On 20 December 2006, Prime Minister's Department have release a piece of good news for all foreign investors in Malaysia's real estate industry. With effective from 21 December 2006, all foreigners can purchase any RESIDENTIAL property above RM250,000 without any restrictions in the (1) usage - own occupancy or to let or (2) the number of units.
Now if you are an intending investor, no worries about complying with a set of rules, neither do you have to wait for 3 to 4 months for FIC approval.
The actual text (in Bahasa Malaysia), please click (1) here & (2) here.
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