Rules For Overseas Investor in Malaysia
From: Malaysian Estate.com


Non-Malaysians and foreigners must obtain the consent from the state where the property is located before the purchase is considered lawful.

The Steps in the buying are usually as follows:

Step 1: The purchaser pays 2% deposit to secure the property so that the vendor is no longer allowed to sell to another party.

Step 2: A solicitor drafts a Sale and Purchase Agreement (SPA).

Step 3: The purchaser pays the remaining deposit to make up a total of 10% of purchase price until this stage.

Step 4: Complete the remaining payment of 90% within the next 3 months, although an extension for another 30 days may be obtained where an agreed interest rate is applicable on the outstanding sum.

Prior to purchasing a property, you should also provide for the following costs:
Government stamp duty, valuation fee, legal fee, agent's fee (in some cases may be up to 3% of the property price), loan agreement fee (if applicable).

Recently Malaysia introduced relaxation on capital gains taxation.
You should do your research and budgeting properly in line with your intended investment holding period prior to making any commitment to purchase.

If you are a foreigner and you hold the property for over 5 years, you can reduce the 30% capital gains tax to just 5%.