Foreign Investment Committee

Foreign Investment Committee (FIC) Guideline

Acquisition of Properties by Foreign Interests under Foreign Investment Committee (FIC)'s Guideline.

1. Acquisition of Residential Units Under Malaysia My Second Home Programme
   
   
   • Purchase of residential unit is exempted from FIC's approval under the Malaysia My Second Home Programme.
   • All categories of residential units are allowed except for low-cost and medium low-cost units as determined by the state authorities, all properties built on Malay reserve land, units that are reserved for Bumiputera quota and agricultural land developed on the basis of the homestead concept
   • State authority has the discretion to consider the acquisition based on location, no. of unit in any single project development and type of the properties.
   • Any proposed acquisition under Malaysia My Second Home Programme must be directly applied to (Ministry of Tourism).
   • The detailed particulars of the acquisition should be notified to FIC by the Ministry.
   
   
2. Acquisition of Properties
   
   • Acquisitions of properties other than residential units are subjected to FIC's approval
   • Any proposed purchase should be more than RM250,000 except state of Sarawak where the purchase should be more than RM350,000.
     
     
3. Transfer of Properties by Foreign Interests
   
   • Transfer of properties by foreign interests are only allowed to their immediate family members only.
     Family members under FIC's guidelines are through marriage (husband and wife), blood ties (grandfather, grandmother, siblings, step-children and legally adopted children)
   • Transfer of properties through Will or Court Order is exempted from FIC's approval
     
     
4. Acquisition Procedure Of Residential Unit Under Malaysia My Second Home Programme
   
   • Identify the property in which the participant intends to acquire
   • Buy properties that have been issued the Certificate of Fitness (CF)
   • Seek information on the property from relevant authorities (land office, local authorities)
   • Assign a lawyer and get the S & P Agreement signed
   • Get a letter from Ministry of Tourism certifying that the acquirer is a participant of Malaysia My Second Home Programme
     
     
5. Commercial Buildings
   

All purchases of commercial property by non-Malaysians require FIC approval. A foreign interest may acquire commercial property valued at less than RM10 Million, without having to incorporate a local company, provided that the commercial property is for its own use.

1. Foreigners are not allowed to purchase commercial buildings as follows:
   
   • Double / single storey shop houses
   • Low cost shop houses
   • Stalls
   • Workshops
   • Commercial buildings on Malay reserve land
     
     
2. Foreigners are allowed to purchase commercial buildings as follows:
   
   • Shop houses of 3 storeys or above worth at least RM500,000 as exercised by respective State authorities.
   • Lots of commercial complexes or offices, where total units purchased are limited to 20% of the total units available and the acquisition is made through a company established in Malaysia with at least 49% Malaysian equity (inclusive of at least 30% bumiputera equity) for this purpose.
     
     
3. Disposal of Properties
   
   • Identify interested local buyer. If foreign buyer, please seek prior approval from FIC
   • Sign the S & P agreement with the interested buyer
   • Notify relevant authorities (FIC, Ministry of Tourism, Inland Revenue Board) of the disposal of the property
   • Pay property gain tax to Inland Revenue Board, if applicable

Further Enquiries: -

Ministry of Tourism Malaysia	Foreign Investment Committee (FIC)
Level 23, Menara Dato' Onn, Putra World Trade Centre, 50695 Kuala Lumpur, Malaysia. Tel No: +(603) 2693-7111 / 2696-3360/1/2/3/4 / 2696-3351/3 (8.00 a.m to 5.00 p.m) Fax No: +(603) 2693-3533 E-mail Address: mm2h@motour.gov.my Website: http://mm2h.motour.gov.my/	Economic Planning Unit, Prime Minister's Department, Block B5 & Block B6, Federal Government Administrative Centre, 62502 Putrajaya. Tel No: +(603) 8888-3333 Fax No: +(603) 8888-3755 Email address: info@epu.gov.my Website: http://www.epu.gov.my

Loan Application

Checklist for housing/property loan/financing application

FOR SALARY EARNER
Photocopy of your identity card/passport

Photocopies of your latest 3 months’ salary slips

Photocopies of your latest income tax return (J Form) or EA form

Sale and purchase agreement/deposit or booking receipt/letter of offer from the housing developer

