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Buying Guide for Property in Malaysia

Buying GuideForeigners are allowed to purchase residential houses at a minimum price of USD73,500 (RM250,000.00) per unit without obtaining approval from the Foreign Investment Committee (FIC) under the Prime Minister’s Department.

There is no requirement to buy property under the Malaysia My Second Home (MM2H) programme and some people choose to rent. It is also not essential to join the MM2H programme in order for a foreigner to buy property in Malaysia.

NB: USD1.00 = RM3.40

Current House Prices Type of Houses Buying A Property Renting A Property Service & Utility Charges

The house prices in Malaysia are measured by the price of each square foot (sq ft) or square meter (sqm). The House Price Index has also been used for measurement of house price movements over the years.

Generally the prices of the Malaysian properties are relatively low as compared to many other countries. According to the research by Global Property Guide, an average per square metre (sq. m) price in USD of a 120 sq. m (1300 sq ft) subdivided building located in the centre of the most important city of each country (either the Administrative capital; and/or Financial Capital) is as follows:-

Countries Price (USD)
United Kingdom 26,942
Russia 17,112
France 14,900
Italy 9,051
Switzerland 8,234
Norway 7,613
Denmark 5,630
Portugal 3,745
Turkey 3,671
Germany 3,663
Greece 3,339
Belgium 3,199
Philippines 1,969
Malaysia 1,400

The indicative prices for Malaysian properties varied as follows:-

Location Type Approx. Built up Area (sq.m) Price Range (USD)
Mont' Kiara, KL Condominium From 69.7 sq.m From 112,857.10
Mont' Kiara, KL Service Apartment From 58.8 sq.m From 110,571.40
KLCC, KL Condominium From 288.1 sq.m From 580,618.30
Aman Suria, PJ Condominium From 69.7 sq.m From 112,857.40
Sri Hartamas, KL 2 Storey 6.7m x 22.1 sq.m From 200,000.00
Bandar Utama, PJ 2 Storey 6.7m x 22.1 sq. m From 128,571/40
Tanjung Tokong,
Penang
Condominium from 83.6 sq.m From 77,714.30
2 Storey Semi D house from 604.0 sq.m From 428,571.40
Tanjung Bungah,
Penang
Condominium from 83.6 sq.m From 80,000.00
Double storey Semi D house from 604.0 sq.m From 418,571.40
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MALAYSIA

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The mid-market exchange rate is sourced from Bank Negara Malaysia and is updated each banking day daily at 12.00 noon.
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