Are the participants
entitled to any special entitlements?
All participants are allowed to purchase residential properties at more than RM250, 000.00 each except
for certain areas in Sarawak (above RM300,000.00).
Can I purchase a house for residential purpose and a shop lot
to be rented out?
No, you are only allowed to purchase residential properties.
Do I have to pay the yearly assessment and quit rent for my
houses like the local?
In the event of unforeseen death is the participant able to
hand over his Malaysian assets to any of his beneficiaries smoothly. Does the Government have any
restriction on this matter?
No. Participants are not allowed to do this, unless for an emergency purpose and with prior approval
from the Ministry of Tourism.
Must foreigners buy new Malaysia property only, such as from
developers, or can they purchase any property, such as from individual owners (second hand or third
Participants can purchase any type of housing properties provided that it has been issued with CF
(Certificate of Fitness).
Do I need to obtain prior approval from Foreign Investment
Committee (FIC) for the purchase and sale of my house?
Participants under this programme are not required to obtain prior approval for the purchase and sale
of houses from FIC. However, they must write to the Ministry of Tourism giving details of the house
(location as well as price) so that a letter can be issued to them certifying that they are eligible to
purchase the said property under this programme. In addition, they are required to send a copy of the
approval letter obtained from the respective State Authority which has authorized the purchase or sale
of the property concerned to FIC for information.
Am I subjected to the property gain tax if I make a profit from
selling my house?