Malaysia Real Estate

[wildquest]

[vodka]

Hi All,

I am also getting ready to buy a condo (Freehold) at 280k, 2nd hand unit.

Can someone let me know how much extra do i need to prepare for all the fees? (Legal fees, MOT...etc)?

[cynthusc]

[vodka]

Thanks!

What if the prop already has strata title? ANy difference?

[fzAy]

How much I have to pay for loan amount of RM 114,000.00 (Completed Condo).

[vodka]

Hi cynthusc,

Thanks. Could you provide me your email add for me to correspond with you on the details of the quote?

Thanks.

[cynthusc]

[walksay]

hi to all SIFUs....

i plan to buy a serviced apartment from developer. almost 90% completed. freehold and no strata title yet. S&P price 148K. planning to take 100% gov. loan

question is:
1) is this properties protect under HDA?
2) still need to pay Deed of Assignment?
3) how long normally we can extent progressive payment for 1st disbursement for this case?
4) what thing should i taking care for this kind of purchase? fees, warranty, maintenance and etc.

thank you sifu 4 your time.

[hannie]

[cynthusc]

[hannie]

[dchai74]

[ongyinhoe]

Dear all,

I have lend a loan of RM124710 for my condo. May i know how much is the fee for loan agreement?

Thanks.

Regards,

Ong Yin Hoe

[World IR]

not sure whether to include TOTAL interest for the loan as well

..worldofintegratedresorts.blogspot.com/

[borland]

Hi, I'm new here. Hope every body could share you knowledge/expertise. Appreciate that.

I have paid the booking/earnest deposit for a second hand 2 storey terrace house.
Below are the detail;

1. Price RM 330
2. 3 years old house
3. Lease Hold
4. Status: Title received but the owner not yet change to his name
5. The S&P is ready for signature and lawyer is already asking for the remaining 8% (I pay 2% already for booking)

My questions;

1. I plan to get full loan by mark-up the price. How can I mark-up the price since S&P is alrady complete? Or do I have to check with bank first and then get S&P prepare & sign?
2. How long it takes to change the properties name from developer to me?
3. Can I do renovation before the property change to my name?
4. How much extra cost I have to pay on top of 10% d/p?
5. What will happen if existing Owner delay in chnaging the property nmae while he already received the 10 % money?
6. Please advice if I should / should not buy this house.

Thanks in advance.

Best Regards
_________________
Work smart, play hard, keep it simple

[scteng]

[scteng]

[scteng]

Hi I have the same question as Borland, can anyone advise?

[cynthusc]

[EA_pg]

Hi All,

I have just received the quotation for Loan agreement & Transfer bill from the same lawyer for the SnP. This is my first time buying house, so really need advise from those with experience, especially Noor713, cynthusc, or anyone

Property details:
Landed Double Storey with individual title at Penang - under construction property. Buying from developer. SnP only RM500 (rest bore by developer).
Purchase price: RM398,000.00
Loan amount: RM359,649.00 (including MRTA, taking loan with my wife)

SnP agreement: RM500

Quotation for Loan agreement
Fees
-> Facility Agreement: RM2967.55 (less 30%)
-> Charge: RM296.75
-> Caveat and withdrawal of caveat: RM350

Disbursement:
Stamp Duty on
-> facility agreement: RM1830
-> charge: Rm40
-> Letter of Offer: RM10
Registration Fee
-> Charge: RM 130
-> Caveat: RM 180
-> Withdrawal of caveat: RM 150
Search fee: RM100
Bankruptcy search: RM24
Statutory Declaration: RM50
Bank Forms: RM150
Printing charges: RM30
Miscellaneous: RM50
5% service charge: RM136.20

Total amount: RM5604.20


Quotation for Transfer
Fees
->Transfer: RM809

Disbursement:
Stamp duty on transfer: RM6960
Registration fee on transfer: RM500
Search fee: RM60
Adjudication fee: RM10
Travelling: RM20
Printing Charges: RM30
Miscellaneous: RM50
5% Service tax: RM40.45

Total amount: RM8479.45


So,the total amount I need to pay for S&P agreement and Loan agreement are RM14,583.65. Please kindly advise. Thanks a lot.

[freedom81]

I found a web calculator for legal fees, S&P, stamp duty and etc, well, not kinda sure how accurate it would be but wouldnt be too bad I suppose when i compare the fees rates from other sources.

..thestarpropertyloan.Mr./financialtool/EntryCostCalculator.aspx[/url]

[afshinrah1]

Hi,
Could you please tell me what is rule of rent income tax in malaysia
I'm non resident , and what to buy property in KL, My question is
if rental monthly income is 3000RM (3000x12) how much tax apply to that income.
thanks
afshin

[expired]

My fren is selling his apartment leasehold and without tittle yet, sharing lawyer with buyer's S&P lawyer , so he only paying some fees for deed of receipt and resssignment , below are the breakdown :

1. Stamping on Statutory Declaration = 10
2. Stamping on Deed of receipt and reassignment = 50
3. Filing of deed of receipt and reassignment at high court = 20
4. OA search = 12
5. Affirmation fee = 4
6. Expenses on travelling, dispatch, etc = 130
7. Expenses on photocopy, postage, communication, etc = 120
8. Fee for preparing and filing the deed of receipt and reassgnment = 400
9. Government service tax (5%) =20

TOTAL = 766.00

may i ask, they are sharing the same lawyer, but can the lawyer charge both side for photocopy ?

Can part 8. request for discount ?

wat is the deed of receipt and reassignment?
_________________
I m noob in property

[azr]

Confession: I am very new here

Questions:

1. When a bank says that they offer Zero Moving Cost, is that really zero? Will they also cover the disbursement, the S&P and whatnot?

2. When they are paying all the charges, will they actually overcharge?