Unlimited Property Ownership in MALAYSIA The latest launch to boost Malaysian market is “Malaysia My second
home programme”. Launched on 20th Dec, it aims not to restrict the residential
properties on foreigners. The programme designed to facilitate people globally to stay in country after fulfilling certain criteria. The statistics released by govt. shows a clear jump from 15,083 to 22,185 in 2006.This has generated foreign income, encouraging investors to invest in properties, thus developing the construction sector resulting in economic boom. More than 10,000 houses have been sold generating $1.5 billion to the govt. . Some places like Johar, Penang, and Malacca offer minimum price of RM 250,00 while in the other places
residences could be bought for as low as RM 150,000. Major changes to the rules and regulations have been made. High-end apartment and residences are in great demand. Places like Kuala-Lumpur are hot property to international developers, yielding 6% to 10% rentals.