If you’re looking for property for sale or rent here in Malaysia, then you’re at the right place. We have got access to most of the most desirable property here in Malaysia – and yes, even those which are normally out of reach to the general public. We are an independent site specializing in finding and listing prime Malaysian properties for our corporate (as well as private) clients.
Property search is not a luxury, and the ability to find a suitable place to live or work (or to invest in) should not be limited just to a few. Any decision needs to be considered carefully – with sufficient professional information. We at the Property For Sale website are in a unique position to help you in your Malaysian property investment choices.
With our well-established and extensive network of contacts (developers, agents, solicitors and surveyors), we are among the very first to find out about new investment properties in Malaysia.
With this advance notification and “first-to-know” basis, it means that our customers usually get to know about prime property for sale – ahead of other people who are competing for the same real estate.
Buying property in Malaysia
For landed properties in Malaysia (terrace houses, townhouses, semi-detached houses, bungalows), the buyer would usually expect the development to be completed in two (2) years after signing the SPA (Sales and Purchase Agreement). Before buying, it is advisable to read through the corresponding literature from the developer: in particular, note these:-
- Advertisement permit
- Sales permit
- Developer’s license number
Also, use this handy checklist:-
- Specifications of building materials
- Details of the local authority
- Exact date of development completion
- Unit price
- List of services and amenities
- Reference number of the plan (approved)
- Agent authorization
The purchasers of property on Malaysia usually are responsible for paying the infrastructure maintenance cost (starting from the date of possession until it’s taken over by the local authority). Here, the infrastructure is defined as:-
- Driveways or roads
- Sewerage (including tanks)
A short note about the Property Gains Tax
Effective 2007, the government of Malaysia has abolished all taxes on property gains.
Further, there is also no more need for foreigners to get official consent from the Malaysian government before any investment is made. Also previously, in some states (particularly Sabah and Sarawak) the local state consent would also be needed. Now everything has been sped up.
As always, if you need more clarification or guidance, look for professional advice. If you want a fairly updated list of property professionals that would be able to help you. Just email us!
Some resources to check out: