• The Economic Planning Unit in the Prime Ministers Department has issued a Guideline on the Acquisition of Properties as a measure to stabilize domestic property prices from excessive speculation and to enable local interests to acquire quality properties valued at less than RM1 million per unit, especially residential units.
  • Effective 1 March 2014, the minimum threshold for property acquisition by foreign interest has been raised to RM1mil per unit from RM500,000. This enforcement date is only applicable to the Federal Territory of Kuala Lumpur, Putrajaya and Labuan whereas the enforcement dates in other states is subjected to the respective state authority.
  • The guidelines also provide that foreign interests are not allowed to acquire residential units under the category of low and low- medium cost as determined by the State Authority; properties built on Malay reserved land and properties allocated to Bumiputera interest in any property development project as determined by the State Authority.