Yup that is true, each malaysian is entitled to one AP in a lifetime.
So, if you happen to be a Malaysian, voilla, you are eligible for one AP already..
Btw, i have a german friend (expatriate working in Msia) many years ago, i remembered him bringing in hisToyota MR2 (left hand drive) to Msia..He has been driving with his car all the time while in Msia..so i guess, it is possible to bring in your M3 here..
Good luck man !!