Photocopy of the land title (if any)

Valuation report for completed houses/properties

FOR SELF-EMPLOYED
All the documents stated above (except for salary slip) and the following:

Business registration document

Latest 3 months bank statements

Latest financial statements

EPF

Employees Provident Fund (EPF) Withdrawal Procedure

Account 1 Account 2 % of distribution from monthly contribution 70% 30% Purpose of Account Savings for retirement. This savings cannot withdraw before you attain the age of 55 years old. To own a house To finance you and your children’s education. For medical expenses. Upon attaining age of 50 years old.

Types of residential housing withdrawals:
1) To purchase or build a first house.
2) To purchase or build a second house.
3) To reduce or redeem the housing loan for first house.
4) To reduce or redeem the housing loan for second house.
5) To assist spouse to reduce or redeem his/her housing loan.

1) To purchase or build a first house.

• The difference between the purchase price of the house and the housing loan plus an additional sum of 10% of the price of the house OR
• Balance Available in Account 2, whichever is lower.

2) To purchase or build a second house.

• Members are allowed to withdraw their EPF savings for a second time to purchase another house on condition that members have sold (not in possession) the first house purchased through EPF withdrawal.

3) To reduce or redeem the housing loan for first house.

• Application for withdrawal can be made once every year from the date of the last housing withdrawal, with a minimum amount of RM500.

4) To reduce or redeem the housing loan for second house.

• The same conditions apply as per item 3 above, but subject to showing proof of sale or not in possession of the first house to EPF.

5) To assist spouse to reduce or redeem his/her housing loan

• Members are allowed to withdraw all money from Account 2 or the difference between the purchase price and loan amount, whichever is lower, to assist their spouse to reduce or redeem the housing loan even though they are not the borrower.

NOTE: The member need not be a joint owner of the house, The condition of withdrawal include the proof of marriage.

Requirement:
1) You must be a member of EPF
2) You have not reached 55 years of age on the date the application is received by EPF.
3) You still have savings in Account 2.

Procedure
1) Submission of EPF withdrawal form together with the original copy of the Sale and Purchase Agreement.
2) Photocopy of your Identification Card.
3) A copy of the letter of loan approval from your end-financier.

Note: The original Sale and Purchase Agreement, Letter of Loan Approval from your end-financier and your original Identification Card have to be sighted by the EPF officials.

Further detail can be referred to:
Kumpulan Wang Simpanan Pekerja
Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur.
Tel : (603) 26946566 Email : enquiry@epf.gov.my
Fax : (603) 26948433 Website : www.kwsp.gov.my

Government Loan

As a government loan applicant, you may have been advised by your Departmental Head on the requirements for a housing loan or you may refer to the web site http://bpp.treasury.gov.my for information. However, we have for your convenience, listed the following documents required for your loan application:

• Application form to be completed in detail.
• Letter of Confirmation and recommendation from your Departmental Head.
• Processing fees (RM1.00 for every RM1,000.00 of loan amount).
• Borang VII (Format VII) - Declaration from the borrower giving consent to the Federal Government to deduct from his/her salary the loan installments (inclusive of interest).
• Copy of title deed.
• Lampiran A - Declaration from the developer consenting to a registrar's caveat.
• Format XIV - To be endorsed by the developer and the borrowers' solicitors.
• Solicitors declaration - confirmation of stakeholder and finalisation of loan documents. Borang Akuan SPP 21/86 - Lampiran IV.
• Letter to the housing loan unit confirming the ability to settle the difference between loan and purchase price ( if it is not a 100% loan).
• Copy of Power of Attorney, if the agreement has been attested by the Power of Attorney.
• Certificate of Fitness - for completed house.
• The progress payment's will be released by the Housing Loan Division only when the title (landed unit) and loan agreement cum assignment (strata unit) has been registered at the land office and the High Court respectively.

