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COSTS TO PURCHASE PROPERTY

i. Stamp duty

a. Stamp duty for Memorandum of Transfer (MOT) - calculated based on the purchase price or market value whichever higher:-
First RM100,000 - 1%
RM100,001 To RM500,000 - 2%
RM500,001 To RM1,000,000 - 3%
Above RM1mil – 4%

b. Stamp duty for loan agreement - based on a flat rate of 0.5% of the total loan amount.

ii. Legal fees
a. Legal fees for SPA
For The First RM500,000.00 – 1.0% (Subject to a minimum fee of RM500.00)
For The Next RM500,000.00 – 0.80%
For The Next RM2,000,000.00 – 0.70%
For The Next RM2,000,000.00 – 0.60%
For The Next RM2,500,000.00 – 0.50
*Exclude disbursement fees such as land search, registration on transfer, registration of charge, etc.

b. Legal fees for loan agreement - same as Legal fees for SPA.

iii. Valuation fees

(for purchase with loan & calculated as a percentage of the purchase price)
For the first RM100,000 =0.25%
Next residue up to RM2 million = 0.2%

Disclaimer:-

No warranty or representation, express or implied is made as to the accuracy of the information contained/attached herein. Neither the firm nor any of its staff is responsible or liable for any claims, losses, damages, cost or expenses arising in any way out of or in connection with any person relying upon the above information. Viewing are advised to verify all facts with the relevant parties and authority concerned.

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