Should I buy or rent a home in Malaysia?

"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 expat living in Malaysia.

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William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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"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 another expat in Kuching, Malaysia.