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Kuala Lumpur, Malaysia.

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Sep 6, 2018
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Subdivision of land Malaysia

The process of planning and control of development of land uses in Malaysia, now, is primarily exercised by the local and state authorities. In Malaysia the major land legislative procedures include conversion, subdivision, partition and amalgamation. Subdivision of land in Malaysia is a crucial legal planning procedure which includes breaking up of an alienated land held under a final title. This process regulates a proprietor of any alienated land held under Registry of Land Office title to hold two or more portions of the land under separate titles, in the event that the land has been sub-divided and held under the final title (as stated in section 135 of the National Land Code).

According to the Malaysian land management viewpoint, area growth in Malaysia essentially implies the change of unique use of any alienated area that effects its restriction in interest, other conditions, and type of land use in contrast to what has been earlier accepted by the State Power upon drawback. Remarkably, area growth is no where mentioned under the National Land Code (NLC) which is the regulating rule for land management in Malaysia.

The process of subdividing land needs the acceptance of both the regional Authorities and appropriate resources such as the water power. For the proprietors who are not knowledgeable in submitting a DA (Development Applicant), it may be worth considering professional guidance and support in working with the variety of rules and specifications of regional local authorities. Each council, although having identical obligations in controlling development acceptance, have their own procedures and circumstances in accepting application for the sub-division as well as development.

Approval of subdivision of land demands:
* An environment free from restriction in interest to which the land is subject
* A situation unopposed to any written law in force
* Obtaining any necessary approval of planning authority and State Authority for the development area
* No outstanding item of land revenue
* A suitable means of access to be had as of right from such portions of a road, river, a part of the foreshore or a railway station, or to a position within the land from which such a means of access is available.

Application for land sub-division in Malaysia must be submitted in writing to the Land Administrator, accompanied by the prescribed fee, a plan of land which includes details of sub-division and consent from other authority such as a person or body having an interest in the land. A certified Land Surveyor is typically necessary to get ready the plan for the sub-division and other details needed for planning subdivision program and for the documentation procedure under the Subdivision Act 1988.

The subdivision procedure is completed in four primary levels and must be performed in this order: *  A permission for planning is needed for the subdivision under the conditions of the Council
* Certification of the sub-division plan, which grants the subdivision under the Subdivision Act 1988; * Obtaining a Declaration of conventionality, which is the crucial approval enlightening that all specifications have been met;
* Lodgment of the records at “Land Victoria’, which lets new issued title document for each block designed under this sub-division.

Throughout the subdivision procedure there are a variety of charges needed. Fees consist of, but are not restricted to:
* Fees for Planning Permit Application; Fees for certification application;
* Open area contributions;
* Service power charges and / or costs; Land Victoria charges for lodgment of Qualified Plans;
* Works guidance fees;
* Maintenance of the task bonds; and,
* Professional charges for proper parties (e.g. certified area surveyor).

Approval of the application for land sub-division, as stated in the National Land Code, lies solely in the hands of Land Authority. With the approval of the State Commissioner or Land Administrator, the proprietor was entitled to the benefit of:
* A charge over the land, or
* A lease over the whole or any part of the land, or
* A charge of such lease over the whole or any part of the land, or
* A lien over the land or any such lease, necessary - Section 136 (e)

Therefore, in these situations where the land is selected or acquired for the objective of developments in its status of agriculture, the program for the transformation (to developing or industrial status), sub-division of area, wherever appropriate, must be acquired first before any real growth is taking place.

Techniques for assuring that the agreement of the block of land or developments thereon shall comply with the current zoning at the time of recordation and that roads, or rights-of-way, surrounding or within divided land shall be of such sizes and qualities and in such places as may be considered necessary to provide potential traffic, that satisfactory easement or rights-of-way shall be offered for water-flow and drainage and resources that area which might represent a trouble to protection, health or common well being shall be safe for the objective for which it is divided, and that adequate condition for the supply water is made.

The legislative development procedure of land subdivision is very simple and convenient. It is based on well documented and easily comprehensible legislations of the National Land Cod and the State Land Rules. However, land in Malaysia is a state matter and is not subjected to a common national policy. And hence land policy in the country witnesses diversity.

Guidelines for foreigners buying a house in Malaysia

Aug 30, 2018
Guidelines for foreigners buying a house in Malaysia
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Guidelines for foreigners buying a house in Malaysia

Are you an expat looking to call Malaysia home?
Check out our guide which details the property purchasing process and info on MM2H.

Foreigners in Malaysia are either expatriates or tourists and thus have been received with warm welcomes when visiting our country. The government have been encouraging foreigners to opt to make Malaysia their second home too, whether for long-term stay, retirement or investment purposes.

Before making any decisions, you would need to understand certain policies and legal fees imposed by the government. This article serves to guide you through the properties available to foreigners, the minimum purchase value imposed by state authorities, and the property financing in Malaysia.

What kind of properties can foreigners own?

Foreign ownership of property is liberal (foreigners can even own 100% of the property) in Malaysia as long as minimum requirements are met. In law, foreigners can own any type of properties with the exception of:

  1. Properties valued less than RM1 million in most of the major states.

  2. Properties built on Malay Reserved land

  3. Low and medium cost residential units as defined by the state authority

  4. Properties distributed to Bumiputera interest in any development project as determined by the state authority.

Having said that, foreigners can easily own a terrace house, bungalow, landed property, studio unit, condominium, commercial property, industrial property, agricultural land and industrial land (except Malay Reserved Land).

Procedures for acquiring a property by a foreigner 

Refer to attachment

The costs involved – Stamp duty & Legal fees

Refer to attachment

What is the minimum property purchase price?

Generally speaking, a minimum value of RM1 million is applied to all kinds of property in almost every state, except for 4 (refer to attachment). However, the respective state authorities remain in power to amend the minimum value.

How can foreigners purchase at a lower price?

Malaysia My Second Home (MM2H) is a programme tailored for foreigners who wish to stay in Malaysia for a long period of time (10-year visa). Quite a few expats who have worked in Malaysia for a number of years have applied for MM2H as they wish to retire here.

Before putting in an application, foreigners below 50 years of age are required to prepare a minimum of RM500,000 in their Savings Account / Current Account / Fixed Deposit whereas those aged above 50 years of age need to have at least RM350,000 in similar accounts.

Despite the relatively high requirement, one clear advantage of the MM2H programme is that it provides cheaper property price tags to foreigners.   


The table below shows the lowest value of residential property foreigners can buy with and without MM2H

Refer to attachment

Home loan financing options

The Margin of Finance (MOF) can go up to 80% for MM2H holders, while the rest would generally obtain a 70% MOF. In this matter, foreigners are usually better off taking loans from foreign banks in Malaysia. However, should a foreigner be married to a Malaysian citizen, the spouse will be required to take part in the loan financing to enjoy an MOF as high as 90%.
Find a suitable home loan that meets your requirements in Malaysia.



