Malaysia Real Estate

[Jeffrey Kun]

Hello all,

Need some good advice on how to transfer a property without having to cost a bomb from the stamp duty......

Senario:
10 years ago, I bought a double storey terrace (99yr lease hold) with my dad in Shah Alam. Currently I stay and work in Singapore and soon will become a Singapore citizen. I want to transfer my name out of this property.

1. Can I withdraw my name out of this property since it is fully paid?
2. If not, can I substitude my name with my mom or other siblings?
3. Can ex-Malaysian still hold on to this propety?

Please advise.

[salmiah_salim]

Hi,

Of course you can hold the property even if you are not a malaysian anymore. The choice is on you whether to:-
1. Sell off the Property; or
2. To transfer it to your mom or your other siblings.
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