RHB Banking Group has launched its latest offering under the RHB Premier proposition which is the RHB Overseas Property Financing, a Malaysian Ringgit (MYR)-denominated, full flexi housing financing facility tailored specifically for Malaysians aiming to invest in prime residential properties overseas.
This new product is strategically designed to support affluent Malaysian investors who are neither citizens nor permanent residents of Australia or the United Kingdom (UK), but who wish to purchase homes in select international locations.
This financing enables eligible clients to purchase residential properties located within 30 kilometers of the Central Business District (CBD) in Melbourne or Sydney, Australia, and within Zones 1 to 3 in London, UK. These areas represent some of the most sought-after real estate markets in the world, and RHB’s initiative opens the door for Malaysian investors to secure property in these prime zones while managing their financing entirely in MYR.
The RHB Overseas Property Financing product is part of the Group’s broader commitment to support its Premier and affluent clients in their long-term wealth-building journeys.
Real estate, with its proven resilience and potential for both capital appreciation and rental yield, remains a cornerstone asset for investors seeking to preserve and grow wealth over generations. Furthermore, it serves as a natural hedge against inflation and provides valuable portfolio diversification.
Managing Director of Group Community Banking at RHB Banking Group, Jeffrey Ng Eow Oo, emphasised the bank’s role in enabling clients to broaden their investment horizons with confidence. He stated that RHB is committed to being a trusted partner for Premier clients who are looking to diversify their real estate portfolios beyond borders.
According to Ng, the overseas property financing product complements the aspirations of clients seeking new growth opportunities, diversification, and the ability to own a home in globally attractive destinations. He added that RHB is equipped with the expertise to guide clients through their international investment journeys, ensuring confidence and clarity throughout the process.
As part of its design, the financing offers considerable flexibility. Clients may choose to opt for an early release of financing during the construction phase of the property, which helps them manage foreign exchange risks in accordance with Bank Negara Malaysia’s guidelines for foreign currency asset investments.
Once released, the MYR-denominated financing is converted into foreign currency and deposited into RHB’s interest-bearing Multi-Currency Account (MCA). These funds are earmarked as interim security and will later be remitted to the overseas solicitor upon completion of the property, as part of the overall disbursement process.
Moreover, the full flexi feature of the financing allows clients to make excess payments into their financing account at any time, with the added benefit of being able to redraw those funds at no cost after disbursement.
This flexibility ensures clients maintain liquidity and control over their cash flow, even as they leverage financing to support their international property investments.
Looking ahead, RHB plans to expand the list of eligible property locations to include other major Australian cities and additional zones in London, in line with market conditions and the evolving aspirations of its clients.
This continued evolution underscores RHB’s focus on offering meaningful, future-ready financial solutions that align with clients’ wealth goals whether those involve international property ownership, planning for children’s education, wealth preservation, or legacy building.
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri.
