Perak
Two verified developments are listed here for Perak, and both are in Ipoh. Only one publishes an official price — Anderson Residences, at RM225,300 to RM402,400 across its block schedules. Raffles 188 publishes no price list at all; the figures in circulation for it are reported, not gazetted, so this page shows none.
Anderson Residences is 1,290 freehold condominium units of 516 to 884 sq ft on Lebuh Cator, opposite Hospital Raja Permaisuri Bainun and next to SMK Anderson, with completion stated as the first quarter of 2028. Raffles 188 is a single block of 188 units, 712 to 888 sq ft, on Jalan Kelab Golf beside the Royal Perak Golf Club, reported as 99-year leasehold, with no completion date stated by the developer.
Perak is the state to read twice if you are not a Malaysian citizen. Non-citizens and foreign companies are recorded as barred from acquiring, owning, holding or inheriting freehold property here, a position taking effect from September 2023. Separately, for residential strata bought direct from a developer in Zone 1, which is Ipoh, the foreign-buyer band starts at RM500,000, and sub-sale strata purchases by foreigners are recorded as not permitted at all. Anderson is freehold and its ceiling is RM402,400, so it fails on both grounds; at Raffles 188 only the largest layout may clear the floor. Malaysian permanent residents count as foreign interest. Confirm all of it in writing with the Perak Land and Mines Office before a booking fee.
Frequently asked questions
Can a foreigner buy freehold property in Perak?
No. Perak is recorded as barring non-citizens and foreign companies from acquiring, owning, holding or inheriting freehold property, a position taking effect from September 2023. That restriction belongs to Perak — it does not exist in Johor, Kuala Lumpur, Selangor or Penang, and neither the rule nor its absence should be carried between states.
What remains open to a non-citizen here is leasehold title. On any leasehold offer, ask for the expiry year rather than the original term: a 99-year lease granted in 1960 and a 99-year lease granted in 2020 are not the same asset, and only one of them is financeable.
Foreign interest includes Malaysian permanent residents. If you hold PR rather than citizenship, this applies to you in full.
What is the minimum price for a foreign buyer in Perak?
It depends on the zone and on whether you are buying from a developer or in the sub-sale market — and the sub-sale answer is the one people miss. Sub-sale residential purchases by foreigners in Perak are recorded as not permitted at all, at any price.
For residential property bought direct from a developer, Perak runs a zoned band. Zone 1 is Ipoh, and the developer-direct band starts at RM500,000 for strata and RM700,000 for landed, running up to RM2,000,000 across the zones.
So a foreign buyer in Perak has to satisfy three conditions at once: leasehold title, direct from the developer, above the zone floor. Perak's rules are unusual enough that I would not act on them from any website, including this one. Get written confirmation from the Perak Land and Mines Office through a Perak conveyancing solicitor.
What does that mean for the two Ipoh projects listed here?
Anderson Residences at Ipoh is closed to a foreign buyer twice over. It is freehold, which ends the matter under the September 2023 restriction. And its published block price schedule runs RM225,300 to RM402,400, so even the most expensive unit falls short of the RM500,000 developer-direct strata floor for Zone 1.
Raffles 188 is reported as 99-year leasehold, which at least clears the tenure hurdle in principle. But the expiry year is not disclosed by any source, and the developer publishes no statutory notice at all — no licence number, no advertising and sale permit, no price ceiling. With no published ceiling there is nothing to test against the floor.
For a Malaysian buyer none of this applies and both schedules are fully open. For anyone else the sequence is: title category and lease expiry in writing, then the permit, then a written eligibility ruling, and only then a booking fee.
Is Ipoh oversupplied?
Yes, and Perak leads the country. NAPIC recorded Perak's residential overhang at 4,063 units in the first quarter of 2026, the highest of any state in Malaysia. In 2025 Perak held 3,943 unsold completed units, 12.9% of the national 30,471.
Kinta district, where Ipoh sits, held 1,035 of those — 26.2% of the state total — and Kinta's unsold stock is mainly condominiums and apartments. Kinta also holds more than 60% of Perak's condominium and apartment stock. The RM200,001 to RM300,000 band accounts for the bulk of the state's unsold units, which is exactly the band the entry layouts at Anderson Residences sit in.
Valuers attribute the Ipoh problem to a local preference for landed homes over high-rise. That is a structural demand issue rather than a pricing one, and it does not resolve by discounting.