Note : The above mentioned format might be changed by the government housing loan unit.
The loan processing is handled by the:

Bahagian Pinjaman Perumahan
Perbendaharaan Malaysia
No 9, Kompleks Kementerian Kewangan
Persiaran Perdana, Precinct 2
Pusat Pentadbiran Kerajaan Persekutuan
62592 Putrajaya
03-8880 2000
Email : pinjamrumah@treasury.gov.my
Website : http://bpp.treasury.gov.my

Sel-Rawang, Batu Arang (Agricultural Land)

Rawang, Batu Arang - RM 15 p.s.f. (Sales)
Property Details

Property Type	Agricultural Land
Tenure	Leasehold 1) expired on 2089 2) expired on 2090 3) expired on 2092
Title Type	Agricultural
Land Area	1) 82,043 sq.ft. / 1.88 Acre 2) 107,640 sq.ft. / 2.47 Acre 3) 123,355 sq.ft. / 2.83 Acre
Asking Price	RM 13 p.s.f (Sales)
Occupancy	Owner Occupied

~Good investment with good rental.
~Good Bargain, price negotiable
~Loan And Lawyer provided

For viewing / enquiries, pls call Angie 012-2013449
To view more PROPERTIES, pls click:
http://angiengproperties.iagent.my/
http://angiengproperties.blogspot.com

*****Owners are welcome to list ***** Tks

Property Features:-

Accessibility	Located in Batu Arang, Selangor, a mere 200 minutes drive from the Rawang / Batu Arang exit on the North South Highway.
Landmark	Taman industrial Integrasi Rawang Rawang Industrial Estate Bandar Country Home Manufacturer of lubricants and fuel oils located in the Rawang Intergrated Industrial Park near Rawang Toll of North-South Expressway
Description	Fish ponds and animal husbandry will be most ideal on the remaiing area.

Sel-Subang, Kampong Baru Subang (Factory/Warehouse)

Kampong Baru Subang - RM 15,000,000 (Sales)
Property Details

Property Type	Factory / Warehouse
Tenure	Leasehold
Title Type	Individual / Commercial
Land Area	52,272 sq.ft. / 1.2 Acres
Built-up Area	43,560sq.ft. / 1 Acres
Asking Price	RM 15,000,000 (Sales)
Unit Type	Intermediate
Occupancy	Owner Occupied
Unit Type	Partly furnished
Facilities	Ceiling Height - 50 feet Power Supply - 3 Phase Floor Loading -

~Good investment with good rental.
~Good Bargain, price negotiable
~Loan And Lawyer provided

For viewing / enquiries, pls call Angie 012-2013449
To view more PROPERTIES, pls click:
http://angiengproperties.iagent.my/
http://angiengproperties.blogspot.com

*****Owners are welcome to list ***** Tks

Property Features:-

Accessibility

- Located at Kg Baru Subang, Jalan TUDM. - From Federal Highway Federal Highway / NKVE Expressway Subang Airport Jalan Pekan Subang TUDM Subang Chinese Primary School Caltex Station Jalan Bukit Badak - From Sungai Buloh RRI Mobil Station Kg. Melayu Subang Sek. Men. Kebangsaan Subang Chong Fong Restaurant Metrol Driving School - From Bukit Jelutong Toll Monterez Gold & Country Club Petronas

Landmark

Banks and financial institutions, numerous food and beverage outlets Sunwaymas commercial centre Schools, a private higher learning institution (Segi colleges...) Medical centre (Tropicana Medical centre, Subang Jaya Medical Centre....) Hotels (Newton Hotel, Tropicana golf & Country Club, Saujana Kuala Lumpur, Concorde Hotel Shah Alam..) Shopping Centre (Econsave, The Curve, One-Utama, Giant, Subang Parade....)

