penangproperty

Non-Malaysian Buyers

Buying Property in Penang as a Foreigner

Country-specific guides covering minimum prices, state consent, foreign levy, financing, and the projects that work for your specific situation. Zac handles all foreign buyer enquiries personally.

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Featured Guide

MM2H Penang — Property for Malaysia My Second Home Holders →

The complete guide to buying property on the MM2H programme. Visa tiers, financial requirements, property eligibility, and the best Penang projects for MM2H lifestyle buyers.

Rules That Apply to All Foreign Buyers in Penang

Minimum price (Penang Island)RM 1,000,000
Minimum price (Penang Mainland)RM 600,000
Foreign buyer levy (Penang Island)3% of purchase price
Foreign buyer levy (Penang Mainland)2% of purchase price
State consent (COSA) requiredYes — 3 to 6 months processing
Maximum bank loan (typical)70% of purchase price
RPGT after year 55% on gains (foreigners)
Repatriation of sale proceedsPermitted — no capital controls

* Rates are subject to change. Verify current rates with a Penang-based conveyancing lawyer before transacting.

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