Buying and Selling Guides

The Purchase Process for First-Time Home Buyers

Purchasing your own property is generally an exciting time. However, it could prove to be a daunting affair as there are likely to be many questions in your mind. Here, we try to help you out with a simplified but important step-by-step guide towards your property purchase.
Legal Fees
Additional information on fees that you should take note of are as follows:
Property value Rate
First RM150,000
Next RM850,000
Next RM2 million
Next RM2 million
Next RM2.5 million
Over RM7.5 million
Rate
1%
0.7%
0.6%
0.5%
0.4%
Negotiable, but not exceeding 0.4%

On top of that, there is a 5% government tax and approximately RM500 to RM1,000 disbursement cost. The disbursement cost covers the following:

• Stamping of Sales's Purchase Agreement (RM10 per copy x 4)
• Bankruptcy / Winding up search
• Company search (if applicable)
• Land search (before preparation of the SPA & prior to the filing of the Form 14A at the Land Office)
• Registration of Transfer at Land Office
• Affirmation on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on
• the assignment.
• Stamping on the Statutory Declaration to request for the 50% waiver on the stamp duty on the transfer/ on the assignment

Transportation
• Printing / facsimile / telephone / photocopy charges
• Miscellaneous charges

Real Estate Agent's Fee
Property value Rate
RM500,000 and below
Over RM500,000
Rate
2%
3%
• Global Property Guide

• National House Buyers Organisation
• Valuation and Property Services Department

• Your guide to buying your first home - CIMB Bank
* All data and information is correct at time of upload. These articles are for information and basic educational purposes only.
Consumer experiences may differ depending on location or other factors.
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