Way back in May / June when we were looking, the price seem to be from RM2.5 psf, but prime land overlooking the sea from a hillside was approx RM11.5 psf. Also depends on who you use to find available land for you, as we couldn't find any real estate offices except a certain agent who has offices in London & Langkawi &, well , lets say no more about that one. We ended up ringing a lady who discreetly puts small roadside signs saying "real estate, & her Mobile No" She turned out to be very respected local lady who knows everyone including banks & solicitors.
You must be careful with Langkawi as most of the land is "Malay Reserve" which means no one can own the land freehold as it will always belong to Malaysia. The only way around this is to pay for a long lease 33 yrs / 66 yrs / 99 yrs & have it built into the sale contract that you or your desendants have guaranteed renewable lease for the future. Dont forget that in 99 yrs even your grandchildren will not be around.
You are of course allowed to invest in a local business, (being retired you cannot officially work) with a local as head of the business. you can buy a defunct business name by choosing from a list at the local office in town.............what you do about employing a local as head of the business is up to you. This business can then buy the land & build on it.
Not 100% certain if the following is fact but if you own the land you don't need planning permission to build your own home on it, but if you intend building more on the same land then you do need planning. hope this helps so far.
As regards to the builders on Langkawi they have more than there fair share of cowboys (apparantly) but my architect is using the same builders for her own house as she has employed for mine. So that saved me finding out the hard way. You are always asked what quality of build do you require, low / medium or high, they then give you a quote for that quality, we went for the medium as that is what she was using, so we took her word for it. We of course will know better once we finally arrive over there shortly.
If i can think of anything else i will add to this later.
John