Search

Freehold

  • Freehold property belongs to the owner in perpetuity. Transfer of interest in the property can proceed without any restrictions or approvals from the state authority.

Leasehold

  • Land leased by the government for a specific term, most commonly in the duration up to 99 years. Transfer of interest of property to another party may require state authority approval.

Individual

  • Issued for properties built on individual plots of land that is sub-divided horizontally.

Strata

  • A form of ownership commonly apply to residential and commercial multi-storey buildings, as well as landed properties within a gated community. Strata title properties comprise individual lots owned by individual owners and common properties.

Register Your Interest

You may register your interest with us via following channels

Choose your desired property

Upon registration, you will receive exclusive invitation to our sales launch via SMS or email for preview and units selection

Make Your Booking

Upon selection of unit, you are required to deposit the initial downpayment With us to secure your booking.

Decide Payment Option

Choose your desired payment option either via full payment in cash or loan financing.

Execution of Sale and Purchase Agreement

You are required to execute the Sale & Purchase Agreement (SPA) and balance payment within 14 days from the date of confirmation of booking at our sales office or at our appointed solicitor's office.

Application for Loan and Employee Provident Fund (EPF) Withdrawal

Should you opt for loan financing, you are advised to apply for a housing loan immediately upon confirmation of booking. EPF members who would like to make withdrawal from EPF account to fund the purchase will need to obtain the EPF Withdrawal Form from the EPF office or download the form from the website at www.kwsp.gov.my. EPF withdrawal is only permissible for residential properties.

You may opt for loan application with our appointed panel bankers or choose any bank/finance institution of your choice.You are required to provide the following documents for the loan application.

Documents required for loan processing

Employed applicants

  • Booking proforma of the property purchased
  • Title deed of the property purchased
  • Photocopy of identity card (for Malaysians) or passport (for non-Malaysians)
  • Latest 3 months payslips
  • Latest 3 months bank account statements indicating salary credited
  • Latest tax assessment form
  • Latest EPF statement
  • Other documents as may be required by bank/finance institution

Self-employed applicants

  • Booking proforma of the property purchased
  • Title deed of the property purchased
  • Photocopy of identity card (for Malaysians) or passport (for non-Malaysians)
  • Company Registration Forms i.e Form 24 and Form 49 or other relevant forms
  • Latest financial statements
  • Latest 3 months bank statements
  • Latest tax assessment form
  • Other documents as may be required by bank/finance institution

Criteria for Loan Application & Approval
In order to qualify for loan financing, you are to fulfill the following criteria:

  • Has stable income
  • Age not exceeding 55 years old
  • Monthly instalment of the property purchased including current commitments e.g car loan, personal loan and others should not exceed one-third of the monthly income

Sequence of Loan Processing

  • Buyer
    Submission of loan application form with required documents.
  • Bank
    Loan evaluation by bank/finance institution
  • Buyer
    Signing of LO as acceptance of the offer. One copy of the signed LO will be kept by the bank and another copy will be forwarded to the developer.
  • Bank
    Bank/Finance institution to instruct appointed solicitor for loan documentation arrangement:
    • Deed of Assignment and Loan Arrangement (for Strata Units); or
      Memorandum of Transfer Form 14A and Charge Form (Landed units with individual titles)
  • Bank
    Issuance of notification letter on execution of loan documents at solicitor's office.
  • Buyer
    Execution of loan documents at solicitor's office
  • Solicitor
    Executed loan documents returned to solicitor for stamping and registration. Stamped loan documents forwarded to bank/finance institution for safe keeping. A copy each is given to purchaser and developer.
  • Bank
    Bank/finance institution to release payments to developer progressively in accordance to the Third Schedule of the Sale and Purchase Agreement upon receipt of developer's billing

EPF withdrawal is permissible to only residential properties purchase and only for one residential property per member.

Requirement

  • You must be a member of EPF

Entitlement

  • You are entitled to withdraw not more than 30% of your overall EPF account or 100% of balance available in your EPF account II.

Procedure

You are required to submit the following documents to EPF for withdrawal application:

  • EPF withdrawal form
  • Original copy of Sale and Purchase Agreement
  • Photocopy of identity card
  • A copy of the letter of loan approval from end-financier

Mode of Payment

  • The payment will be released directly to the member within one month from date of application submission. For more information, please refer to EPF website at www.kwsp.gov.my.

