Question of the day.

Hi, I am British and own an apartment in Malaysia. I want to gift it to my brother, who is Singaporean. Is this possible? And would it matter if he is my half-brother?

Answer:

Hi, Thanks for the question. The answer is below.

Based on the current guidelines, you can transfer (gift) to anyone you like including your half-brother.

However, since you’re a foreigner, so do your brother (Singaporean) there are a few guidelines that you have to fulfill.

But the main one will be the market value of the property. The property must reach a minimum market value before you can do the transfer.

For example, if the property located in Kuala Lumpur, the minimum requirement will be RM1million.

While in Selangor is RM1 million for Zone 3 property and RM2million for Zones 1 & 2.

For other states, I will suggest checking with the local land office on the guidelines.

If you are under Malaysia My Second Home (MM2H) program, the guidelines will be different, and the requirement will be lower too.

I hope this answers your question.

Thanks.

LIKE, SHARE & FOLLOW US!

#malaysiahousingloan

MALAYSIA HOUSING LOAN

Online Mortgage Consultant

Call or Whatsapp Us: 012-6946746 (Talk to David)

Visit Our Website

Subscribe Our Youtube Channel

Follow us on Facebook

Contact Us

Have any Questions?
Fill up the contact form below. We will get back to you as fast as possible :)

To:
Quotation Will Send By Whatsapp.
Start Over