MM2H Property – For Rental
Let us know of your needs… budget, size and preferred location. We like to know of your other concerns such as…
“Do you want the place to be near your children’s school or work place?” “Do the schools offer transport for your children?”
Below are the main places currently occupied by the expatriates:
• Mont Kiara
Rental prices vary from RM 1,800 for one-bedroom to RM 5,000 for a fully furnished home of 2 to 3 bedrooms with good security and facilities. We can assist in providing rental services, depends on your requirement, there may be some fee to cover transportation and handling will be charged. Please do let us in advance so we may help you to arrange and plan for viewing appointments.
MM2H Property To Rent – Things to know As a Tenant!
We provide assistance in renting services for you and your family to source the right property, to handle matters on your behalf and to negotiate the terms and conditions in the renting agreement. As a tenant, you would like your rental agreement to be properly spelt out so as to protect your interest during your stay as well as your deposit when you move out. Properly handover and check-in to the property is of utmost importance – this will help you to avoid complications and legal actions that may be taken by the landlord. Usually, the minimum rental period is one year. Deposit that is usually required for rent is equal to 2 months and ½ a month for utility. The notice of termination should be given at minimum 2 months in advance. Monthly rental is payable via bank-in directly to the property owner’s account.
[Read more: Property renting in Malaysia]
MM2H Property -Criteria for Property Purchase
With effect from 1st January 2010, all foreigners are subject to a minimum purchase price of RM 500,000 (USD160,000) per property in Malaysia under the Malaysia My Second Home Program. The minimum price will be changed to RM 1million (USD350,000) with effect from May 1st, 2014 [Read: The Star- News Write-up]
All MM2H participants can purchase an unlimited number of properties in Malaysia for both residential and commercial purposes. The minimum price per property is RM 1 million (USD 350,000) is applicable for any type of property. The process of purchase can be tedious without your presence in Malaysia – each stage of the process may demand your attention in terms of payment and signing of document. Legal procedures in property purchase in Malaysia usually complete within 4 to 5 months. However, in some cases, this may drag up to 6 to 8 months if the seller has some disputed settlements with bank or the developer of the property management.
In total, there are 7 parties involved in completing a Property Purchase process in Malaysia:
Upon your appointment, we act as your Independent Investment Consultant in Malaysia to complete your property deal. This includes liaising with real estate agency, your lawyer, banker, seller’s lawyer, property valuer and land office during the property purchase proceeding. We will also vet through all documents to ensure they are in order, especially that involving property transfer ownership as these documents are mostly in the Malay language. Our property service will also include tracking and updating you on payment needed at every stage of the process.
Our assistance to all clients usually begins from the first stage of consulting the type of investment to purchase, arranging viewing, booking and up until the handover of the property which also include application of financing. From the initial ability to control the booking terms and conditions, we will assure the onward processing can be better managed, avoiding any dispute that may arise.
Our services as Independent Investment Consultant include:
• Negotiation and handling of the purchase process
• Negotiation and application for your bank loans
• Sale handling and marketing
• Rental services
• Managing of your tenancy
Thank you very much for these feedbacks!
“Thank you for getting a good place for us to stay. It is convenient to my son’s school and your assistance was complete!”
– Reza Massahi (Iran)
“Good and honest service in completing the purchase of our 3 properties, especially since we cannot speak and understand English well. We were also able to get bank loan without much hassle all handled by Ms Bee”
– Izmailov (Kygryz Republic)
“Thank you Ms Bee for your professional handling to get a villa. The price was well negotiated and all the legal processing went well even until the handover of the keys”.
– Khalid Khalil (Iraqi)
“Thank you for advising me of the right choice of getting a shop lot rather than a residential unit for my needs. I am happy with your service”.
– Khalid Al-Shami (Palestine)
“I am glad to have had Complete Point with me when I needed to purchase a property. They recommended a potential investment to me and subsequently handled the withdrawal of the MM2H Fixed Deposits”.
– Das Ramnath (USA)