Other Possible Costs to Own a Property in Malaysia:

  • Legal fees on Sale & Purchase Agreement (one time payment)
  • Disbursement fees on Sale & Purchase Agreement (one time payment)
  • Stamp duty on Sale & Purchase Agreement (one time payment)
  • Legal fees on loan documentation (one time payment)
  • Disbursement fees on Sale & Purchase Agreement (one time payment)
  • Stamp duty on loan documentation (one time payment)
  • Memorandum of Transfer (MOT) fees for transfer of title (one time payment)
  • Quit rent (yearly payment)
  • Local council fee (Half yearly payment

Legal Fees on Sale & Purchase Agreement/Loan Agreement

Source: Based on Solicitor Remuneration Order 2005

Consideration or Adjudicated Value Scale of Fees
For the first RM150,000 1.0% (subject to a minimum fee of RM30)
For the first RM850,000 0.7%
For the first RM2,000,000 0.6%
For the first RM2,000,000 0.5%
For the first RM2,500,000 0.4%
Where the consideration or adjudicated value is in excess of RM7,500,000 Negotiable on the excess (but shall not exceed 0.4% of such excess)

Stamp Duty on Loan Documentation

0.5% of loan value

Memorandum of Transfer (MOT)

Consideration or Adjudicated Value Scale of Fees
For the first RM150,000 1%
For the first RM850,000 2%
For the first RM2,000,000 3%

With effect from 1st January 2014, the disposal of properties in Malaysia is subjected to following rate of RPGT:

*The holding period of 3,4, 5 and 6 years refer to the period between the date of the acquisition of the property and the date of disposal of such property.

*Individual of non-citizen includes all expatriates working in Malaysia & MM2H visa holders.

Exemptions:

  • (a) RPGT exemption on gains from the disposal of one residential property once in a lifetime to individuals;
  • (b) RPGT exemption of up to RM10, 000 or 10% of the net gains, (whichever is higher) from the disposal of real property by individuals;
  • (c) RPGT exemption on gains arising from the disposal of real property between family members (e.g. husband and wife, parents and children, and grandparents and grandchildren).

Reasons to invest in Malaysia:

  • Direct foreign legal ownership of real estate is permitted
  • No capital controls. Non-residents are free to purchase any kind of property priced above RM1,000,000 except otherwise stated by local authority
  • No inheritance tax. Property will be distributed according to the owners’ will
  • End financing from bank institutions available for foreign buyers
  • Repatriation income is allowed
  • Matured infrastructure and amenities
  • Multilanguage advantage. Hence, no language barrier.
  • Young and growing population
  • Free from natural disaster zones
  • Stable climate all year round

Leasehold

  • Land leased by the government for a specific term, most commonly in the duration up to 99 years. Transfer of interest of property to another party may require state authority approval.

Purchasing procedure

  • There is no limitation to non-residents in buying property in Malaysia. Please refer to How to Make a Purchase

Loan Financing

  • There is no limitation to non-Malaysians in obtaining loan financing in Malaysia. The margin of loan financing may vary on case to case basis. Please refer to Loan Application Procedure.

Faq

  • 1) Is the house buyer’s interest protected under Malaysia law?

    Yes. The Housing Development (Control and Licensing) Act 1966 not only regulates the business of housing developers but also protects the interests of house buyers.

  • 2) How can I get a loan in Malaysia?

    You may obtain loan financing from Malaysia bank/finance institutions. Your margin of loan financing may depends on the bank/finance institution’s internal and credit assessment guidelines and your property will be charged/assigned to the financial institution.

  • 3) What are the possible costs to buy a property in Malaysia?

    You may refer to Other Possible Costs Associated with Buying Property

  • 4) In the event of my death, who will inherit my property?

    Your property will be distributed according to your will or Distribution Act 1958 if you do not have a will. A Muslim's estate will be distributed according to Syariah Law. No inheritance tax is levied in Malaysia.

  • 5) Are there any restrictions on selling property?

    None unless the state approval contains such conditions

  • 6) Do I have to pay tax on the sale of my property?

    Yes. Pls refer to Real Property Gain Tax (RPGT)

  • 7) Can I transfer my earnings from this property out of Malaysia?

    The Malaysian Central Bank does not impose any restriction on the repatriation of profits, rental and proceeds from divestment of investment in Malaysia by non-resident.