The policies mentioned above were put in place to tackle the ballooning property price in major cities. Other than that, Malaysia is still a foreigner-friendly country with relatively cheap living costs. Make sure you are fully prepared with your funds and don’t forget to mingle with the multi-racial community here in Malaysia!

Housing Oversupply Worsened In 2017

Apr 26, 2018
Housing Oversupply Worsened In 2017
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The supply glut of residential properties across Malaysia and their total value increased substantially last year, according to the latest data from the Valuation and Property Services Department (JPPH).

In fact, the Sun Daily reported that the number of unsold houses surged 67.2 percent to 24,738 units in 2017, with their combined value rising sharply by 82.8 percent to RM15.64 billion on an annual basis.

Despite the surplus of available dwellings, the Malaysian House Price Index rose 6.5 percent year-on-year, with home values pushed up mainly by terrace properties.

Specifically, the three Malaysian states with the most number of residential oversupply in 2017 were Penang (3,916 units), Kedah (3,783 units) and Johor with 4,376 units.

In Penang and Johor Bahru, unsold homes primarily comprise strata-titled housing costing above RM500,000. In Kedah, it mainly consisted of three-storey residences priced from RM300,000 to RM400,000, but the number of unsold inventory there more than tripled, while priced increased by over five-fold.

Moreover, developers started the construction of 133,592 units in 2017, up 14.4 percent from a year ago, while the supply pipeline increased 24.5 percent to 132,731 units.

“As at year-end, there were more than 5.4 million existing residential units, with another 480,892 units in the incoming supply and 448,199 units in the planned supply,” said JPPH in its 2017 Property Market Report.

Meanwhile, JPPH Director-General Nordin Daharom revealed that they have implemented the Unsold Property Enquiry System Malaysia on Tuesday (17 April).

This allows the public to search for unsold real estate across the country and sort them by area, status and property type. “The search results will display the number of unsold units according to local council zones and value,” he explained.

Furthermore, Malaysia’s property market remained sluggish in 2017, with transaction volume dropping by 2.7 percent year-on-year to 311,824, while overall sales value fell 3.8 percent to RM139.84 billion.

Home sales accounted for 62.4 percent of the total deals last year. Although the number of transacted residential units declined 4.1 percent to 194,684, their total value edged up 4.4 percent to RM68.47 billion.

The most sought-after residences cost RM200,000 and below, as this made up almost 45 percent of the successful sales last year.

In the new build segment, home builders released 77,570 units in 2017, surpassing the 52,713 units launched in the prior year. In addition, their sales-to-launch ratio improved slightly to 32.6 percent from 31.4 percent in 2016.

Looking ahead, Nordin expects Malaysia’s property market to perform “better” this year, given the higher number of deals recorded in early-2018.

“The transactions have increased in the first two months of this year by four percent compared with the first two months last year, indicating market conditions have recovered compared,” he added.

source: PropertyGuru

George Town Shophouses To Be Turned Into Co-Working, Co-Living Spaces

Apr 26, 2018
George Town Shophouses To Be Turned Into Co-Working, Co-Living Spaces
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In a bid to encourage more people to stay in George Town, Penang Island City Council (MBPP) plans to transform council-owned shophouses into co-living and co-working spaces, reported The Edge.

“We want to repopulate George Town, so we want to have co-living spaces on the first floor of these shophouses, while the ground floor is used for commercial activities, preferably traditional trades and artisans,” newly appointed MBPP Mayor Yew Tung Seang told the Malay Mail.

In line with this, the council has teamed up with Think City and George Town World Heritage Inc (GTWHI) to refurbish a row of council-owned shophouses in the iconic Kimberley Street as the pilot co-living and co-working facilities for artisans.

Yew said each shophouse will be sublet to several tenants. They can utilise the ground floor for commercial purposes, while two different tenants will occupy two partitioned living rooms on the first floor. However, the commercial spaces will only be offered to local artisans and traditional trades to preserve George Town’s heritage.

“Rental will be kept affordable so that people will want to come back to live in George Town,” noted Yew, adding that the plan will complement the council’s overall plans to transform the historic area into a liveable space for all.

“We have [also] launched a few pocket parks and back-lane project so that these are accessible for the people and people can travel safely on bicycles using these back lanes.”

Meanwhile, co-working operator Colony expects to open its second facility in Malaysia at KL Eco City by June 2018, following the opening of its 18,000 sq ft co-working space at Vipod Residences along Jalan Kia Peng in July 2017.

Image sourced from Penang.WS
Source: PropertyGuru

10 Things to Consider Before Hosting on Airbnb

Apr 26, 2018
10 Things to Consider Before Hosting on Airbnb
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Thinking about putting up your first listing up on Airbnb?  
Here are 10 things you need to think about BEFORE you start.

Do you have a lonely couch that you’d like to make a few extra bucks from? Have an extra bedroom you could rent? Or maybe you’ve heard about how much your friend is making from hosting on Airbnb and it made you want to get a dedicated unit to rent out?  Regardless of what your situation or motivation, here are some important things to think about first.

1) Goal vs Expectation

Yes, we all  know you want to make some money from hosting on Airbnb but what is your goal exactly?  Just the occasional extra income? A reliable and consistent secondary income? Income replacement? Or build a short term rental empire?  Depending on your goals, the amount of capital, time, and risk involved in hosting on Airbnb will be quite different.

A good way to evaluate your goals is to first determine what type of a host you want to be.

2) Inviting Strangers to Your Home

When you are hosting on Airbnb, you are literally inviting complete strangers into your home.  And if you’re only renting part of your unit and you’ll be staying there, you are going to be spending nights with complete strangers under the same roof in your home!

If the idea of that alone makes you feel uneasy, you’ll need to think long and hard about hosting on Airbnb.  If having strangers staying with you is not an option, your only Airbnb route is to find and acquire a dedicated rental unit.

Are you able to comfortably and reliably communicate with and host complete strangers?

3) Time Commitment

Listing and running a successful Airbnb listing could take MUCH more time and effort than you expected, especially in the beginning.  Even when you’ve got your procedures down and you’re not spending as much time handling all the bookings, you could still expect to be on call for emergencies whenever you have a guest staying with you.  Do you have the time and the flexibility to do what it takes to succeed?

4) Listing Positioning

What makes your unit special or different?  Why would a potential guest want to look at your listing and book with you rather than the growing list of other good alternatives?  You’ll need a compelling offer that positions your unit favorably among competition.  This could include everything from the photos and descriptions on what you choose to highlight to how you go about pricing the unit.  Getting the right positioning could take constant adjustments as your market and competition changes.  Are you willing to put the time and energy to get your positioning right?

