Unveiling the Hidden Costs in Malaysian Property Transactions

Buying a home is one of the biggest investments you'll ever make, but many buyers focus only on the purchase price. The hidden costs of property transactions in Malaysia can catch you off guard.

Stamp Duty: Stamp duty can be a significant amount depending on the property value. It’s calculated on a tiered basis and must be paid before the transfer can be completed.

Legal Fees: These are based on a scale fee prescribed under the Solicitors' Remuneration Order. They include costs for drafting the Sale and Purchase Agreement (SPA), loan agreement, and title transfer.

Valuation Fees: If you’re applying for a loan, your bank will require a property valuation, and this cost is borne by the buyer.

Disbursements: These include fees for land office searches, registration, and other administrative costs.

Understanding these costs and planning ahead can help you avoid financial strain. Working with a trusted conveyancing lawyer ensures transparency and a smoother transaction.

Disclaimer: This article is for general informational purposes only and does not constitute legal, financial, or real estate advice. While we strive for accuracy, laws and regulations may change, and information may not be applicable to your specific situation. Always consult a qualified professional before making any legal or financial decisions.