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Standard Procedure for Buy or Rent Property

Purchasing a Property In Malaysia

Pay 3% of purchase price as earnest deposit (Sign letter or offer).
Pay 7% or purchase price 14 days later (Sign Sale & Purchase Agreement).
Pay 90% of purchase price 3+1 month later.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 03-8888 2929 www.epu.jpm.my

Professional Fee:
Rule 48 (a) of the VALUERS, APPRAISERS AND ESTATE AGENT RULES 1986, provide: The scale of Fees to be charged by registered agents for their professional services for the Sale & Purchase of Land and Buildings shall be:
a) 2.75% on the first RM 500,000.00
b) 2% on the residue over RM 500,000.00

Residential Renting a Property In Malaysia

Pay 1 month Rent as earnest deposit (Sign letter of offer)
Pay in 7 days
2 months rental as security deposit.
1/2 month as utility deposit.
Stamp Duty and disbursement (Sign Tenancy Agreement)

Commercial Renting a Property In Malaysia

Pay 1 month Rent as earnest deposit (Sign letter of offer)
Pay in 7 days
3 months rental as security deposit.
1 month as utility deposit.
Stamp Duty and disbursement (Sign Tenancy Agreement)

Professional Fee:
Our professional fee is equivalent to 1 month’s rental plus 5% Government Service Tax, payable by the Landlord.

Legal Fees and Stamp Duty

Sale & Purchase Agreement

Scale Percentage
1. First RM150,000.00 1%
2. Next RM850,000.00 0.7%
3. Next RM2,000,000.00 0.6%
4. Next RM2,000,000.00 0.5%
5. Next RM2,500,000.00 0.4%
6. Excess of RM7,500,000.00 Negotiable on the excess but shall not exceed 0.4% of such excess

Loan Agreement

Scale Percentage
1. First RM150,000.00 1%
2. Next RM850,000.00 0.7%
3. Next RM2,000,000.00 0.6%
4. Next RM2,000,000.00 0.5%
5. Next RM2,500,000.00 0.4%
6. Excess of RM7,500,000.00 Negotiable on the excess but shall not exceed 0.4% of such excess

Disbursements are chargeable in accordance with the value of the transaction and all fees attract 5% Government Service Tax (GST).

Stamp Duty on Transfers

Value Of Property Rate Of Stamp Duty
First RM100,000.00 1%
Between RM100,001.00 to RM500,000.00 2%
Between RM500,001.00 to RM2,000,000.00 3%
More than RM2,000,001.00 4%

Stamp Duty on Loan Documentation

Value Of Property Rate Of Stamp Duty
Stamping of documentation based on loan amount 0.5%