Front View

Sel-Puchong, Asian Water Sports Village

Description:
Asian Water Sports Village Sdn Bhd is an establishment of a group of reputable Developers, Property Managers, Water Sports Professionals & Marketing Specialists in transforming the hugest lake in K.L ( 200 acres) @ Taman Tasik Prima, Puchong into a Dream Holiday Homes in K.L
-Fronting & having direct access to the Biggest Fresh Water Lake in K.L
-Enjoy the best unobstructed SUNSET in town and breezy ambience
-Magnificent lake view from Living area, master bedroom & family area
Facilities:
Barbecue Area, Covered Parking, Jogging Track, Playground, 24hr Security

Must view to appreciate, please call:-

Angie Ng

012-201 3449

To view more PROPERTIES, pls click:
http://angiengproperties.iagent.my/
http://angiengproperties.blogspot.com

*****Owners are welcome to list ***** Tks

Property Type	Waterfront Duplex Villa
Location	Taman Tasik Prima, Puchong, Malaysia
Status	Completed with CF
Land Tenure	99 years leasehold strata title (expired on 23 March 2108)
Total Units	only 16 units
Land Size	2831 sq ft (26’ x 108‘) to 5705 sq ft
Built-up	2540 to 3935 sq ft
Accessory Land	1030 to 3750 sq ft (Lake fronting)
Layouts	4 ‐ 5 rooms, 3 – 4 baths, 1 family
Indicative monthly rental	RM 2, 950.00 – RM 7, 200.00
Indicative selling price	RM 940, 800.00 ‐ RM1, 446, 480.00
Maintenance Fee	RM 110.00 / month (payable to Developer or JMC)
Sinking Fund	RM 10.00 / month (payable to Developer or JMC)
Indicative Pool Fund	RM 200.00 / month (effective from 1st Jan 2012) 1 Full time Gardener 1 Full time Security guard (night shift)
Recommended Solicitor	TEH KIM TEH, SALINA & Co. No. 50‐2, Jln PJU 5/21, The Strand, Kota Damansara, 47810 Petaling Jaya Tel: 03 – 6142 3489, 03 – 6142 3469 (Lawyer in charge: Mr. Teh Tai Yong)

Unique Selling Points (USP):

USP 1 – The LAKE Fronting & having direct access to the Biggest Fresh Water LAKE in KL (approx. 110 football fields) (200 acres, 2.0km length, 1.3 km width, 150m depth, crystal clear water) Excellent for all kind of water sport activities: Jet Skiing, Wake Boarding, Speed Boating, Banana Boating, Water Skiing, Kayaking, Fishing, etc. Enjoy the BEST unobstructed SUNSET in town and breezy ambience, everyday. Magnificent lake view from Living area, master bedroom & family area USP 2 ‐ Water Sport Facilities 1 PWC (jet Ski) dock for each unit 1 kayak (single or double) for each unit USP 3 ‐ Lush greenery Lakeshore Coconut Park on green turfing (8, 000 sq ft) Lakeshore Mango farm on green turfing (8, 000 sq ft) USP 4 – Open concept Fenceless & Borderless private lake garden (from 630 sq ft per unit)

Other Highlights:

The Building	Modern & Contemporary homes Low density and Harmonious Lake Living with nature Designed to bring nature into living spaces and allow for natural lighting
Common Facilities	Children’s concept playground (approx. 41,000 sq ft) Lakeshore jogging track (approx. 2.0 km) Basket ball court
Amenities	1.0 KM to The Wharf waterfront Commercial Hub 1.8 KM to Carrefour Hypermarket (under construction) 4.7 KM to Giant hypermarket 5.1 KM to Tesco hypermarket 6.1 KM to Jusco Shopping Centre @ IOI mall 7.7 KM to Jusco Shopping Centre @ Taman Equine 5 KM to Puchong Financial Corporate Centre 1.8 KM to Bus terminal @ Puchong Utama 4.2 KM to Proposed LRT station @ Tmn Puchong Prima 5.5 KM to Columbia Asia Hospital (Private) 11.0 KM to Sunway Medical Centre 13.7 KM Alice Smith International School 17.5 KM Tanarata International School 12.9 KM to Taylor's University College 16.0 KM to LimKongWing University
Location	Easily accessible from: Lebuhraya Damansara Puchong (LDP) South Klang Valley Expressway (SKVE) North South Central Link (ELITE) North South Highway (PLUS) 13 KM (13 min) to Sunway Integrated Resort City 16 KM (18 min) from Bukit Jalil National Stadium 17 KM (10 min) from Putrajaya / Cyberjaya 29 KM (30 min) from KLCC 47 KM (30 min) from KLIA & Sepang F1 Circuit
Security	24 hours compound Security Gated & Guarded Community CCTV Surveillance & Motion detectors

