Johor is a state of Southern Malay Peninsula. For years, about the property price the homes in Johor is still relatively lower than Penang and Kuala Lumpur. Hence, the property market is certainly banking in on local Johor population working in Singapore to purchase homes more than any other target market. If you are foreigner and plan to invest in a property in Malaysia, some following tips will help you.

In Johor, you will be financed your property. As a foreigner, you can loan up to 70%. In the cases, the banks will ready to finance your purchase of 50% of your property price.

As a foreigner, you are only permitted to own not more than 2 properties. If you intend to buy a third property, you will have to invoke to the Foreign Investment Committee and supply a valid reason for the third purchase.

If you intend to purchase or have purchased a property for sale in johor, you are allowed to open a bank account to send your money from your dwelling country and pay for the property.

If you destine for dispose your property within the 5 years after the date of your attainment, you will be taxed 30% of the profit only. If you dispose your property after the 6th year of your purchase, you will be taxed on 5%of your profit.

You are permitted to purchase a property costing more than Ringgit 150,000. In some states such as Johor, Melaka and Penang, the purchase price of the property must be more than Ringgit 250,000.

You are allowed to purchase residential apartments, condominium for sale, service apartments and landed properties such as terrace, semi-detached and bungalows.

You are asked to pay legal fees and expense for the preparation of the sale and purchase agreement whichis a percentage of the value of the property. You should plan to take up financing from a bank, you will have to pay legal fees and disbursements for the preparation of the loan documents.

I hope that with some above useful informations you can feel comfortable and believe to buy best properties for sale in Johor.