I'm Yew Foong, a registered estate agent (E3013) in Malaysia.
Subscribe to my channel for the latest news and videos on properties in Kuala Lumpur, Malaysia especially the Mont Kiara area. I've been living in Mont Kiara for over 10 years and I'm familiar with all the ins and outs of this amazing area which is a top favourite for the expats 😉
My motto is to always deliver Simple, Clear and Straightforward videos to my viewers 💯
Once in a while I do throw in some bonus videos on Places to Eat and Visit in Malaysia for my expats subscribers 🥰
I'm open to suggestions, so drop me a message if you have special request on video topics.
Contact me @ +60 16 738 9620 if you are interested to Buy/Sell/Rent properties in Mont Kiara 👌🏽
Are you able to give me the on going cost of owning a property in Malaysia , like strata levies, council rates , any other associated expense so we as applicants of MM2H are or should be aware off
It will make the property expensive if all the foreigners here come to buy properties. Luckily, those MM2H applicants are not interested. Let make Malaysia home more affordable for Malaysian
This may sound a stupid question, sorry if it is. Can a foreigner live in Malaysia in rented accommodation only or do they have to buy a property in Malaysia if wanting to live permanently?. If they have to buy could they rent in Malaysia for 6 months and live outside of the country the other 6 months?
Currently SEZ/SFZ only applies to parts of Johor. You can drop me a WhatsApp message at +60 16 738 9620 if you want me to recommend a reliable MM2H agent to you.
Don't sign up for a MM2H Visa, until the Malaysian government stop forcing foreign people to hold a property for 10yrs. If Malaysian's buys a property in Australia they don't have to hold it for 10yrs. Forcing someone to hold a property for 10yrs is blackmail.
Usually the residential tenancy is 1 year but you can also find short term tenancy options. Look for an agent on Iproperty who specialises in the area and check with them.
She is a salesman. If you are a foreigner, please do not buy housing property in Malaysia to live or invest in. Foreigners are NOT welcome because of the politics. You are a cash cow for the Malaysian government, bank, lawyer and property agent. The interest rates are high. If you use full cash, your net rental income (minus all expenses), is taxed at 30%. The Malaysian Ringgit depreciated (crashed) over the past, 10, 20 and 30 years. If you need to reside in Malaysia, just rent. Super cheap. The owner is subsidising you. I am one of them. My tenants love me. 🫶
I would like to stay as a permanent resident wIthout being a burden on the Malaysian government AND spend my money in Malaysia which would help churn the economy but these MM2H conditions are ridiculous. I don’t want to purchase property but happy to rent which would clearly help Malaysian property investors. Malaysian banks interest rates are very low and the ringgit is very weak so why would I? It’s not a good financial move. I have no interest in spending 50% of deposit on any of these 4 sectors? If I could invest in a sector which gives good capital growth and returns, then ok. Agent fees are ridiculous, I can afford but it’s robbery, so forget it.
Thanks for providing further information, I thought the partial withdrawal from the fixed deposit can now been done as opposed to after one year? Also someone has uploaded a video plagiarising this exact content
Can you share where you got the information stating that for SEZ, you are ONLY allowed to get property in Forest City and Iskandar? How is the property market there? Can you also share a reliable agent? Can you pledge your existing property in KL for acquiring SEZ or are you required to purchase one in SEZ to qualify?
I would be rather reluctant to buy in Forest City considering that builder's Tofu Dreg construction methods back in China. But it would be great to get a list of developers selling properties in the SEZ.
I do recall now that Forest City is known as the "Ghost City," where no one wants to live. It was developed with the intention of becoming a bustling urban area, but it has remained largely uninhabited. The lack of residents has turned it into a modern-day ghost town, despite its advanced infrastructure and ambitious planning. It seems like a quicksand situation created by the Malaysian government. Thanks!
10 years? Wow. What happens if you buy a badly constructed dwelling or if the area changes to high crime or the RE value declines drastically. Ten years is far too long to hold.
If a foreigner buys multiple properties without a visa can foreigner rent to properties out to tenants? If yes what is the taxation on this please? Thank you
Each state in Malaysia has its own rules and regulations. There are some states where you can purchase overhang properties below RM 1mil even if you do not have a MM2H visa. Best is to pick the state you are interested and look for an experienced agent there to guide you.
