QUOTE(unknown warrior @ Jan 9 2015, 11:29 PM)
Plus, different states have different land laws.
I can buy through a relative but the title transfer is a hassle.
I can also buy through MM2H (My Malaysia Second Home).
MM2H minimum requirement are:-
i) MM2H Applicants aged below 50 years old:
- Must place a Fixed Deposit in a bank account in Malaysia of RM300,000
- Can withdraw up to RM150,000 for the purchase of house, medical insurance or children’s education expenses after the deposit has been placed for one year
- Applicants can use their car purchase grant to withdraw part of their Fixed Deposit after two years.
- Must maintain a minimum balance of RM150,000 from second year onwards and throughout stay in Malaysia under this programme.
ii) MM2H Applicants aged 50 years and above:
- Must place a Fixed Deposit in a bank account in Malaysia of RM150,000
- Can withdraw up to RM50,000 of the fixed deposit after one year to purchase of house, medical insurance or children’s education expenses.
- Applicants can use their car purchase grant to withdraw part of their Fixed Deposit after two years.
Must maintain a minimum balance of RM100,000 throughout their stay in Malaysia under this programme.
iii) MM2H Applicants who have purchased a house (or houses) with a total value of RM1 million and above.
- Must show evidence of ownership and full payment of the property.
- Must have been purchased within 5 years of application for MM2H visa.
- Will have to place a Fixed Deposit in a bank account in Malaysia of RM150,000 if under 50, and RM100,000 if over 50.
You locals know la...buying a house ain't cheap.
And that's just about properties, I haven't talk about PR yet. That's another story.