In every country, additional fees are typically involved when purchasing property as a foreigner. Malaysia is no exception, and these fees vary from state to state. Let’s focus on Penang.
The fees involved depend on whether you’re purchasing secondary property on the island or the mainland. Here’s a breakdown of the fees applicable:
Property Type
| Location | Strata (Min) | Landed (Min) |
| Island | RM 1,000,000 | RM 3,000,000 |
| Mainland | RM 500.000 | RM 1,000,000 |
State Consent
| State Consent (Individual) | RM 10,000 (Residential) | RM 20,000 (Commercial) |
| State Consent (Company) | RM 20,000 (Residential) | RM40,000 (Commercial) |
State Levy
| RM 1 mil to RM1.5 mil | 1.5% of purchase price |
| RM 1.5 mil above | 3.0% of purchase price |
Please be aware that the figures provided are accurate as of the time of writing and may be subject to change in the future.
From the Desk Of Miichael Yeoh
Miichael Yeoh 