5) Landlord Relations

Unless you own your home, you’ll need to think carefully about how you want to approach and communicate with your landlord to host on Airbnb.  Yes, some folks host on Airbnb without their landlord’s knowledge but we strongly urge you to NOT do that.  Nothing kills an otherwise good Airbnb deal faster than an angry landlord. Are you ready to speak to them candidly about your short term rental intentions and to demonstrate how you will continue to one of their best tenants?

6) Neighbor Relations

Whether you own or rent, chances are you will have neighbors.  How do you think they will react when (not if) they find out your hosting on Airbnb?  This will vary greatly by city and neighborhood.

If your city already has many angry neighbors petitioning the council to ban or restrict Airbnb, you’ll want to extra careful before listing your unit or you could face hefty fines.  Ultimately, you’ll need to decide if the potential headaches from your neighbors are worth the effort to host on Airbnb.

How would you respond to angry neighbors?

7) Risk & Liability

Outside of personal safety, you are exposing yourself to a host of other risks by hosting on Airbnb.  You’re putting your property at risk of theft.  You’re at risk of renting to a squatter. You’ll also risk potential liability risk if your guests get injured or if they damage other property or injure neighbors.  With the proper Airbnb liability insurance coverage, you could minimize much of these risks.

8) Optimal Pricing

Pricing is NOT just setting your weekday and weekend rates and then never revisiting again.  Unless you are okay with leaving profits on the table, optimal pricing takes time to get right initially, and to keep it right as you continue to host on Airbnb.    Are you up for the task of constantly monitoring competitive rates and special events in order to keep your pricing optimized for profits?  Or better yet, finding a trusted 3rd party pricing partner to help you?  Learn more about Airbnb Pricing Strategies.

9) Keeping Up with News & Market

As you can already tell, if you want succeed as a host on Airbnb, you’ll need to be constantly learning and adapting your listing to the changing market conditions, guest tastes, or even local law.  You may have very different kinds of travelers during different seasons that require completely different positioning.   Your city may be evaluating a ballot measure that could significantly affect your Airbnb listing (or shut it down).  Ready to keep up?

10) Life Interruptions

With all these considerations, you can expect that hosting on Airbnb will interrupt your life in one way or another.  Especially if you’re hosting just one unit and not hiring 3rd party listing manager to handle hosting for you, you’ll need to be ready to check guests in and out, do all the cleaning, restocking, and responding to guest inquires, lock outs, neighbor complaints, etc…

Being a successful host on Airbnb can and will interrupt your life, especially if you’re building a portfolio of units.  Are you ready for that interruption?  Are your spouse, kids, or pets ready for that?



Apr 16, 2018
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韩国土地住宅公社(LH)为逾100万个首尔家庭提供各式房屋,并以销售与租赁分类。此外,该公社通过综合发展与建筑规划,把平均 6年的项目期减至4年,加快供应房屋。






































我国缺乏记录房屋供需的综合数据库,无法掌握家庭收入、特点和喜好资讯,造成供应不符合家庭需求,大量住宅滞销,包括各州的 可负担房屋。






















国行认为,可负担房屋项目中,可减少成本的部分包括采用更先进的建筑方式、将各部与机构的资源整合在1个单位,以及降低合规成 本。




此外,政府可以降低可负担房屋项目的合规成本,譬如减少申请费、地皮出让金与转让成本、加快批准和提高容积率(plot ratio)。











POWER!by AKPK在线学习网站提供购屋意见,协助决定购买或租赁房子。





国行认为,缺乏强而有力的法律保护和迅速廉宜的业主租户解决争端程序,让一些家庭倾向购买而不是租赁。国行数据显示,居住在 租赁产业的家庭只有24%,比加拿大(31%)、澳洲(33%)和纽西兰(36%)低。











在2016至2017年首季,35%家庭有能力购买25万令吉的房屋,但只有24%新屋价格在25万令吉范围内,显示可负担房屋供应不足。国行 指出,自2012年,新屋供应多数为高端产业。








5 Reasons Not to Buy a House and 5 Reasons You Should

Mar 28, 2018
5 Reasons Not to Buy a House and 5 Reasons You Should
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Top Expat Neighborhoods in Kuala Lumpur

Mar 25, 2018
Top Expat Neighborhoods in Kuala Lumpur
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Top Expat Neighborhoods in Kuala Lumpur
As the federal capital and most populous city in Malaysia, Kuala Lumpur has emerged as a major attraction for white-collar, Western expats throughout the years. Much like Singapore, expats from the United States and Britain are attracted to Kuala Lumpur due to its rising quality of education and health care, as well as its improving infrastructure. Unlike Singapore, however, Kuala Lumpur offers expats a cost-effective place to say while sustaining a high standard of living. There are many diverse areas throughout Kuala Lumpur in which to reside, but expats clearly seem to favor certain neighborhoods over others. Although the increasing expat population has driven up property values slightly, there are still many affordable options available to those looking to relocate to Kuala Lumpur.

Mont Kiara
Mont Kiara is a prosperous township located northwest of Kuala Lumpur’s city center. Composed of mostly residential condominiums and office complexes, Mont Kiara is just a 15 minute drive to the downtown district. As the fastest growing expat neighborhood in this city, many families are attracted to Kuala Lumpur due to the existence of high quality international schools and centrally located commercial districts. Kuala Lumpur features a well-developed highway system to help expats get around, providing a short ride to other major locations such as Bangsar and Damansara.

Bangsar is a wealthy residential suburb situated on the outskirts of Kuala Lumpur, just southwest of the city’s center. As one of the oldest expat destinations in Kuala Lumpur, Bangsar has a historical, retro feel to it. Many expats that choose to live here are quite wealthy, as it has achieved the status of being one of the city’s trendiest neighborhoods. Consequently, the neighborhood is now home to many shopping districts, cafés and bars. Located near other popular areas such as Mont Kiara and Damansara, Bangsar is a great option for those needing to be close to the central city for work. Additionally, the neighborhood is located a short distance from Kuala Lumpur Sentral, a central transportation location.

Damansara, Selangor
Damansara is named after the Damansara River located nearby the neighborhood and is easily one of the most densely populated areas of Kuala Lumpur. Unlike Mont Kiara and Bangsar, expats looking for more moderately priced housing can find such in this area. Therefore, those just starting their expat ventures can expect to find reasonably priced residences here.

Home to the most diverse of all of the expat neighborhoods in Kuala Lumpur, Damansara is a great area for families. There are multiple private schools located here and higher learning institutions are also situated nearby. Additionally, there are multiple commercial shopping areas, providing everything that a family may need in one area. Located further away from the city center, it can take up to 30 minutes to travel back to the city center and about 15 minutes to reach either Mont Kiara or Bangsar.