Monthly Rental for Fully furnished Unit:

Villa no. 7, no. 7-1 & no. 13
Type	Max Capacity	Daily rate	Weekly rate	Monthly rate	Yearly rate
Villa	12 adult 2 children	RM 720	RM 2,880	RM 7,200	RM 72,000
Lake view deluxe room	4 adult	RM 260	RM 1,040	RM 2,600	RM 26,000
Lake view standard room	3 adult	RM 175	RM 700	RM 1,750	RM 17,500
Garden view deluxe room	2 adult 2 children	RM 175	RM 700	RM 1,750	RM 17,500
Garden view standard room	2 adult	RM 110	RM 440	RM 1,100	RM 11,100

Monthly Rental for Base Unit without fitting & furnishing:

LOWER unit:
Type of Villa	Layout	Built up / Lake Garden (sq.ft.)	Available unit	Monthly rental	Rental Deposits	Utilities Deposits	Tenan cy
Inter- mediate	4+1 rooms 3 bath 1 family	2540 630	Villa no. 9, 11, 19, 21, 23, 25, 27, 37	RM 3,250	3 months	1 month	1 year + 1 year
Corner 1	4+1 rooms 3 bath 1 family	2540 3200	Villa no. 29	RM 3,950	3 months	1 month	1 year + 1 year
Corner 2	4+1 rooms 3 bath 1 family	2890 3500	Villa no. 43	RM 4,150	3 months	1 month	1 year + 1 year
UPPER unit:
Type of Villa	Layout	Built up / Roof top Garden (sq.ft.)	Available unit	Monthly rental	Rental Deposits	Utilities Deposits	Tenan cy
Inter- mediate	5 rooms bath 1 family	3455 480	Villa no. 11-1, 13-1, 27-1	RM 2,950	3 months	1 month	1 year + 1 year

Indicative Selling Price:

No.	Villa no.	Lot size (sq.ft.) from 26'x110'	Total Built-up (sq.ft.)	Total Accessory Parcel Area * (sq.ft.)	Selling Price (Bare unit)	Selling Price (Full furnished)	Exclusive agent
1	7	3617	2540	1860	-	1,375,000	General
2	7-1	-	3935	-	-	1,288,000	General
3	9	2853	2540	1050	982,940	TBA	Assure Properties
4	11	2831	2540	1030	980,000	TBA	Assure Properties
5	11-1	-	3935	-	940,800	TBA	Assure Properties
6	13-1	-	3935	-	940,800	TBA	Reapfield Properties
7	15	2831	2540	1030	980,000	TBA	SOLD
8	19	2831	2540	1030	980,000	TBA	Reapfield Properties
9	21	2831	2540	1030	980,000	TBA	Reapfield Properties
10	23	2831	2540	1030	980,000	TBA	Reapfield Properties
11	25	2831	2540	1030	980,000	TBA	Reapfield Properties
12	27	2831	2540	1030	980,000	TBA	Oriental Realty
13	27-1	-	3935	-	940,800	TBA	Oriental Realty
14	29	5393	2540	3600	357,300	TBA	General
15	37	3251	2540	1450	950,000	TBA	Reapfield Properties
16	43	5705	2890	3750	446,480	TBA	General

* Please take note that the above accessory parcel area is an estimation that includes driveway, car porch and garden area. The accessory parcel area is subject to the final measurement and definition by the relevant authority.

Location Map
Location Map
Plan- Lower unit
Plan- Upper unit
Shoe Rack
Living Hall
Living Hall
Living Hall
Living Hall & Dining Area
Living Hall & Dining Area
Dining Area
Kitchen
Kitchen
Master room
Master room
Master room
Master room
Master room
Master room
Master room
Master room bathroom
Upper view
Room A
Room A
Room A
Room A & B share bathroom
Room B
Room B
Room C
Room C bathroom
Soho
Soho
Soho
Soho
Soho
Soho