Malaysia » The Purchase Process

Purchasing properties in Malaysia is an easy process and an exciting adventure. We on this official website of IPBRE give you useful tips and guidelines on various issues regarding how to buy a home in Malaysia in simple and easy to follow ways.   
 
Some restrictions are there for the foreign property purchasers. But whole property purchasing process is not complex as many other countries of the world. People of Malaysia use English language in all type of businesses going on within the property market. Therefore the foreigners do not feel any difficulty while communicating with businessmen here. Therefore Malaysia property buying process is easy in this wonderful country.  

Some rules involved in the Malaysia real estate purchase process are as follows. Malaysian property laws allow foreigners to buy property of minimum value of MYR 250.000 or 67.977 US dollars.  Foreigners are bound to purchase equal to two residential properties. Other details about Malaysia apartments buying process include the following limitations.

• Terrace or united residential properties
• Two storied houses
• 10% limit of the total number of units built of these two storied houses
• Lands
• Bungalows
• Semi-detached houses
• 10% limit of total number of units built of these lands, Bungalows or semi-detached houses 

Usually a real estate lawyer is hired. Involvement of a real estate lawyer makes Malaysia home purchasing process extremely simple.  Real estate property lower recruitment makes the whole property purchase process incredibly easy for the new comers in Malaysia. On the selection of the property an acceptance letter is signed. 

 

Purchaser of the property gives a deposit of 3 percent of the total value of the real estate property. Within the total duration of the 14 days, an agreement letter is signed between the parties involved in this process. Property purchaser is bound to pay full dues of the within the maximum duration of three months. 

 

This agreement is stamped at the stamp office. This transfer of the real estate property is registered in Malaysian land office registers.