Stamp duty, legal fees and lawyer fee, MOT, valuation fee and others Cost when buying a house in Malaysia, App included

Sale & Purchase Agreement (SPA), Loan agreement, Transfer of ownership aka memorandum of transfer (MOT) and Valuation Fee Property agent fees (if you made your purchase with the help of any or direct owner), Furnishings, renovation and upkeep, all these terms are related when you are buying a property.

How much exactly that is depends on the price of the property you have purchased. Normal rule of thumb, 20% of the purchase price must be in hand even you are getting from KWSP and FAMA financing.

The following are the items you need to find out the cost of and are dependent on your property price:

  1. Sale & Purchase Agreement (SPA): This consists of legal fees, stamp duty and legal disbursement fees.
  2. Loan agreement: This also consists of legal fees, stamp duty and legal disbursement fees.
  3. Transfer of ownership aka memorandum of transfer (MOT): This comprises the fee and stamp duty fees.
  4. Valuation Fee
  5. Property agent fees (if you made your purchase with the help of any or direct owner)
  6. Furnishings, renovation and upkeep

Regardless of the condition of the property you intend to purchase, you need to consider both the immediate costs for personalising it to your liking and its maintenance. It does cost some extra or even a boom if you let your partner to choose the furnishing..(just kidding)

If you are buying a subsale property with furniture included, make sure you are agreeable to everything. Otherwise, it can cost you a pretty penny to hire someone to cart away the unwanted items.


Bear in mind that these need to be paid upfront so you absolutely need to have the total sum ready at hand when you make your decision to purchase a home. Rule of Thumb is 20%

Below are the quick and comprehension calculator you may use to do the calculation.

The full fledged app’s functions include Extra Payment Per Month, one off extra payment, interest saved, payoff earlier than and loan simulator are included.

Below are the full version of the calculator

  1. Android : PropertyX Malaysia Home Loan
  2. Apple : PropertyX Malaysia Home Loan

 

 

 

 

 

 

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