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HOME BUYERS
GUIDE
Transaction
Cost
There are also related costs
such as professional fees and government charges that you
would have to pay. Below are some of the common fees and
charges you would expect to incur:
Professional Legal Fees for Execution of Sale
& Purchase Agreement
Loan Agreement 1.0% for the first RM150,000
0.7% for the next RM 850,000
0.6% for the next RM2,000,000
0.5% for the next RM2,000,000
0.4% for the next RM2,500,000
In excess of RM2,500,000 - negotiable
Stamp Duties
Loan Agreement 0.5% of the total loan amount
Transfer of Title (for completed properties only or
properties where individual Title has been issued)
1% for the first RM100,000
2% for the next RM400,000
3% for Above RM500,000
It is payable upon the issuance of the strata title and
adjudication of the instrument of transfer (Form 14A under
the National Land Code). Typically this is issued 3 or more
years from completion of development
Disbursement Fees
Disbursement fees Include fees for registration of
charge, land search and bankruptcy search. These fees vary
by state, land office and type of property. For instance, in
Selangor and Wilayah Persekutuan, the fees could range from
RM300 to RM700
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(a)
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Disbursement for attending to and perfecting the
Sale and Purchase Agreement and Deed of Mutual
Covenants - approximately RM500
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(b)
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State Authority Application (applicable to
foreigner only) (Foreign Investment Committee is no
longer necessary for the purchase of residential
property above RM250,000) approximately RM800
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