Sale & Purchase Procedures (Purchaser)

TO BUY A PROPERTY IN MALAYSIA

Pay 3% of Purchase Price as booking deposit (Sign Letter of Offer)
AND
Pay 7% of Purchase Price 14 days later (Sign Sale & Purchase Agreement)
AND
Pay 90% of Purchase Price 3+1 months after signing Sale & Purchase Agreement (Take Possession of Property)

 

SALE AND PURCHASE AGREEMENT LEGAL FEES

%
First RM 150,000 1.00
RM 100,001 – RM 500,000 0.75

 

SALE AND PURCHASE AGREEMENT STAMP DUTY

%
First RM 100,000 1.00
RM 100,001 – RM 500,000 2.00
RM 500,001 and above 3.00

 

DOCUMENT REQUIRED TO DRAFT SALE & PURCHASE AGREEMENT

  • Copy of title
  • Copy of letter of offer to purchase
  • Copy of sale and purchase agreement between vendor and the previous owner
  • Copy of I/C of vendor and purchaser

On the acquisition of real properties by foreign interests

Foreigners purchasing properties in Malaysia are subject to FIC (Foreign Investment Committee) approval.

For more details, please call the FIC at 603-8888 2927.