Real Estate in Malaysia

"Finding a place to live in Malaysia can seem daunting, but there are several resources available to help. A good first step would be to search online for rental listings that offer the exact features, area, and price range that you are looking for. Additionally, if you are relocating to Malaysia, you could contact relocation or rental agencies that specialize in Malaysia and ask for their assistance. Another option is to contact real estate agents and inquire about available rental units in your desired location, or to check out popular expat websites or Facebook groups where people offer listings and discuss rental opportunities. Finally, classified ads and local publications offer listings of accommodations for rent too," said one person in Malaysia.

"A typical expat home or apartment in Malaysia typically features modern and stylish furnishings, as well as all the conveniences of modern amenities such as air conditioning, a washer-dryer unit and access to internet and cable TV. Many expat homes come equipped with a large terrace or garden, providing a comfortable and relaxed atmosphere for expats and their families. Expat apartments often come with access to swimming pools and gyms, as well as shared recreational areas such as BBQ pits or playgrounds. Security is also a top priority, with most homes and apartments featuring 24-hour security guards providing peace of mind for expats living in Malaysia," said one expat who made the move to Malaysia.

"We live in a 4 bedroom standalone house [bungalow]. Most expats take either a house or apartment, depending on whether or not they have children, or major security concerns. Apartments have better security and amenities, but are typically smaller. Many houses have pools," explained one foreigner living in Kuala Lumpur, Malaysia.

"It's higher. A good furnished apartment in Georgetown would cost around RM.1500-3500 ($450 - 1100)," remarked one member in Penang.

"The average cost of housing in Malaysia is generally considered to be fairly moderate, with prices depending on the location, size, and amenities. Prices can range from as low as a few hundred RM to several thousand RM per month, depending on the chosen accommodation. The cost of housing in urban areas tends to be higher than in rural or suburban areas," explained one expat living in Malaysia.

"If you are over 50 or have children attending a Sarawak school (including International Schools) you are not REQUIRED to purchase property. Those 40-50 without kids can purchase a property to qulify though. BUT anyone on S-MM2H CAN buy property if they wish. There are some restrictions. It must be zoned residentially and have a structure on it or being constructed. It cannot be land zoned exclusively commercially, zoned for agricultural, or reserved native land. And if Landed Property it must be valued above a floor of RM600,000 in Kuching, or RM500,000 elsewhere. That's about US$135,000-$113,000. According to the Sarawak Lands Ordinance of 2019 one can purchase strata property (apartments or condos with no ownership of the underlying land) at any price. There is no floor. And one can rent property virtually anywhere and at any price. I rent, primarily because the property market is a buyers/renters market with a lot of vacancies. If a bargain dream-home emerged I might jump. But I live in the midtown area and prices are a little higher here. Downside of condo life is that many units don't allow pets," said one person in Kuching.

"We have rented an apt, fully furnished. It's wonderful. We pay more than the average rent for a local because of the location and size. The best way to find good apartments is to walk around in areas you like and talk to the security guards. They know everything," remarked one foreigner who made the move to Penang.

"It is ultimately a personal decision whether to buy or rent a home in Malaysia. Renting a home offers the flexibility of not taking on a large debt committment, and not having to worry about major repairs or maintenance. On the other hand, homeownership has the potential for increased financial stability and potential for appreciation over time, as well as more control over property value. When making the decision to buy or rent, potential homeowners should research the market, consider the costs associated with both options, and understand their finances. Ultimately, the answer to whether it is the best choice to buy or rent a home in Malaysia depends on individual circumstances," explained one person living in Malaysia.

"1. It is important to understand the Malaysian property laws, including restrictions on foreign ownership depending on the state where the property is located. 2. You should ensure you have a reputable lawyer to guide you through the process as well as to assist with any legal matters concerning the property. 3. You should also be aware of the prevailing market conditions and prices in the area you are looking to purchase a property in. 4. You may also want to consider engaging the services of a property agent or negotiator to assist you in negotiating the best deal. 5. You will have to pay stamp duties, transfer fees and registration fees upon purchasing the property, so it is essential to work out the exact costs beforehand. 6. Malaysia's Central Bank, Bank Negara Malaysia, also has restrictions on the purchase of more than one property in the same area by foreign purchasers. 7. In some cases, you may need to obtain an authorisation from the Central Bank before proceeding with the purchase of property. 8. Finally, make sure to conduct your due diligence to safeguard yourself from any potential pitfalls," explained one person living in Malaysia.

"Yes, foreigners are allowed to own property in Malaysia. However, there are certain restrictions in place. Foreigners are only allowed to purchase property in certain designated areas, such as the Iskandar Malaysia region. Additionally, foreigners are not allowed to purchase agricultural land, and they must obtain approval from the relevant state authority before they can purchase any property," explained one foreigner living in Malaysia.

"In Malaysia, rental properties typically include common appliances such as refrigerators, washing machines, water heaters, air conditioners, and cooking stoves. In some cases, the rental property may also have a microwave, dishwasher, oven, and other kitchen appliances," remarked one foreigner who made the move to Malaysia.

"Expats can search for homes in Malaysia by using online real estate websites, such as PropertyGuru, iProperty, and EdgeProp, which offer a wide range of listings for both rental and purchase. Additionally, expats can contact local real estate agents who specialize in helping expats find homes in Malaysia. Expats can also search for homes in Malaysia by attending open houses and property exhibitions, which are often held in major cities. Finally, expats can search for homes in Malaysia by networking with other expats who may have knowledge of available properties," explained one expat in Malaysia.