Legal fees and Stamp Duty

Legal Fees

Sale And Purchase Agreement

Scale Percentage

1)First RM150,000.00 1%

2)Next RM850,000.00 0.7%

3)Next RM2,000,000.00 0.6%

4)Next RM2,000,000.00 0.5%

5)Next RM2,000,000.00 0.4%

6)Excess of RM7,500,000.00 Negotiable on the excess but shall not excess 0.4% of such excess

Loan Agreement

Scale Percentage

1)First RM150,000.00 1%

2)Next RM850,000.00 0.7%

3)Next RM2,000,000.00 0.6%

4)Next RM2,000,000.00 0.5%

5)Next RM2,000,000.00 0.4%

6)Excess of RM7,500,000.00 Negotiable on the excess but shall not excess 0.4% of such excess

Sales and Purchase Agreement Stamp Duty Rates:

First RM 100,000.00 = 1%

Next RM 100,000.01 – RM 500,000.00 = 2%

Next RM 500,000.01 – RM 2,000,000.00 = 3%

Above RM 2,000,000.00 = 4%

Loan Agreement Stamp Duty Rates:

Any Amount = 0.5%

Standard Procedure of Purchasing or Renting A Property

Standard Procedure

Standard Procedure of Purchasing or Renting A Property

Purchasing a Property In Malaysia

Pay 4% of purchase price as earnest deposit (Sign letter or offer).

Pay 6% or purchase price 14 days later (Sign Sale & Purchase Agreement).

Pay 90% of purchase price 3+1 month later.

Professional Fee:

Schedule 7(C)(1) uner Rule 48 (a) of the VALUERS, APPRAISERS AND ESTATE AGENT RULES 1986, provide: The scale of Fees to be charged by registered agents for their professional services for the Sale & Purchase of Land and Buildings shall be:

a) Land and Buildings – Fee of 3%

b) Fees for other services such as joint venture, sale of company, property swaps, etc. – Fee of 3%

c) Chattels including Plant and Machinery – 10% of the proceeds

plus 6% Government Service Tax, payable by the Landlord.

Residential Renting a Property In Malaysia

Pay 1 month Rent as earnest deposit (Sign letter of offer)

Pay in 7 days

2 months rental as security deposit.

1/2 month as utility deposit.

Stamp Duty and disbursement (Sign Tenancy Agreement)

Commercial Renting a Property In Malaysia

Pay 1 month Rent as earnest deposit (Sign letter of offer)

Pay in 7 days

2 months rental as security deposit.

1 month as utility deposit.

Stamp Duty and disbursement (Sign Tenancy Agreement)

Professional Fee:

Professional fee is equivalent to 1 month’s rental plus 6% Government Service Tax, payable by the Landlord.

Midfields Condo Sungai Besi Kuala Lumpur

Midfields in Sungai Besi is a newly launched project by the well established developer, YTL Land & Development under YTL group of companies. The project which is being built on leasehold land, Build up area from 1,042 sf to 2,116 square feet,

All units have air-conditioning installed in the master bedroom and in the living room.

There is also an option of a dry and wet kitchen in the yard.

24 hour security with CCTV to ensure the safety of residents. Other facilities include a gymnasium, park area, swimming pool, badminton courts and squash courts. Football lovers will also love the fact that there are fustal courts available.

Midfields is accessible from 4 major highways – the Federal Highway, Metrama East-West, Besraya, and KL-Putrajaya. It is also located close to trains for the urban warrior who prefers to avoid traffic jams. The nearby train stations are Salak Selatan and Bandar Tasik Selatan stations.

Winner Court B Desa Petaling

Winner Court B Apartments, located at Desa Petaling, access from Besraya Sungai Besi Highway or from KL Seremban Highway. Surround by other flat, apartments ( Winner Heights, Amadesa Resort, Sri Lata ), shop office, petrol kiosk, Giant Supermarket. Neighbour with Kampung Salak Selatan, Kampung Malaysia Tambahan, Taman Sungai Besi, Taman Salak Selatan, Kuchai Lama. Easy access to various expressway like NPE ( Sunway Subang), Connaught highway ( Mid Valley Petaling Jaya), Maju Expressway ( Putrajaya), Besraya Highway ( The Mines Seri Kembangan ), SMART Tunnel ( Bukit Bintang KLCC ).

This particular unit located on the top floor of Block 16, 3 bedrooms, 2 bathroom, basic kitchen cabinet, view of Swimming pool club house, Bus Terminal Tasik Selatan and Kg Malaysia. About 910 square feet, leasehold, one car park near the guard house. Winner Court B is just beside a national school and shops. Got bus stop in front of Winner Court B.

Pay Your Utilities Bill Online

Tenants (or even owners) always have problem of paying their utilities bill , recommend "PAY ONLINE" www.payonline.com.my :
Hassle Free - No queue, no traffic jam, just click
Convenience - Pay your bills 24/7
Control - You decide which bill to pay using which credit card
Privacy - Pay from the comfort of your home or anywhere with an internet connection

http://www.payonline.com.my/

The Zest at Bukit Kinrara 9 off Bukit Jalil Highway

The Zest Point and The Zest Residences at Bukit Kinrara 9 beside the Bukit Jalil Highway.

3 Storey 24 x 79 with 2 storey retail outlets & 1 storey office.
4 Storey with Lift 24 x 79 with 2 storey retail outlets & 2 storey office.

Total 720 units Serviced Apartments.
This freehold development is located at Bandar Kinrara 9, along the Bukit Jalil Expressway. Apart from that, The Zest is also easily accessible via KESAS Highway, LDP Highway, KL – Seremban Highway as well as the Sungai Besi Highway. The Zest’s strategic location is approximately 20 minutes from the Kuala Lumpur City Centre, 10 minutes from Sri Petaling and 5 minutes from Bandar Sunway.

Puchong Utama Double Storey House at PU 1

Puchong Utama at PU 1 Double Storey Terrace House.

Land size : 18 x 60

4 bedrooms 3 bathroom.

Very near to Han Ming Chinese Primary School at Puchong Batu 14.

Close to Puchong Hartamas and Bandar Puteri Puchong.

Balakong Jaya Semi-D Factory

Balakong Jaya New 3 Storey Semi D Factory. Start booking now.