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Real Estate in Ipoh, Malaysia | Expat Exchange
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Real Estate in Ipoh, Malaysia

By Joshua Wood, LPC

Last updated on Jul 01, 2024

Summary: The most desirable neighborhoods in Ipoh, Malaysia are Taman Ipoh Jaya, Taman Ipoh Timur, Taman Ipoh Selatan, Taman Ipoh Barat, and Taman Ipoh Utara. On average, a nice 2 bedroom home in Ipoh costs around $100,000 USD, while a nice 3 bedroom home costs around $150,000 USD. These properties typically include modern amenities such as air conditioning, a kitchen, and a balcony. Foreigners are allowed to purchase property in Ipoh, but there are certain restrictions. For example, foreigners are not allowed to purchase property in certain areas, such as Malay Reserve Land. When searching for a home to buy in Ipoh, an expat should consider their budget, desired location, and amenities. It is also important to research the local real estate market and consult with a real estate agent to ensure that the property is in good condition and that the purchase process is handled properly.

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How do I find a place to live in Ipoh?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Ipoh is to search online for rental listings. There are many websites that offer listings of apartments, houses, and other types of rental properties in Ipoh. Additionally, you can search for rental listings in local newspapers and classifieds. You can also ask friends and family who live in Ipoh for recommendations. Finally, you can contact local real estate agents who specialize in rental properties in Ipoh," remarked one foreigner who made the move to Ipoh.

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What is a typical expat home or apartment like in Ipoh?

"Expat homes and apartments in Ipoh typically feature modern amenities and furnishings, with many having air conditioning and other comforts. Many expat homes and apartments are located in the city center, providing easy access to shopping, dining, and entertainment. Expat homes and apartments often have balconies or terraces, providing a great view of the city and surrounding area. Additionally, many expat homes and apartments come with access to a swimming pool, gym, and other recreational facilities," said one person in Ipoh.

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Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

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Relocating abroad soon? Make your move with AGS! AGS Worldwide Movers is a leader in the international moving industry. Our experience and expertise allows us to guarantee our clients the best quality moving services.

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What is the average cost of housing in Ipoh?

If you are thinking about moving to Ipoh, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Ipoh varies depending on the type of housing and the location. Generally, the cost of renting a house in Ipoh is relatively affordable compared to other cities in Malaysia. Prices for apartments and condominiums range from moderately priced to more expensive, depending on the size and amenities," explained one expat living in Ipoh, Malaysia.

Should I buy or rent a home in Ipoh?

If you have not spent a lot of time in Ipoh, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Ipoh can be a great investment. The city is known for its low cost of living and its vibrant culture. The property market in Ipoh is also relatively stable, making it a good option for those looking to invest in real estate. Renting a home in Ipoh can also be a great option for those who are not ready to commit to buying a home. Renting can provide flexibility and allow you to explore different areas of the city before making a decision. Ultimately, the decision to buy or rent a home in Ipoh will depend on your individual needs and preferences," said one person in Ipoh.

What do I need to know when buying property in Ipoh?

When we asked expats what advice they would give a foreigner before buying a property in Ipoh, they said:

"When buying property in Ipoh, it is important to research the local market and understand the current trends. It is also important to consider the location of the property, as well as the amenities and services available in the area. It is also important to consider the legal requirements for purchasing property in Malaysia, such as obtaining a loan from a local bank and obtaining the necessary permits and approvals. Additionally, it is important to understand the tax implications of buying property in Malaysia, as well as any other fees or costs associated with the purchase. Finally, it is important to work with a reputable real estate agent who can provide advice and assistance throughout the process," explained one person living in Ipoh, Malaysia.

Are foreigners allowed to own property in Ipoh?

When we asked expats what advice they would give a foreigner before buying a property in Ipoh, they said...

"Yes, foreigners are allowed to own property in Ipoh. However, there are certain restrictions and requirements that they need to fulfill. Foreigners can purchase residential properties, commercial properties, and industrial properties, but they must meet the minimum purchase price set by the state government. This minimum price varies depending on the type of property and the location. Additionally, foreigners are not allowed to purchase properties designated as Malay Reserved Land or properties allocated to Bumiputera (indigenous Malaysians). It is also important for foreigners to obtain approval from the State Authority before purchasing a property in Ipoh, Malaysia," remarked one foreigner who made the move to Ipoh.

What appliances are typically included in a rental?

We asked foreigners in Ipoh what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In Ipoh, rental properties typically include a refrigerator, stove, oven, washing machine, and air conditioner. Other common appliances may include a microwave, water heater, and dishwasher," explained one person living in Ipoh, Malaysia.

Additional Information about Searching for a Home in Ipoh:

We asked foreigners in Ipoh what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats searching for homes in Ipoh can start by browsing online property websites and portals that cater to the local market. They can also join expat forums and social media groups to gather recommendations and insights from fellow expats who have already settled in Ipoh. Additionally, they can reach out to local real estate agents who are familiar with the area and can help them find suitable properties based on their preferences and budget. Visiting the city and exploring different neighborhoods can also help expats get a feel for the area and identify potential homes. Lastly, networking with locals and other expats can provide valuable information on available properties and rental rates in Ipoh," explained one person living in Ipoh, Malaysia.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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