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Financial Property Ownership (Foreigner Co-Own)

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ims2628
post Feb 27 2015, 10:06 AM

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QUOTE(panda-man @ Feb 27 2015, 12:09 AM)
hi lyn'ers,

was looking around the web, but not much available. so hoping some sifu's here can help me out.

I'm married to a non-malaysian and was thinking to buy a new property and have both our names on the SPA. If the total price of the apartment is >RM1mil, is it ok to do a 50:50 split? or does the foreigner's share alone need to be >RM1mil?

Anyone know about how to go about this or better yet, dealt with this before?

thanks.
*
if joint name SPA must 1 million and above , some area require min 2 million for foreigner.

So i will advice just put your name in SPA if property lesser than 1 mil

 

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