Foreigners with residency are exempted from RM1 Million Property Floor Price
Saturday, 20 June 2015
Since 2009, Malaysia has changed to become the country with probably the most open property market in Asia. In June of that year Malaysia replaced its central government’s foreign investment committee (FIC) approval for property purchase by non-citizens with the new EPU Guidelines (EPU). This made it quicker and easier for overseas buyers to own a house here. The housing industry celebrated the change in rules as a triumph of business over bureaucracy.
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