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2. Foreign Purchasers refer to any purchase made by non-Malaysian, PR Holders and Foreign Companies.
3. The properties in Selangor shall be categorised into three (3) zones, as the following:
ZONE 1
– Daerah Petaling
– Daerah Gombak
– Daerah Hulu Langat
– Daerah Sepang
– Daerah Klang
ZONE 2:
– Daerah Kuala Selangor
– Daerah Kuala Langat
ZONE 3:
– Daerah Hulu Selangor
– Daerah Sabak Bernam
4. No more than 10% of Non-Bumiputera units can be sold to Foreigner.
5. Foreigner is NOT ALLOWED to purchase the following:
– Landed/Non-Strata Residential-Titled Buildings
– Property by public auction
– Land categorised as Agricultural Land and Malay Reserved Land
6. For Strata and Landed Strata Residential Building:
– Minimum purchase price of RM2 million for properties located in Zone 1 and Zone 2.
– Minimum purchase price of RM1 million for properties located in Zone 3.
7. For all Commercial Building:
– Minimum purchase price of RM3 million for properties located in Zone 1, 2 and 3.
8. For all Industrial Building:
– Minimum purchase price of RM3 million for properties located in Zone 1, 2 and 3.
– The acquirer of industrial buildings require a requisite license from the Ministry of International Trade & Industry (MITI) and follow all other current regulations.
9. Acquisition of Property by a Foreigner under Malaysia My Second Home (MM2H) Programme are as follows:
– Foreigner must only purchase directly from a Developer in accordance with the respective zoning requirements.
– The minimum purchase price must be in accordance to the respective zonings.
– Foreigner is only entitled to One (1) Residential unit.
– The approval granted is not Transferrable. However, the State shall consider transfer of properties by way of love and affection between close family and foreign interest named as beneficiaries in a will.
– The Foreigner must obtain the prior approval from Immigration Department together with the endorsed Visa/Passport for the MM2H Programme.
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