Guides
How To Buy A Property In Malaysia?
Step 1: Check Your Loan Eligibility with A Bank or Mortgage Banker.
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Step 2: Work with A Registered Estate Agent. Search For the Right House.
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Step 3: Sign the Booking Form and Pay a Booking Fee (Normally 2% To 3% Of the Purchase Price) To the Real Estate Agency / Law Firm Involved.
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Step 4: Appoint A Law Firm to Handle the Preparation of The Sales & Purchase Agreements and Loan Agreement (If Applicable) For Subsale Transaction. For New Property Launches, The Developer Panel Lawyer Will Do It
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Step 5: Apply for A Housing Loan with The Banks and Wait for Approval.
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Step 6: Sign the Bank Offer Letter Once the Loan Application Has Been Approved.
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Step 7: Lawyers to Prepare the Sales and Purchase Agreements and Loan Agreements.
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Step 8: Sign the Agreements.
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Step 9: Pay the Balance Deposit / Down Payment and Other Charges. Please Budget About 5% Of the Purchase Price for Legal Matters Such as Legal Fees, Disbursement and Stamp Duties. For New Launches, Some Developer Will Absorb It but Depending on The Sales Packages at That Time.
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Step 10: The Lawyers Shall Do the Necessary to Register the Transfer of The Land Title.
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Step 11: Full Disbursement of Loan from The Bank to The Seller/Developer.
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Step 12: Take Possession of The Property.
How To Rent A Property in Malaysia?
Step 1: Determine The Rental Budget Including The Deposits To Be Paid And The Tenancy Charges.
Standard Deposits:-
1 Month Advance Rental
2 Months Security Deposits
0.5 Months Utility Deposits
Tenancy Charges (Depends On Monthly Rental Amount And Duration) :-
Admin Charge
Stamp Duties
Step 2: Work With A Registered Estate Agent. Search For The Right House.
Step 3: Sign The Booking Form And Pay The Earnest Deposit To Secure The Unit. Pay The Tenancy Charges For Tenancy Preparation.
Step 4: Upon Signing The Tenancy Agreement, The Tenant Is To Pay The Balance Deposits.
Step 5: Keys Handover.
Documents Required For A Mortgage / Housing Loan?
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If you are earning Basic Salary only:-
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NRIC Photocopy
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Latest 3 months payslip
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Latest 3-month bank statement
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Current and previous year EPF statement
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EA form for the last 2 years
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If you are earning Basic Salary and Commission:-
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NRIC Photocopy
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Last 6 months payslip
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Last 6 months bank statement
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Current and previous year EPF statement
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EA form for the last 2 years
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If you are a business owner with a SSM company:-
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NRIC Photocopy
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Company bank statement for the last 6 months
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SSM registration
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Your income tax return and tax receipt for the last 2 years
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If you are a business owner with a SDN BHD Company:-
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NRIC photocopy
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Your director payslip for the last 6 months
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Your bank statement for the last 6 months
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Your EPF statement
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Borang 9, 24 and 49
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Your personal income tax and tax receipt for the last 2 years
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Real Property Gains Tax (RPGT) In Malaysia
Disposal Year | Malaysians and Permanent Residents | Companies | Foreigners |
|---|---|---|---|
Within 3 years | 30% | 30% | 30% |
In the 4th Year | 20% | 20% | 30% |
In the 5th Year | 15% | 15% | 30% |
In the 6th and subsequent years | 5% | 10% | 10% |