According to S433B of NLC, a foreign purchaser that fits the definition of foreign interest will have to obtain written approval from the State Authority before a property can be registered in the name of foreign purchaser.
You may refer to the link below for more information:-
https://www.malaysianbar.org.my/document/members/circulars/2020—2024/2024&rid=48375
But there are specific restrictions and requirements to note:
- Minimum Purchase Price
- Restricted Properties
- Type of Property
- State Authority Consent
We guide clients through the entire process from eligibility checks to obtaining approvals to ensure the purchase complies with Malaysian property laws and state regulations.