Kuala Lumpur City Center
Western expats looking for the perfect and most central of locations should definitely focus their house-hunting expeditions in Kuala Lumpur’s City Center. Although extremely busy during the day, nighttime brings solace to expats living in their choice of either condominiums or apartments. Because of the location, expats living in this area can expect to find a wide variety of restaurants, shopping and entertainment, allowing them to explore and acclimate to the culture of Kuala Lumpur. While not ideal for families, living in the City Center can be great for couples or individuals looking to be close to work and play.

Desa ParkCity
Desa ParkCity is a community located in the affluent northwestern area of Kuala Lumpur. It is connected to the city center by major highways and is just a short distance from Mont Kiara and Damansara. Made up of a combination of different neighborhoods, expats that choose to live in this family-oriented community can expect to find community ties and values hard to come by in other areas of the city. The community also includes neighborhood conveniences, parks and sports centers.

Expats in Kuala Lumpur have a vast array of options when it comes to seeking out residency in their new location. Choosing a neighborhood is dependent on an expat’s needs, requirements and budget. Known to be more affordable than other locations, expats can expect many options of neighborhoods to live in when deciding on a place to live in this Malaysian metropolitan destination.

Source: expatfocus

HouzKEY is an alternative home ownership solution

Mar 25, 2018
HouzKEY is an alternative home ownership solution
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HouzKEY is an alternative home ownership solution. You can choose to rent a home from maybank2own with a given option for you to purchase the property as and when you are ready within the rental period.

How Malaysia' first rent-to-own scheme HouzKEY works
KUALA LUMPUR, Feb 6 — Maybank’s HouzKEY scheme offers Malaysians a way to own a home without paying down payment; they just pay monthly rental that is slightly higher than a housing loan instalment.
How does that work?
Here are the details as shared by Maybank managing director of real estate ventures Sally Lye Saw Im in a recent interview with Malay Mail:
HouzKEY is based on an Islamic leasing concept where participants will be able to rent from Maybank until they decide to buy the house.
HouzKEY’s transparent nature is shown with Maybank buying properties from developers at the exact same price that Malaysians would get if they went directly to the developers. And this price will be used to calculate the monthly rental rate.
HouzKEY applicants can choose the unit they wish to stay in and request a visit to view it, with Maybank saying it can respond within 24 hours on whether the application is approved. For popular properties that others are also applying for, applicants will be put on a waiting list and the first person to sign the lease agreement will get it.
When signing a leasing contract with Maybank for the property they intend to eventually own, HouzKEY applicants can choose a rental period ranging from a minimum five years to a maximum 30 years at their own choice. If age permits (the maximum period is capped at 70 years old), the savvy customer should choose the longest leasing period possible, as the monthly rentals spread out over more years would be cheaper.
The calculations for HouzKEY’s monthly rental rates and for a typical housing loan’s monthly instalments are the same, and is based on the same mortgage calculator at the same rates, Lye revealed.
But why is the monthly rental higher than housing loan instalments?
That is because a housing loan usually only allows buyers to borrow up to 90 per cent of a property purchase price and requires them to pay the remaining 10 per cent on their own, while HouzKEY gives 100 per cent financing which would free buyers from having to pay for a down payment, Lye explains.
In other words, what would usually be the down payment is already included in the total 100 per cent sum in HouzKEY and will be repaid through the monthly rentals.
In Maybank’s illustration for a RM500,000 house, a borrower who took a 30-year housing loan will have to pay the RM50,000 down payment on their own and RM28,775 in monthly instalments for the first year, and RM28,775 in instalments every year after that.
In contrast, a HouzKEY participant who rents for 30 years will pay RM31,972 annually for the first five years, and at annual rental rates that climb up incrementally at two per cent per annum from the sixth year onwards (for example, RM32,611 in sixth year and RM33,263 in seventh year) until it hits RM52,453 in the 30th year. But if the HouzKEY participant switches to a housing loan with Maybank from the fourth year onwards, they will pay a fixed annual rental rate of RM33,381 until the end of the 30th year.
By the end of the 30-year period, the person who took a housing loan would have paid a total of RM913,236, while the HouzKEY participant who rented from Maybank for 30 years would have paid a total of RM1,204,403 in rental. The HouzKEY participant who switched to a mortgage midway would have paid RM997,201 in rental and instalment.
“We are trying to help the customers — those that are currently renting a house but they want to own a house, but they cannot own a house because they don’t have the initial down payment. What we are trying to say is, now Maybank gives you an opportunity to own a house with very, very minimal initial payment,” Lye said.

A unique proposition
House buyers usually take housing loans and stomach the down payment, in order to lock in the property price that would otherwise continue to rise as the property grows in value.

But HouzKEY uniquely also gives participants the option to purchase the house later at a price that is already fixed when they sign the leasing contract.

“In HouzKEY, you lock in the price too, same thing, and more importantly every month when you pay rental in HouzKEY, this rental will pay down the purchase price from the original price,” Lye said.

She said every month of rent — even from the first month itself — will help trim down the actual purchase price when HouzKEY participants do decide to buy, much like how monthly instalments cut down the total sum of a housing loan owed by the borrower to the bank.

Okay, so what do you have to pay?
Compared to taking a housing loan and needing to self-fund up to 15 per cent of the property price (down payment and other fees), HouzKEY participants only need to pay Maybank an upfront refundable three-month rental deposit, which is roughly around 2 per cent of the property price. As for legal fees and stamp duty for the lease, these can be part of the monthly rentals.

Just like a homeowner, a HouzKEY participant will, while renting, have to pay for things such as utilities, maintenance fee, quit rent and assessment tax on the property.

“From day one, we don’t treat you as tenant, we treat you as owner already, even though legally we are the owner,” Lye said, pointing out that the HouzKEY participant enjoys the rights akin to a house owner, such as the right to renovate and the right to enjoy the future capital gains to be made when the property is sold.

Unlike normal renting arrangements where the tenant will not be allowed to renovate the landlord’s property, HouzKEY participants are allowed to carry out renovations after informing Maybank, even if they are still paying rental and have yet to switch to a mortgage.

Lye said Maybank's HouzKEY is a flexible scheme that allows Malaysians to be homeowners without paying an initial down payment.

Three choices after five years
Under the HouzKEY scheme, participants have to commit to renting for a minimum of five years, but, after renting it for at least one year, they can buy the property at the price that was pre-agreed at the time the leasing agreement was signed.

Option 1: Continue renting with incremental hikes
After sticking through with the scheme for five years, participants will have three options, including to rent until the maximum tenure of 30 years and to buy the property at a nominal sum of RM1 from Maybank at the end of the tenure.

