Foreign Investment Guide 1
	"GUIDELINES ON THE RELAXATION OF THE CONDITION THE ACQUISITION OF PROPOERTIES BY FOREIGN INTERESTS BACKGROUND"     Background This guideline is to clarify the criteria for the relaxation of the condition for the acquisition of properties by foreign interest, in order to assist the property sector due to the current difficult economic condition. This relaxation is made after taking into consideration the proposal made by the National Economic Action Council (NEAC) as a result of the discussion with various parties involved in the property sector. The Guidelines containing the relaxation will be reviewed once the economic conditions improve.   Guidelines The Guidelines are as follows:   - foreign interests will be allowed to purchase all type of residential units, shophouses, commercial and office spaces subject to the purchase price is above RM250,000 per unit. This relaxation is only applicable to projects that are newly completed or at least 50% in progress; - property developers should not modify the existing design or the structure of their respective buildings with the intention of increasing the unit price to more than RM250,000; - the financing for the above acquisition must be obtained from overseas financial intstitution outside Malaysia;