The acquisition of Malaysian real estate by non-citizens is governed by specific legal frameworks and regulations. These regulations stipulate certain conditions and limitations, including minimum purchase prices, types of properties eligible for purchase, and approval processes. For instance, specific states may have different minimum purchase prices for landed properties.
Opening the property market to international investors contributes to economic growth by stimulating demand and injecting foreign capital into the local economy. It can also lead to development and infrastructure improvements, ultimately benefiting both local communities and the wider Malaysian economy. Historically, Malaysia has encouraged foreign property investment as a means of economic development, regularly reviewing and refining regulations to balance foreign interest with national housing needs.
