Buying / Renting Malaysian property

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The unique 'Marudu Breeze' property that this Website promotes offers an excellent rental and / or lease opportunity.

(Click on the various tabs above for specific category details.)

This said, whether you're thinking of renting, leasing or buying property in any country, it is advisable to carry out appropriate preliminary research.

( Rules & Regs are always changing so whilst everything offered on these pages is as we understand it, care should be taken to verify the latest situation.)

For individuals, we recommend consideration of the Malaysian My Second home Visa (MM2H).

The MM2H is an attractive and cost effective Government Immigration based mechanism providing a renewable, 10 year, multiple entry visa with a duty-free car allowance.

There is no Tax on Worldwide assets raised by the Malaysian Government on residents under this scheme.

For further details :

(Use of an agent - Government approved or otherwise - is not mandatory.)

In the latest Annual Global Retirement Index for 2014 by International Living, Malaysia has been voted the third best place in the World for retirees, particularly for North American Retirees.

The process of renting a home is pretty straight forward and once the terms have been settled a legal agreement is drawn up and signed by both parties.

However, as a basic outline to the buying process :

After settling on a Property to purchase, a Sales & Purchase Agreement (SPA or S&P) is drawn up.

These are fairly standard documents but it’s better to have it done through a reputable Lawyer.

A deposit (usually up to 10%) is paid upon signature of the SPA.

A memorandum of transfer document is signed.

Valuation of the property is usually made by a Government representative.

Some of the fees one can expect when purchasing Malaysian property are :

- Legal fees : 1% for the first RM 150,000.   0.7% for the next RM 850,000.  0.6% for next RM 2,000,000.  0.5% for the next RM 2,000,000.  0.4%  for the next RM 2,000,000.

- Property Stamp Duty : 1% for the first RM 100,000.   2% for the next RM 400,000.    3% over RM 500,000.

- If you are using an Estate Agent the commission fee can be negotiated but is usually between 2.5 and 3 %.  (The Malaysian board of Valuers stipulates a maximum of 3%).

- Capital Gains Tax :

In the 2014 Malaysian Budget, changes to Real Property Gains Tax Regs for Individuals (Non Citizens) read as follows :

Property re-sold before 2 years: 30 % Tax
                                      3-4 years: 30 % Tax
                                      5th year:   30 % Tax
                                      6th Year: 5 % Tax

- Malaysian Fuel prices :

Prices at the Pump in Sabah are very attractive on an international scale and fluctuate marginally with market movements - as rough indicator current prices are:
Petrol (RON 95) : RM 1.95 P/Litre

Diesel : RM 1.90 P/Litre

The Federal Government has acknowledged the merit of accelerating further development of the outer lying Provinces being cognizant of the intrinsic value of their Tourist and Agricultural prospects.

Over the past few years considerable government investment has been directed at Sabah's Road, Airport & Tourism infrastructure and there has been a burst of private development response in the form of Hotel and Recreation construction.

The current Federal Budget makes provision for generous expansion of Sabah infrastructure this year.