What are the costs involved in buying a property apart from the purchase price?

The other miscellaneous costs are:

  • Legal fees: 1% for the first RM100,000, 0.5% for the next RM4,900,000
  • Property stamp duty: 1% for the first RM100,000, 2% for the next RM400,000 or part thereof and 3% for any amount in excess of RM500,000 
  • Loan agreement stamp duty: 0.5% of loan amount transfer
  • Disbursement fees including fees for the registration of charge, land search and bankruptcy search (RM300–700 in Wilayah Persekutuan and Selangor)
  • Processing fee: one-time fee charged by the financial institution for loan processing (RM50-1,000)

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Tel: +603 2711 1138 Fax: +603 2712 1138 Email: info@sherwood.com.my