Hi there everyone,
my name is Lukas and I come from Europe. While, I was reading this forum for some time, I have registered recently. My situation is as following. Coming to KL 4 times a year for 2 to 4 weeks each time. My plan is to buy property in KL( foreigners allowed to buy property having price over RM1M). As most of the time the property will be idle as of now, I would like to rent it out, with intention to live there in say 10 years from now. I would prefer freehold as well possible financing( I am coming to Malaysia as tourist, but can prove income from overseas [UAE or Europe]). I have checked a few developments in person. Mostly in North. Now I have an idea what I am looking for. Ideally dual key property to increase income, when away. Higher cashback(rebate) the better. Willing to put down say RM200K out of RM1M in cash. I will welcome any suggestion as I have no experience investing in Malaysia, therefore I am more careful.

Regards,

Lukas

This post has been edited by meir13: Jun 9 2016, 11:56 PM

for foreigners, they cant get 90% loan.
Singaporean can get higher, while some other countries only getting like 50%-60%.

u need to check with your oversea banker.
As i dont think local bank here can give out loan if you income is not generating here.

btw, i am not a banker, above just my opinion only.

You can refer to the following link:

https://loanstreet.com.my/learning-centre/b...-as-a-foreigner

http://www.iproperty.com.my/resources/expa...hase-guide.aspx

http://www.propertyinmalaysia.com/regulati...in-malaysia.php

Thanks to members forever1979 and ReWeR for their input. As I am HSBC Premier client overseas, they can offer me with higher LTV loan. Otherwise still looking for right property. In past, I did have several property projects, which have always involved, buying land first and than to build. So I can control quality and cost.

This post has been edited by meir13: Jun 12 2016, 08:53 PM

Well, as a hsbc premier client, I believe you can ask your RM to call someone in the msian hsbc branch as an introduction and they probably can brief u on these things. Not sure if they can help with finding the properties tho.