But in hopes of encouraging homeownership, Maybank will impose a two per cent per annum increase on rental from the sixth year onwards if HouzKEY participants decide to just continue renting instead of buying.

As an example, a RM2,000 monthly rental will in the sixth year be RM2,040, which will then rise to RM2,080.80 per month in the seventh year and RM2,122.40 and RM2,164.90 in the eighth year and ninth year, and so on. This means the HouzKEY participant will have to pay a top-up in the security deposit, on top of the refundable three-month rental deposit previously paid.

“If you continue renting until 30 years, there will be the step-up. If you decide to move to mortgage, there is no step-up,” Lye said, pointing out that switching to a mortgage would be cheaper than continuing to rent with the increased rates.

Option 2: Walk away
You can walk away at any time from the fifth year onwards, with no penalties imposed and with the three months’ rental deposit refunded. You will not be required to find a replacement HouzKEY participant.

Option 3: Buy / Cash out (Buy and sell off)
You can buy the property either through cash or by switching to a housing loan with Maybank — again without having to pay a down payment. Or you can cash-out and enjoy the profit after selling the property that by then would have appreciated in value. This option can be exercised even earlier, after at least a year of renting.

Lye said the switch to a mortgage with Maybank will be a seamless and expedited process, noting: “So under this migration to Maybank mortgage, you are not required to come out with a 10 per cent (down payment) anymore. You don’t need to go through a credit assessment and all that. So technically you are just moving from one product to another, you are refinancing.

“So assuming after five years, whatever rental that you have paid contributes to the principal of the amount, then the amount when you move to mortgage will be lower and your instalment will be lower as well. So this HouzKEY is for you to prepare yourself financially with your good payment track record,” she said.

In a normal rental arrangement, the landlord will benefit from the property’s appreciation in value over the years as he or she is the owner, while the tenant who chooses to buy the property over from the landlord will have to pay a price that is higher than what the landlord originally paid long ago.

Under the cash-out option, HouzKEY participants can buy the property from Maybank on paper and then sell it off to another buyer, pocketing the gain based on the difference between the higher current market price and the lower purchase price pre-fixed years ago under HouzKEY. They can also appoint Maybank to find a buyer for their property, and benefit from the same appreciation in value that is typically enjoyed only by those are homeowners by way of housing loans.

If you change your mind...
One key benefit of HouzKEY is the flexibility it affords its participants, where it has a relatively shorter lock-in period of only five years, as compared to a housing loan where borrowers will be tied down in debt for up to 35 years until they clear it off.

For those who decide to exit HouzKEY before the first five years is up, there will be no penalty but they will have to pay rental for the remaining tenure.

Even though Maybank is not obliged to do so, it will try to find a replacement tenant under the HouzKEY scheme, Lye said. If a replacement tenant is found, Maybank will waive the remaining rental sum that the person exiting initially had to clear off.

“So we also give the individual an option, some people say investing in property, buying a property is a lifetime commitment — yes; but with HouzKEY, you can change your mind after five years. No facility in Malaysia will allow you to change your mind. So that’s another key difference between mortgage and HouzKEY,” she said.

Zero stamp duty for purchase, early RPGT start-date
Lye said Maybank had lobbied hard to the Finance Ministry to secure additional benefits for HouzKEY participants, convincing the government to grant stamp duty exemption when the bank transfers properties to customers who buy under HouzKEY. (For example, stamp duty for transfer of a property sold at RM500,000 would have cost RM9,000).

Maybank also managed to get the ministry to agree to calculate the acquisition date for HouzKEY participants from the day they sign the lease agreement with the bank, instead of from the latter date when they actually decide to buy under HouzKEY. (Usually, the date of acquisition is calculated from the day the buyer signs an agreement to buy from a developer).

This means that the HouzKEY participants could potentially pay less Real Property Gains Tax (RPGT) when they resell the property, as the tax on profits from property sales is dependent on how quickly the property is sold.

The current RPGT rate on profits made by a Malaysian is 30 per cent if the property is sold off within three years of purchase, 20 per cent in the fourth year, 15 per cent in the fifth year, and zero from the sixth year onwards.

Read more at:

source: Maybank

These concrete pipes are being turned into tiny, affordable homes

Mar 25, 2018
These concrete pipes are being turned into tiny, affordable homes
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Here the latest market price survey in Malaysia!!

Mar 25, 2018
Here the latest market price survey in Malaysia!!
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Looking for your Home Sweet Home in Malaysia?
Here the latest market price survey in Malaysia!! 

Source: Berita Harian

Singaporeans are not the only foreigners involved in the Malaysian real estate market

Mar 25, 2018
Singaporeans are not the only foreigners involved in the Malaysian real estate market
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KUALA LUMPUR (March 20): An article written by a political economist and published in Channel NewsAsia has called on Malaysians not to blame Singaporeans for pushing up property prices and the cost of goods in Johor.

“An annual survey by the ISEAS-Yusof Ishak Institute of Johor residents since 2013 reports that over 40% blame Singaporeans for a higher cost of living. More than 70% think that Singaporeans make property unaffordable for locals, and about 80% agree that limiting the sales of properties is a good move,” wrote Khor Yu Leng, a political economist with Segi Enam Advisors.   

She explained that instead of the Singaporean factor, “data and a wider reading of the issue suggests strong domestic forces at play”.

Khor said in fact, “In terms of affordability, Johor Bahru’s figures look somewhat comparable to the rest of Malaysia with the median house price to the median annual income ratio stands at 5.1x,” compared with “Kuala Lumpur City and urban Selangor (Shah Alam, Subang Jaya, Petaling Jaya) are higher at 6.0x plus. George Town in Penang was the worst with prices at 10.4x”.

She said Singaporeans are not the only foreigners involved in the Malaysian real estate market and she used the example of the Malaysia My Second Home (MM2H) programme.
Khor cited figures of about 3,200 successful applicants in the MM2H scheme each year.
She puts this into perspective: “Assuming each buys their own place, only around 1.1% of new housing and commercial units across Malaysia each year are sold to foreigners seeking a residency permit. Most who have signed onto the programme come mostly from China (28%), Japan (12%), Bangladesh (11%), United Kingdom (7%), and Korea (4%).

Singapore buyers only make up 3.8% of the total over a 15-year period leading to August 2017.”
Khor also said that… “it is surprisingly hard to lay the blame on Singapore visitors. First of all, the data is surprisingly scant and inconsistent.

