What is the difference between Malaysia's freehold and leasehold property ownership?

Freehold ownership grants indefinite possession of the property and land. In contrast, leasehold ownership is limited to a specific period (e.g., 99 years), after which the land reverts to the state unless renewed.

What rights do strata title owners have in Malaysia?

Strata title owners have exclusive ownership of their units within a building and share ownership of common areas. They are also entitled to participate in the management decisions of the property through the Management Corporation (MC).

How can I transfer ownership of Malay Reserve Land in Malaysia?

Malay Reserve Land can only be transferred to Malay individuals or entities. Any transfer or sale is subject to restrictions and requires approval from the state government.

What legislation governs property ownership in Malaysia?

Property ownership in Malaysia is primarily governed by the National Land Code 1965, Strata Titles Act 1985, and Malay Reservations Enactment, which regulate the rights and responsibilities of property owners.

Can leasehold property ownership be extended after the lease expires?

Yes, leasehold property ownership can be extended after the lease expires, but this typically requires approval from the state authority and may involve additional fees.

Property and Real Estate Law

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August 30, 2024

Understanding the Different Types of Property Ownership in Malaysia

Discover Malaysia's different types of property ownership, including freehold, leasehold, strata title, and Malay Reserve Land. Learn about the rights and legal frameworks, such as the National Land Code 1965, that govern each ownership type, ensuring informed real estate decisions.