Hi all,
I have a close friend who, somewhat unfortunately, decided too late (after the RM500k hike) to buy a property in JB. I understand that the amount set is a State guide but this friend of mine is really keen to get something within his budget of 350 - 380k thereabouts. I wonder anyone can share or got advise from lawyers whether it is possible for foreigners to get State consent to buy such lower-priced property?
1. If he has a trusted Malaysian relative, just buy under their name and ask the lawyer to do a will to will it to him incase of death. But must make sure that person is trustable. This was what my friend did a couple of years ago. She bought for under RM$250k.
2. Give the seller some incentive and make sure the lawyer is a trusted one to do a debit note from the seller to the buyer.
Caveat Emptor huh....