience in real estate.

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Top Real Estate Agencies in Malaysia: The Ultimate Guide

real-estate-agencies-malaysia

Do you plan to buy property in Malaysia?
Click here to get in touch with an experienced agent

Malaysia is one of the preferred choices when foreigners decide to buy properties in Asia. It’s not strange as it’s probably the most foreign friendly place in the region, when it comes to buying property.

But before you buy, you also need to find a reputable real estate agency who can help you to find a property and closing the deal. There are a number of real estate agencies out there, that’s why I’ve written this article where I list some of the top real estate agencies in Malaysia. Let’s have a look.

Introductory remark

The agencies are listed in a random order.

1. Knight Frank Malaysia

Knight Frank Malaysia is a subsidiary of Knight Frank which is a global real estate agency based in London, UK. Founded in 1896, Knight Frank is one of the oldest real estate agencies in the world with 418 offices in 60 countries including Malaysia. Knight Frank has more than 15,000 employees.

They have four offices in Malaysia. The head office is based in Kuala Lumpur, while three additional offices are located in Kota Kinabalu, Johor, and Penang.

Property types and areas

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Buying Commercial Property in Malaysia: A Complete Guide

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Do you plan to buy property in Malaysia?
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I’ve already written a complete article about how you can buy residential property in Malaysia as a foreigner.

Buying commercial property is less spoken about, especially in the media, but it can bring you great yields.

The regulations differ a bit from buying residential property, there are also some key considerations you need to understand before buying, for example the importance of location.

In this article, I explain how it works when buying commercial property in Malaysia, one of the most developed countries in Southeast Asia.

Can foreigners buy commercial property in Malaysia?

Malaysia is famous for being one of the most foreign friendly countries when it comes to buying property in Asia.

You have no particular restrictions to buy residential property and commercial property, you only need to deal with some minimum investment requirements, there are also some land types that are reserved for Bumiputera only.

When it comes to commercial property, the minimum investment doesn’t apply to the whole of the country whatsoever, but in places where the buying pressure is slightly higher, like in Kuala Lumpur.

Even if there’s Bumiputera reserved land, you have a number of other land types available.

What kind of commercial property can I buy?

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