other possible costs associated with buying property

Following are the cost that may be involved to own a property in Malaysia

• Legal fees on Sale & Purchase Agreement
• Stamp duty on Sale & Purchase Agreement
• Legal fees on loan documentation
• Stamp duty on loan documentation
• Memorandum of Transfer (MOT) fees for transfer of title
• Quit rent (annually)
• Assessment (half yearly)

Stamp Duty Calculation

For every RM100.00 or fractional part of RM100.00 of the amount of the purchase price or the adjudicated market value of the property by the tax department, whichever is the greater –

• RM1.00 on the first RM100,000.00;
• RM2.00 on any amount in excess of RM100,000.00 but not exceeding RM500,000.00;
• RM3.00 on any amount in excess of RM500, 000.00.

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office LOCATION

ADDRESS:

Level 9 Jakel Mall,
Lot 159 Jakel Square,
Jalan Munshi Abdullah,
50100 Kuala Lumpur, Malaysia

Phone:

+603 2615 0888

FAX:

+603 2615 0889

jakel development team

  • +6017 271 0341 (Aizzat)
  • enquiry@jakeldevelopment.com.my

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