1. Acquisition of properties costing less than RM10 million by Malaysian citizens is exempted from FIC approval. (Previous limit was RM5 million limit). The intention is to facilitate and expedite the completion of all transactions of less than RM10 million at State Authority level.
     
  2. The following property sale transactions of less than RM20 million need only be reported to the FIC Secretariat. In such cases, State Authority do not have to wait for FIC approval.

    (a)   Sale by Bumiputera to Bumiputera;
    (b)   Sale by non-Bumiputera to Bumiputera;
    (c)   Sale by non-Bumiputera to non-Bumiputera; and
    (d)   Sale by foreign interests to Malaysian citizens.

  3. Foreign interests undertaking manufacturing activities who have secured exemption from manufacturing licenses from Ministry of International Trade and Industry, are allowed to own industrial lots or factories for manufacturing activities only. This is to facilitate acquisition of industrial properties by foreigners, without equity conditions, but for the purpose of manufacturing and not for rental.
     
  4. Further relaxation of the 22 April 1998 Special Guidelines: 

    4.1   Foreigners are allowed to acquire all types of residential units, shop houses, office space and retail space in either old or newly launched projects costing more than RM250,000 each without having to set up a company with local equity. (Previously foreigners were only allowed to acquire properties in projects that had already been completed or 50% completed.)
     
    4.2   Foreigners  are allowed to obtain their funding for the above acquisitions from local sources (previously funding provided by external sources).
     

  5. To encourage the establishment of headquarters or regional offices in Malaysia, foreign companies are allowed to own offices or office space, including for their branch offices (costing more than RM250,000 each) without any limit on the number of units they can any equity conditions.
     
  6. Foreign companies incorporated in ASEAN countries intending to set up joint ventures or engage in trading and commercial activities in Malaysia are allowed to own office or office space (costing more than RM250,000) without any equity restrictions.
     
  7. Residential Properties
    The latest government stimulus package announced in June 2003 allowed foreigners to purchase residential properties valued above RM250K instead of RM150K.

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