| Before Jan 1, 2014 |
After Jan 1, 2014 |
Effective Sept 1, 2014 |
|
| Residential Properties Zone 1 and Zone 2 |
RM 500,000 | RM 1,000,000 | RM 2,000,000 |
| Zone 3 (limited to strata and landed strata only) |
RM 500,000 | RM 1,000,000 | RM 1,000,000 |
| Commercial Zone 1 and Zone2 |
RM 500,000 | RM 1,000,000 | RM 3,000,000 |
| Industrial / Manufacturing Zone 1, Zone 2 and Zone 3 |
RM 500,000 | RM 1,000,000 | RM 3,000,000 |
Source : The Star Online
The new rules restrict this market segment from purchasing all types of properties costing less than RM2 mil. This change came in effect on September 1, 2014.Previously set to RM1 mil, the minimum price is based on zones in districts affected by this policy.Foreigners, PRs and foreign companies can now only buy residential properties that are priced at a minimum of RM2 mil for Zone 1 and Zone 2.A minimum of Rm1 mil is required for purchases in Zone 3.Zone 1 consists of Petaling, Gombak, Hulu Langat, Sepang and Klang districts. Zone 2 consists of Kuala Selangor and Kuala Langat. Zone 3 consists of Hulu Selangor and Sabak Bernam.
Furthermore, only strata and landed strata properties can be bought by foreigners, PRs and foreign companies, in addition to the increased minimum price threshold.
Buyers from the affected group can also buy property from the commercial and industrial sub-segments; however, only properties above RM3 mil and above are purchasable in all the three zones.
Properties set aside for bumiputras are not allowed to be purchased while not more than 10% of non-bumiputra units can be bought. In addition, agricultural land, Malay reserve land, non-strata landed residential and auction properties are also off the table for purchase by foreigners, PRs and foreign companies.
Participants of the Malaysia: My Second Home programme are also to follow this policy.
The rule states that they are to buy directly from the developers and not from the secondary market and only one family per residential unit is allowed.