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Guide for Foreign Property Investor in Malaysia
Your appointed lawyer will then send
the stamped SPA together with the
other required documents of the
property to the Land O ce to apply for
consent of transfer ownership. The land
o ce’s consent average within 1 1/2 to 2
months depending on the property’s
pro le.
After the Land O ce’s approval has
been obtained, you will be given 90 days
to pay up your di erential sum of 90%
together with the stamp duty.
The whole legal proceeding will take an
average of 3-6 months to complete for
foreigners.
If your purchase is with bank facilities,
you are required to pay your di erential
sum before the bank release the loan
amount. Both payments of your cash
and bank loan made of total 90% have
to be completed within 90 days after
land o ce’s consent is obtained.
Other standard clauses in the Purchase
Agreement will also include all payments
paid by the buyer will be refunded if
land o ce consent is not obtained.
Approval is solely at the discretion of the
State Government (Land O ce).
Cost of Purchasing Property
Sale and Purchase Agreement Fees
The Sales and Purchase Agreement
(SPA) is the most important document
that buyers will have. These are proof
that the buyers have purchased a
property, whereby the contract will
contain all the facts and blueprint of the
property. The charges for these follow a
price tier.
The First MYR 500, 000 – 1.0% of the
transacted property price.
Next MYR 500,000 – 0.80%
Next MYR 2,000,000 – 0.70%
Next MYR 2,000,000 – 0.60%
Next MYR 2,500,000 – 0.50%
Stamp Duty on Memorandum of
Transfer (MOT)
The MOT is only paid when the
development is completed. These are
the fees that the purchaser has to pay
for transferring the property from the
developer’s name into the owner’s
name. The charges for these fees also
follow a table:
The First MYR 100,000 – 1% of the
transacted property price.
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