The purchase of Malaysian real estate can be handled as a fair transaction under Malaysian real estate law, even for foreigners.
At the time of purchase and sale, all procedures such as monetary acceptance and name change are carried out by lawyers,
The legal fees of the lawyers are determined by law.
Although it is a very clear Malaysian property on the procedure side, I would like to carefully choose the property for various reasons.
In this article, we will introduce the flow from the selection of real estate to the move-in.
If you are thinking about buying real estate in Malaysia, you are going to select a property, and you are looking forward to it.
Select Property
We will introduce recommended properties according to the conditions.
If you already have a candidate, please let us know the condominium name.
Normally, the following conditions are:
✅ Your budget
✅ Number of rooms
✅ Desired area
✅ Purpose of purchase (investment, self-resident, etc.)
✅ Property Type: Used, Pre-build
Room selection and decision
If you decide the desired condominium, it will be a choice of room.
KL Real Estate sells most of pre-built projects directly from developers.
This advantage is very large, and it is the following three points.
✅ All the discounts provided by Developers apply
✅ You can choose from all minor properties at that time, not limited properties
✅ No sales price
However, pre-build projects have high risk.
We recommend that you collect information that is not visible from your local real estate company, as you may be unable to complete your project after purchase.
Initially, the property of Montquila was the most important, but we decided to buy a central property that is more suitable for KLCC than Montquila.
KL Real Estate is a local company with knowledge. Negative explanation. You can continue to support after purchasing. I felt that it was a reliable company through everything.
Preparation of contract documents, payment of deposit
Sign the Letter of Offer and pay the deposit.
There are different handicaps, but they are usually around 3-10%.
Please note that there is no refund for your hand.
In addition, if you are thinking of financing, you need to check whether the financing will be refunded or not if the loan has failed.
Signing contract documents and applying for loan
Malaysian Embassy in Tokyo
When signing, you will pay the amount of the deposit from 10% of the property price.
Please refer to the video for signing and embassy procedures for documents residing in Japan.
Authorization, marking procedure
Lawyers will process documents and obtain approvals.
It takes about a few weeks to three months until the government’s permissions and land office permissions are down.
Payment
In the case of pre-built property, it will be a step-by-step payment according to the progress of the construction provided by the development company.
Property delivery
7-1 Payment of security deposit for liquidation of expenses, opening of optical heat
•Management fee, repair deposit
Fire insurance
•Fixed assets tax
•Water, gas and electricity deposit
7-2 Delivering properties
Receive Keys
Checking the initial failure
Our staff will check the initial defect with you.
After that, we will arrange interior arrangements, real estate management, tenanting and proceed.
Property Registration
After contacting the lawyer office, please follow the instructions.
In the case of pre-build, the procedure may start after several years after completion.
How is it?
KL Real Estate provides support for 2% when purchasing, and supports the above flow and loan applications and contracts in Malaysia.
Real estate purchases in Malaysia are often unknown, and they are not all forever.
If you have any questions, it is also a big point that you can consult with us in Japanese every time you have a local base.
We also offer interior arrangements, real estate management, tenanting, and sales.
Please feel free to contact us if you have any questions.
