When you agree to make a purchase

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When buying for investment what is more important is the demand for the house. There is little value in buying a freehold property that nobody wants to rent or buy. [Back to top] Chapter 4 The Costs of Buying a Property in Malaysia You need to prepare cash amounting to 13% – 15% of the purchase price for the costs below. 1) Deposit Deposit is 10% of the purchase price.


You need to pay 3.18% booking fee to a real estate agency or lawyer denmark whatsapp fan as the trustee. You will then apply for a housing loan. The application will take around 10 working days. If a bank approves your application, you will then sign the sales and purchase agreement and pay balance deposit of 6.82%. 2) Legal fee and stamp duty Prepare cash around 3% – 5% of purchase price to cover for the legal fees and stamp duty.


Legal fees include professional fee and disbursement payable to the lawyer while stamp duty fees to Lembaga Hasil Dalam Negeri. When do you need to pay for these costs? the costs of buying a house in malaysia When you engage a lawyer service, they will ask you to pay a deposit as collateral. In my experience around RM300 – RM500. After you signed the sales and purchase agreement / loan agreement, they will bill you the full amount.