Application can be sent to the land office, but in general it is difficult to succeed.

For land : it is 'Title Deed'; for building : it is 'Sales & Purchase Agreement'.

According to Malaysia Land Law 1965, non- malaysians only can purchase property if they obtain a permit from state government.

A title issued by government to a land or building development project.

A title issued by government for each owner on the un-implemented condominium or building.

According to Malaysia Land Law 1965, non- malaysians only can purchase property if they obtain a permit from state government.

A document prepared when master title is transferred to strata title.
It is executed by the buyer after handover of a presale property, and before the application of strata title, or around the handover of a completed property. (In Taiwan, buyers need to sign the MOT at MALAYSIAN FRIENDSHIP AND TRADE CENTRE, TAIPEI and pay for legal fee.)
 

A scheme that developer will pay banks (on behalf of the buyers) all the loan interests generated during construction period until the delivery of vacant possession.
 

Foreigners can purchase a property in Malaysia after they get the approval from Malaysia state government.

There is no time limit for freehold.

For leasehold, there is a time restriction, mostly 99 years of duration.   

When the leasehold expiries, government may expropriate the related land by paying the owner compensation if they need the land. Otherwise leasehold can be renewed by the heir.

When one purchases a condominium in Malaysia, the public facilities and car parking space are excluded from the agreement floor plan, but the balcony is included.  According to Taiwan 30% ratio, if purchase a 50ping condominium, Taiwan's indoor space available is only 35 ping but in Malaysia there is 50 ping available. If property purchased at the same price, Malaysia property worths more. The difference is: 500,000*50ping= 25 million; 25 million/35ping= 710,000.

Malaysia determinse the property size by using British Standards of Weights and Measures. The common use is Square meters (SQM) and square feet (SQFT). 1 ping =3.30579 square meter ; 1 square meter = 0.3025 ping.

RM0.06 per square feet. Pay annually before 28 February by construction then just collect from each household.

About RM 1,000-3,000.

Assessment Tax Rate：Based on each year estimate value

Stamping fee

Only required to pay If buyer purchase a pre-sales house after developer send out Strata Title. However, if buyer purchase a complete house with Strata Title, then payment should be make within one month.

YES, calculated based on:

 Tax allowance：RM 2400

YES. 0.5% of your loan amount.

需要，稅率為26％，每年五月繳付。

不是，可以扣除地稅、門牌稅、貸款利息、火險及地震險保費、房屋維護及裝潢費用、購置家具費用、物業代管費、計算及收取租金的費用及介紹租戶的佣金。實務上，只要有收據而數額占房租收入的10-15％皆可扣除。

依2014年的規定:

不需要。

不徵收。但台灣仍會對台灣人在台灣以外的地方所擁有的財產課徵贈與稅或遺產稅。

要徵收。金額大約為30馬幣。

5 years determined from the date you sign contract.

As long as over 21 years old, there is no other restriction for jointly owned. According to previous cases, more than three will lead more disputes. Also create more trouble when need to transfer.

From year 2006, implementation of ‘Basic Income Tax Act’. The purpose is to allow some people with higher income but pay less or even do not need to pay tax, to be paid at least the basic income tax to promote tax fairness. According to Article 12 of the Ordinance, individuals should be included in taxable for personal income from overseas since 1 January 2010.

The main reason personal oversea income should be included is before this act, consolidated income tax only taxable for oversea income source from Republic of China. This is not fair caused people moving their fund for investment in others country but the income is no taxes. This also will lead capital outflows. Personal oversea income included in Basic Income Tax Act may reduce the taxable differences for income source from Republic of China and others country. This act in line with international practice.

Tax payable for Oversea Income include:

1. Nationality for Republic of China and who lived in Taiwan（regardless how long stay） ; or
2. Not nationality for Republic of China，but stay at Taiwan for accumulate 183days in the year.

People still do not have to declare oversea income if he fulfill above condition but income less than a certain amount. People who income reach certain amount but paying less tax or even free from taxes will required to pay the Basic Income Tax, so the actual affected is limited.

1. Not required to declare if a family oversea income below NTD one million.
2. Not required to declare if a family oversea income above NTD one million, but below six million after added income source from Republic of China
3. Should be declare if a family oversea income above NTD one million, and income source from Republic of China exceed six million.
4. Not nationality for Republic of China, but stay in Taiwan for accumulate of 183 days in the year.

So that, only people with higher income should declare for oversea income, there is not affected for public.

When signing for "purchase and sale agreement", "loan agreenebt", "rental agreement" and "pre-sale agreement of sale and purchase".

