Process involved of buying house in Malaysia:
1. Hire a lawyer specialise in property industry to help you within the deal. After that, need to pay 3% deposit
2. Within 14 days, you need to sign for the buying house agreement. Buyer has to pay another 7% deposit.
3. Pay the instalment according to the agreement.
Tax:
Buyers have to pay around 1.40% to 4.00%:
1. Stampduty 1% - 3%
2. Lawyer fee 0.4% - 1%
3. Others around RM200
Stampduty Rate:
1. Property first RM100k , 1%
2. Property with RM100,001 - RM 499,999, 2%
3. Property above RM500k, 3%
Lawyer Fees 0.4% - 1%:
1. Property first RM150k, 1%
2. Property with RM150,001 - RM 850,000, 0.7%
3. Property above RM500k, 0.6%
* just for reference, you can add details below too ! :D
There is chinese version too, please add on in the comment if some details missing , Thanks!