“Significantly, there are various forces at play, including the arrival of other groups of well-heeled investors. Singapore’s prominence as Johor property buyers seems to be eclipsed by those from China.”
“In addition, Johor residents seem reasonably insulated from the property enclave boom-glut dynamics targeted at foreigners but they are not immune to domestic-driven affordability problems.”

source: edgeprop


Jan 25, 2018
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How much can I afford?
This depends on your income and other financial obligations. As a rule of thumb, most house buyers buy houses that cost 1.5 and 2.5 times their annual income. For example a house buyer earning RM40,000 a year would buy a house between RM60,000 and RM100,000. Furthermore, the monthly loan repayment should not exceed about 1/3 of your gross monthly income. In assessing your repayment capability, the financial institution would also take into account your other debt repayments such as car loan, personal loan and credit cards.

How much can I borrow?
This will depend on the value of your property, your income and your repayment capability. Margin of financing can go as high as 95% (inclusive of MRTA). The higher the margin, the higher you will have to pay per instalment. Also, at a given rate, a shorter tenure will require you to pay higher instalment.

How long does it take to process a loan?
It usually takes about one to two weeks for your loan application to be approved from the time you supply full documentation. You should ask the financial institution for the checklist of documents required for the application to avoid any delay.

What is the difference between conventional financing and Islamic financing?
Under conventional financing, your outstanding loan consists of principal plus the interest charged on you. The interest is actually the financial institution's cost in obtaining the funds. Islamic financing works on the concept of buying and selling where the financial institution purchases the property and subsequently sells it to you above the purchase price.

Why do I need a valuation?
A valuation is required if you are buying a completed property. The financial institution requires a valuation to ascertain whether the property provides sufficient security for the loan given. It also provides an indication that the property is worth what you are paying for.

Do I need to appoint a lawyer? Can I choose my own lawyer?
Yes. You need to appoint a lawyer to draw up your loan documentation. Normally, the financial institution will provide a panel of lawyers who are familiar with their documentation requirements for you to choose from. If you prefer to engage your own lawyer, you should discuss this with your financial institution.

Who pays for the legal fees?
Generally, legal fees are borne by the buyer. However, certain developers and financial institutions may offer to pay the legal fees on the legal documentation as part of their marketing package. In addition, some financial institutions also extend financing for the loan documentation fees.

What if I run into financial difficulties and cannot meet my loan repayments?
If this happens, you should contact your financial institution to discuss a reasonable repayment program, which could include extending the tenure of the loan.

Can I pay off my loan in full earlier than the agreed loan tenure?
Normally there will be penalty charges for early loan settlement. Depending on the financial institution, penalty charges will range between 2-5% of the outstanding amount. The charges that are made will depend on the type of product you have chosen and when you decide to redeem your loan. Note that in some loan packages, there are certain minimum periods you need to observe before full settlement is allowed.

Is there any waiver of penalty fees for early loan settlement?
Any waiver of penalty fee is strictly at the discretion of the financial institution.

Why does my outstanding loan remain high at the initial stage despite the repayments made?
During the early years of the loan, a significant amount of your repayments will go towards the payment of interest. So if you make partial repayments to repay the principal sum outstanding, you make substantial savings in your interest payments and thus shorten your loan tenure.

Can I make extra payments other than the monthly contractual repayments?
This depends on the terms and conditions stated in your loan agreement. By paying in extra money each month or making an extra payment at the end of the year, you can speed up the process of paying off the loan. When you pay extra money, be sure to indicate that the excess payment is to be applied to the principal. However, if you make a lump sum payment or partial repayments to your principal loan, you must give notice to your financial institution. The notice period ranges from 1 to 3 months.

Do I need a guarantor for a loan facility?
This is at the financial institution's discretion and depends on the credit standing of the borrower.

Does the financial institution have the right to charge my loan account for any miscellaneous charges incurred by them such as late payment charges, legal costs, insurance, etc?
The financial institution's power to impose charges on your account is normally indicated in the Terms and Conditions of the loan.

How long is the grace period for payment of my monthly instalment/interest?
Generally, the financial institution gives a grace period of 7-14 days for you to repay your instalment payment. Any payment received after the grace period will be subjected to late payment charges.

When does the financial institution release the loan to the seller/developer?
For houses under construction, the financial institution will release the progressive payment to the developer based on the claim made upon completion of each construction stage as certified by the Architect's Certificate. For completed properties, the loan will be released upon completion of legal documentation or when all relevant approvals, such as the approval of the state government have been obtained.

Can I purchase a house under joint names and apply for the housing loan only under my name?
The financial institution will consider such applications on the merits of each case, under the following circumstances:
·       The co-owners are related as husband and wife, and one party is not working and the other party is solely responsible for the loan
·       The co-owners are related as father/mother and children, the parents are old and not working and the children will be responsible for the loan
However, the above is at the financial institution's discretion and they may also consider other circumstances.

If the developer abandons the project, am I still required to service my interest/instalment payments?
Yes. You are still obliged to service your loan based on the loan agreement signed between you and the financial institution. However, since the financial institution has vested interest in the property, you could discuss a repayment plan with your financial institution. You should also report the matter to the Ministry of Housing & Local Government. 

What happens when the loan is fully repaid?
When the loan is fully settled, the financial institution through its solicitors, will release its charge on the property. The financial institution (chargor) will uplift his claim on the property and the title to the property will be transferred to you.

What happens in the event of death of a borrower who has not bought insurance?
The deceased's survivor/next of kin can claim through the court the rights of the deceased's property. The person will have an option to either proceed to service the loan or redeem it. However, most financial institutions make it compulsory to insure (MRTA) against such an event.

What can the financial institution do if I do not make repayments?
If you fail to make three consecutive payments, the financial institution will take the necessary actions to recall the loan. In the worst case scenario, the financial institution will foreclose the property and sell it to settle the loan. The borrower would still be liable to pay the difference between the auction price and the loan amount outstanding.

What is the most convenient way to repay my loan?
Financial institutions offer a wide range of services to make banking easier for you. Some of the alternative ways of servicing a loan include:
·       Open a savings/current account and arrange for standing instructions with minimal charges (if you maintain deposit and loan accounts with the same bank, the charges may be waived)
·       Through an ATM transfer
·       Internet Banking
·       Telephone banking service
·       Deposit your cheque at the deposit machine or send your cheques direct to your financial institution

Should I consider refinancing my loan if I am offered a lower interest rate?
The main consideration in refinancing would be the costs involved. As you are clearly aware, you have incurred a substantial amount to pay for the necessary fees to obtain your first loan. For example, processing fees, legal fees, stamping and transfer fees. Refinancing means you would have to incur the same charges again. Before you decide to refinance, you should ensure that the savings from the lower interest rate is enough to compensate all the costs incurred associated with refinancing, including penalty charges, if any.

