11/10/2021
Is it safe to buy property in Malaysia?
Malaysia has one of the most well-documented and safest title systems in Asia. This applies to both land plots and condominiums, so you are unlikely to have any problems from the government.
So any problems or things to look out for – as is the case in almost every real estate market in the world – will be those that come from a development company or builder.
If you buy from any reputable company, you will be fine. New houses and apartments always come with a guarantee. The developer is obliged to comply with warranties and build the project in accordance with the specifications in the purchase agreement.
There are about twelve publicly registered developers. A Malaysian exchange listed on an exchange country is usually a good sign that a firm has a good track record.
Being on the list means that the company meets certain financial standards, capitalization requirements and is accountable to its shareholders. They are not going to just run out of money in the middle of a project.
