10 Steps to Buying
Property in Malaysia

1 Define your purpose and budget

Start by clarifying why you want to buy property in Malaysia.

Your choice of area and property depends on whether it is for your own home, investment or a second residence.

Plan for the purchase price, transaction costs and ongoing costs after buying.

2 Research properties and narrow your criteria

Consider location, access, surroundings, supply, prospective tenants and actual rental-market conditions together.

3 View the property and make an offer

Review the property or project and clarify your requirements. Confirm the offer terms and reservation procedure for that property.

4 Sign the sale and purchase agreement

Review the contract terms and required documents. Consult a qualified lawyer for legal advice.

5 Pay the deposit

Confirm the amount, deadline and payee in the contract documents, following the procedure for your purchase.

6 Apply for a mortgage, if needed

If financing is required, check the lender's conditions and documentation before applying.

7 Confirm mortgage approval and terms

The bank determines eligibility and terms following its assessment. Approval is not guaranteed.

8 Pay the remaining balance

Check the payment dates and progress set out in the agreement.

9 Complete ownership-transfer procedures

Confirm the necessary procedures with the relevant professionals. Steps vary by property and contract.

10 Receive the keys and take possession

Confirm receipt of the property and keys. An initial defect check is not a professional building inspection.