Source by:
Persatuan Bank Bank Dalam Malaysia
Bank Negara Malaysia


Nov 29, 2017
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Nov 29, 2017
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MM2H participants are allowed to withdraw partial of the required Fixed Deposit from the second year onwards (RM50,000 for aged 50 years and above) / (RM150,000 for aged 50 years and below) for approved expenses related to house purchase, car purchase, education for children in Malaysia and medical purposes. They have to maintain the balanced RM100,000 (for aged 50 years and above) / RM150,000 (for aged 50 years and below) of Fixed Deposit until they terminate from MM2H Programme.

The documents required for Fixed Deposit Withdrawal are:

  • Letter of intention to withdraw Fixed Deposit account
  • Copy of MM2H visa
  • Copy of front page passport
  • Copy of Fixed Deposit certificate
  • Copy proof of payment for Residential property purchase (to submit of all pages of Sales & Purchase Agreement & receipt), Car purchase (to submit car grant title & receipt), Children’s education in Malaysia (to submit receipt), Medical expenses (to submit receipt)
  • Copy of Conditional Approval Letter

Please be advised that the withdrawal is on a reimbursement basis and release of money will be made based on the amount paid.

Withdrawal can be made after the first year, effective from date of MM2H social visit pass endorsement in the passport.

If applicant wishes to withdraw the interest accrued on savings, please indicate in the letter of intention
** The processing and approval process will take three (3) working days from the date of
submission of the application (provided the documentation is complete )

Important Note: 




Nov 29, 2017
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Please be informed that property purchase is not a pre-requisite for participating in MM2H programme.

Any foreigner may purchase any number of residential property in Malaysia, subject to the minimum price established for foreigners by the different states. They start from RM500,000 per unit for most states, from 1st Mac 2014. Land is a state matter and it is important to check state laws before making any commitment, as the minimum purchase price is not standardized between states.

We advise buying homes which are already issued with certificates of fitness but if you intend to purchase from developers, esnure that it is from a reputable company.

Profits made on the sale of property is subjected to current Real Property Gains Tax rate set by the Government of Malaysia.

1st year - 5 th year : 30%
6th year and above : 5%


Please note that certain items require a permit/license before the participants can be imported into Malaysia. For further details, you may visit Custom's website at on restricted importation of items/goods.

For further enquiries, please contact the following details as below :

Head Office
Royal Customs Malaysia
Kompleks Kementerian Kewangan
No 3, Persiaran Perdana, Presint 2,
62596 Putrajaya,
Tel : +603-8882 2100/2300/2500
Call Center : +603-7806 7200
Hotline : +603-8882 2111/2222
Website :



Nov 29, 2017
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This programme is initiated, organised and launched by the Malaysian Government and is thus one that the Government will continuously seek to improve, to ensure its success.


The Malay language (Bahasa Melayu) is the national language of the country; English is the second language but other languages can be freely used and practised. Similarly the Malay culture is dominant in the country because the Malays are the dominant race in Malaysia and in the region. But other cultures can be practiced very freely and there is a free intermingling of different cultures.



The country has everything for the family,-theme parks, jungle trails,sports, water sports and one of the highest numbers of golf courses.



The country has everything for the family,-theme parks, jungle trails,sports, water sports and one of the highest numbers of golf courses.



International cuisine is available here at very reasonable cost. With so many races and cultures living together in harmony, it is understandable that each race has picked up the best of each other’s food and made Malaysia into Asia’s Food Paradise.

Similarly the tropical fruits of Malaysia are unique, exotic and available in abundance practically throughout the year. It should be a real joy to savour these fruits.



From high-end couture to ethnic handicrafts and the internationally acclaimed pewter ware, Malaysia has it all. Enjoy the comforts and convenience of shopping in air-conditioned malls and hypermarkets. Besides shopping, families have a choice of watching a movie, having fun at the bowling alley or enjoying the spread at the food court. Shoppers can also browse for interesting curios on display at the weekly flea markets. Join in the excitement of haggling at the night markets, an interesting feature of local life. The best time to enjoy fantastic discounts and special offers is during the annual Mega Sales.



Nov 29, 2017
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The Goverment has decided to abolish the tax incentive on the purchase of a new locally assembled vehicle or the import of a pre-owned private vehicle into Malaysia under MM2H Programme. Therefore, this tax incentive will be terminated effective from 1 January 2018. However, Ministry of Finance will give special consideration to MM2H participant with first MM2H’s Visa approved beginning 1 January 2017 until 31 December 2017 to submit complete application via Sistem Maklumat Pengurusan Cukai / Sistem Maklumat Pengurusan Cukai Kerajaan Malaysia not later than 31 December 2018.


An approved participant under the MM2H Programme, with first MM2H’s Visa approved from 1 January 2017 until 31 December 2017, is eligible for:

(i) Exemption of excise duty to purchase a new locally assembled vehicle (Completely Knocked-Down -CKD); OR

(ii) Exemption of import duty and excise duty to import a pre-owned private vehicle (Completely Built-Up - CBU) into Malaysia.


An approved MM2H participant is eligible to enjoy this incentive, limited to RM150,000, for purchasing a new locally assembled vehicle (CKD) OR for importing a pre-owned private vehicle (CBU). This incentive is subject to the following terms and conditions as below: 

1) The total value of exemption for excise duty to purchase a new locally assembled vehicle (CKD) is limited to RM150,000 OR the total value of exemption for import duty and excise duty exemption is limited to RM150,000 for importing a pre-owned private vehicle (CBU).

2) The application to purchase a new locally assembled vehicle (CKD) OR to import a pre-owned private vehicle (CBU) shall be made not later than 31 December 2018. If a participant fails to apply for the duty exemption within the stipulated period, no further extension will be provided.

3) For the purchase of a new locally assembled vehicle (CKD):

     i. the vehicle shall be obtained from the new stock of vehicles which have not been registered and duties have not been paid; and

     ii. the chassis number and engine number needs to be submitted during application. 

4) For importing a pre-owned private vehicle (CBU):

     i. the vehicle shall be pre-owned for at least thirty-six (36) months by the MM2H applicant before the commencement of the MM2H visa; and

     ii. the vehicle shall be imported from the country of origin or last domicile country of the MM2H applicant. 

5) A MM2H participant who has obtained duty exemption approval for the vehicle shall submit the approval letter to the Royal Malaysian Customs Department to obtain   the duty exemption and to the Road Transport Department for the registration of the vehicle. 

6) The approved vehicle shall be directly used by the MM2H participant for personal use only, while in Malaysia. 

7) Each MM2H participant is entitled to enjoy the duty exemption for only one unit of   vehicle. The types of vehicles entitled under this incentive are saloon cars, MultiPurpose Vehicles (MPV), Sports Utility Vehicles (SUV) and Four-Wheel Drive (4WD) vehicles only. 

