Other Costs to Consider

SOME OTHER POSSIBLE COSTS WHEN PURCHASING A PROPERTY IN MALAYSIA:

  • Legal fees on Sale & Purchase Agreement (one-time payment);
  • Disbursement fees 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); and
  • 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 SCALES 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 0.7%
For the first RM2,500,000 0.7%
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)

LEGAL FEES ON SALE & PURCHASE AGREEMENT/LOAN AGREEMENT

Source: Based on Solicitor Remuneration Order 2005

MEMORANDUM OF TRANSFER (MOT)

CONSIDERATION OR ADJUDICATED VALUE SCALES OF FEES
For the first RM150,000 1.0%
For the first RM850,000 2.0%
For the first RM2,000,000 3.0%