Example：

Property value: RM 500,000，Attorney's fee: RM 3,950。

Property value: RM 1,000,000，Attorney's fee: RM 7,450。

Example：

Amount of loan: RM 500,000，Attorney's fee: RM 3,950。

Amount of loan: RM 1,000,000，Attorney's fee: RM 7,450。

  Example：

  Monthly rental: RM 5,000，Attorney's fee: RM 1,250

  Example：

  Monthly rental: RM 5,000，attorney's fee: RM 2,500。

Buyer can enjoy a fixed rental return if he has signed the article for guaranteed rental return. Buyer does not need to worry about vacancies or surrender of tenancy. A substantial increase in investment returns lead the buyer to a relaxed owner. In media propaganda,guaranteed rental return rate should be: purchasing price x the percentage set =annual guaranteed rental return ( in Ringgit Malaysia).

YES.

1. A photocopy from cover to the underside page of passport. (court or public notarization is needed)
2. Identity Card and Health Insurance Card
3. Two business cards (if any)
4. Mailing address, contact number (home, company, cellphone, email)
5. Occupation proof with position and salary (court or public notarization is needed). The last two- years income tax and latest six-month payrolls.
6. Financial proof (court or public notarization is needed): Photocopy of bank passbook for salary, proof of more than three million deposit balance and proof of other income (eg. rental agreement)

7. Company information (if owns a company):  proof of company registration, last two-years company’s financial report, company's certificates of deposit, photocopy of company's bank passbook.

8. Saving certificate from a Malaysia bank or financial corporation (preferably but not necessary)

9. Original copy of Sales and Purchase Agreement

Note: All documents are preferably provided in English with quadruplicate. It is more advantageous if document are thoroughly prepared.

Normally it is about 50%, unless financial information is more sufficient.

Because of the low efficiency in Southeast Asia, normally it takes about three months.

Loan amount should be repaid after the house is turned over.

When is the interest paid depends on whether it is with or without DIBS.

-with DIBS: interest is paid after the house is turned over.

-without DIBS:  after the bank allocates funds.

Joint lenders are two or more people apply for bank loans together. They also share the burden of repayment liability together. The bank can simultaneously request the joint lenders to repay the debt.

A guarantor only guarantees the lender's repayment obligation. If lender does not repay the loan, the bank should first request from lender and bring this to a court proceeding. After that, a repayment request can be made to a guarantor if there are arrears due.
 

We must ensure that all related procedures are properly handled after the loan settlement is complete. The bank must sign a release of mortgage documents. Then the solicitor will bring the related document together with original copy of Title to the Land Authority Office to release the mortgage.  

Being a lender, we should know our right but also the authority that can be performed by a bank in order to protect our own interests. Below are the rights and responsibilities of both:

1. Lender's rights:

• Obtain all information that will affect the loan decision.
• Receive professional and unbiased treatment
• Obtain an adviser for relevant changes of the loan term.
• Receive accurate account information.

2. Lender's responsibilities         

• Read and understand all the terms of loan
• Comply with loan terms
• Fulfill requirements of loan and understand the content
• Repay on time

3. Bank's rights

• Get information regarding lenders' credit condition
• Collect proper and realistic information regarding the lender
• Take legal action when a lender breaches the ontract
• Receive the loan repayment and interest on time

4. Bank's responsibilities

• Fulfill duties for lenders
• Give advice or negotiate with customer when there are changes on loan
• Take care and handle requirement and inquiry from the lender

Basically another developer will take over.  If no other developer takes over, solicitor that handles the Sales and Purchase Agreement will inform buyers, collect and integrate the opinions from all buyers, and receive appointment to file to the court. Court will then issue an order to professional team to take over .

YES. You should pay an administrative fee according to the regulation.

The City Hall (DBKL) & Land office where the property is located.

It is not contravening the agreement of sale and purchase. Some developers do not install water and electrity facilities before the handover in order to prevent them from being stolen. Normally, developer will make an appointment with the owner to make such installations after the house key is handed over.

With an approval letter from the architect (saying the construction has completed), availability of electricity and water supplies and submission of Borang E [must come with an approval letter from seven departments (as supporting letter)].

First, you should put on report, then take an oath at Land Office and wait for a new replacement there. 

YES. Developer will request 0.5% of original price or RM500, whichever is lower.

Basically not. Malaysia has restricted that 30% of non-commercial district land must be retained to Malays. If there is no buyer for a certain period, they should make an announcement through newspaper that Malays should come to buy the land. Only when there is still no one to buy it, it will be made available to non-Malays.

First, send a lawyer's letter to notify the tenant to settle the rentals within a reasonable period.

After that, request a property management company to cut off water, electricity, and gas supply.

Report the police if the tenant still refuses to pay.

Inform the developer in writing that, the developer should repair the defect within 30 days from the date receiveing the letter. Otherwise, the buyer can find a contractor to assess the repair and send the quotation to developer. If still no action is taken, the buyer should repair the defect and send bill to developer.

 

After DIBS (Developer Interest Bearing Scheme) is prohibited by government, developer launches a similar promotion. The difference is after the purchasing procedure is completed and during the construction period, developer will refund part of the payment to the buyers as housing loan interest.

 

Management fee refers to 'people' while sinking fund refers to 'things'.

Sinking fee: is a fee used to maintain property and paid monthly. Its amount is 10% of the management fee.