8) Commercial vehicles such as lorries, vans, buses, limousines and other types of vehicles are not eligible for this tax incentive. 

9) The approved MM2H participant shall reside and have a permanent address in Malaysia. A copy of the proof of purchase (Sales and Purchase Agreement); or   rental residence (Tenancy Agreement); is required to be submitted for each application. 

10) An MM2H participant is only allowed to sell/transfer ownership of the exempted vehicle after five (5) years from the date of registration of the vehicle with the    consent of the Royal Malaysian Customs Department. The duties, based on the  current evaluation determined by the Royal Malaysian Customs Department, need   to be paid before the transfer of ownership takes place. 

11) Any breach of the above conditions shall lead to the revocation of this incentive and the MM2H participant shall be required to refund to the Government of Malaysia, the amount of duties exempted for the said vehicle. 

12) The application of participants will be rejected if they failed to comply with the said terms and conditions. 


The supporting documents needed to obtain approval for exemption of excise duty that is limited to RM150,000 for the purchase of a new locally assembled vehicle (CKD) is as follows:

1) A copy of MM2H approval letter from Immigration Department of Malaysia;

2) A copy of MM2H participant’s international passport (pages that display the identity of the applicant);

3) A copy of MM2H participant’s international passport (pages that display clearly the multiple entry visa and MM2H visa);

4) A copy of the purchase order under MM2H applicant’s name from the vehicle dealer;

5) Submission of chassis number and engine number of vehicle during application;

6) A copy of quotation, detailing the price, from the vehicle dealer;

7) A copy of the fixed deposit statement, bank statement and 3 month of salary slips;

8) A complete copy of Sales and Purchase (S&P) or Tenancy Agreement in Malaysia under the applicant’s name; and

9) For representative/agent on behalf of MM2H applicant, a copy of license/permit approved from the Ministry Tourism and Culture of Malaysia or letter of    authorization from MM2H applicant must be submitted together during application

The supporting documents needed to obtain approval for exemption of import duty and excise duty that is limited to RM150,000 for the importation of a pre-owned private vehicle (CBU) into Malaysia is as follows:

1) A copy of MM2H approval letter from Immigration Department of Malaysia;

2) A copy of MM2H participant’s international passport (pages that display the identity of the applicant);

3) A copy of MM2H participant’s international passport (pages that display clearly the multiple entry visa and MM2H visa);

4) A copy of the vehicle registration card (to provide an English translation for
   information that is in a foreign language);

5) A copy of approval letter for the Approved Permit (AP) to import the vehicle, from the Ministry of International Trade and Industry (MITI);

6) A copy of the fixed deposit statement, bank statement and 3 month salary slips;

7) A complete copy of the Sales and Purchase (S&P) or Tenancy Agreement in Malaysia under the applicant’s name; and 

8) Representative/agent on behalf of MM2H applicant, a copy of license/permit approved from Ministry Tourism and Culture of Malaysia or letter of authorization   from MM2H applicant must be submitted together during application.

The Ministry of Finance, from time to time, is entitled to request additional information, depending on the submission of the application. All documents mentioned above shall be signed and certified by Malaysian Government officers or the Commissioner of Oaths before being scanned and uploaded into the online system.

This duty exemption incentive application should be submitted online via  Applicants are required to obtain an ID and password in  with a fee. If the application is made through agents / representatives, the agents / representatives needs to obtain an ID and password for the applicant and attach a copy of the applicant's identity card and the authorization letter from the applicant. 

For further guidelines, please refer link below: 

Guideline for Tax Incentive 

Prosedur Pengecualian Cukai


Any enquiries please contact:

1. Ms. A'ina Iryani Binti Dol Razlan
Tel :+603 8882 4059
Email : 

2. Mrs. Nurul Naimah Binti Salim 
    Tel :+603-8882 3269 
    Email : 

For technical and online issues please contact: 
3. Mr. Nur Arief Mohd Amin
   Tel :+6603 8890 6588 
   Email : 

Contact us at: 

Tax Division Ministry of Finance Malaysia 
7th Floor, Centre Block Presint 2, 
Federal Government Administrative Centre 
62592 Wilayah Persekutuan Putrajaya 
(attn: Ms. A'ina Iryani Binti Dol Razlan) 

Processing will take 14 working days upon submission of complete documents into the system. 


Monday to Friday :
8.30 am to 4.30 pm 

Lunch break : 
1.00 pm to 2.00 pm (Monday to Thursday) 
12.15 pm to 2.45 pm (Friday) 

Office is closed on Saturday, Sunday and public holidays.


Useful Tips to Fast Track Your Home Buying Experience

Nov 22, 2017
Useful Tips to Fast Track Your Home Buying Experience
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Useful tips to fast track your home buying experience
Find Your Dream Home
·       Determine the type of home you are looking for e.g. condominium, terrace, semi-detached, or bungalow.
·       Check various sources to avoid wasting time travelling e.g. browse through the classifieds in newspapers and online, and contact real estate agents in     
        your preferred locations.
·       Save time by short listing to one or two locations before driving out to those areas.

Sign Offer of Purchase & Place Earnest Deposit/Booking Fee
·       Engage a lawyer or agent to prepare this for you or you may prepare one yourself.*
·       Agree the offer and terms with the seller *
·       Have ready the earnest deposit (usually 2% or 3% of the purchase price)* or the booking fee.
Apply to EPF to withdraw from Account II
·       Visit for the relevant application form and a detailed list of documents required.
·       Ensure that you have all the required supporting documents together with your application to EPF.
Apply for Bank Financing
·       Speak to a Home Financing Consultant to apply for a bank financing that suits your needs.
·       Follow up closely with the Bank and/or Bank’s lawyer to ensure all necessary documents are signed as soon as possible e.g. the Letter of Offer.
Sign Facility Agreement
·       Follow up closely with the Bank and/or Bank’s lawyer to have this agreement signed as soon as it is prepared.
Get the Keys
 ·       Make arrangements with the seller to acquire the keys to the property.
Move In
·       Obtain quotes from movers/transport providers if you are moving large/heavy items.
·       Packing early would let you move your things as soon as you get the keys to your new house.
*Applicable to second-hand properties
All data and information is correct at time of upload. These articles are for information and basic educational purposes only. Consumer experiences may differ depending on location or other factors.

The Disclaimer:
All plans, information and specification contained herein are subject to change without notification as may be requested by the relevant authorities or the Developer’s consultants and cannot form part of an offer or contract. All illustrations and pictures are artist impressions only. While every reasonable care has been taken in providing this information, the Developer cannot be held liable for any errors or misrepresentation or changes. The items are subject to variations, modifications and substitutions as may be recommended by the Company’s consultants and/or relevant authorities.
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