Re: Thresholds for buying property as a foreigner
Zero is for locals, 5% for foreigners;-)
|
Re: Thresholds for buying property as a foreigner
Thanks Columbine
|
Re: Thresholds for buying property as a foreigner
Originally Posted by bakedbean
(Post 11790359)
You're mixing two different things: MM2H and Buying A Property.
You don't have to have MM2H to buy a property. In fact, I think it's only Penang State that has some differences in that they treat MM2Hers differently. It was built in the late 60's early 70's and is no longer suitable for the MIL. We are looking to transfer the ownership across to a family trust but just not sure of the ability in terms of foreign ownership (NZ based trust). The rebuild is around $3 to $5 million ringit so this should be over the $1 million or $1.5 million state requirement |
Re: Thresholds for buying property as a foreigner
Originally Posted by Stuck in Auckland
(Post 12167256)
We are looking to rebuild our inlaws house in KL
It was built in the late 60's early 70's and is no longer suitable for the MIL. We are looking to transfer the ownership across to a family trust but just not sure of the ability in terms of foreign ownership (NZ based trust). The rebuild is around $3 to $5 million ringit so this should be over the $1 million or $1.5 million state requirement |
Re: Thresholds for buying property as a foreigner
Originally Posted by JC3
(Post 11803888)
To cool property speculation in Penang, from 1 February 2014 the Penang State Government has imposed a 3% levy on foreigners' purchase of Penang property, in addition to the existing application fees of RM 10,000 (for individuals) and RM20,000 (for companies).
|
All times are GMT. The time now is 10:41 am. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.