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Regulations to buy a house in KL


#1  2012-06-03 15:32:08

vp2216
New member
From: kemaman
Registered: 2012-06-03
Posts: 1

Regulations to buy a house in KL

We wish to buy a house in KL, & want to know govt regulations, bank loans, & other matters regarding purchasing a condo/flat in KL.
Pl suggest.




 
 
 

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#2  2012-06-04 14:09:30

Aurélie
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Aurélie
From: Pamplemousses
Registered: 2012-05-02
Posts: 19923

Re: Regulations to buy a house in KL

Hello vp2216.

Welcome to Expat Blog!

A new thread has been created on the Kuala Lumpur forum as you were off topic on the previous one. smile

Hope you will soon be advised.

Thank you,
Aurélie




 

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#3  2012-06-05 13:59:57

Nemodot
EB member +
Nemodot
From: Kuala Lumpur
Registered: 2011-04-04
Posts: 511

Re: Regulations to buy a house in KL

Hi as a foreigner you cannot purchase property less than 500k. You used to need permission to buy from the local state as well that took 3 months. That may or may not still be true. You really need to consult a good lawyer and becareful when paying a deposit usually of 3% is fraught with dangers without proper legal advice.

As an expat LTV is usually low like 60% so you need at least 200k in cash for the deposit of 40% of 500k




 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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