Search by property reference or keywords

Enter reference or keyword




Malaysia real estate agents

Advice Buying Properties For Sale Malaysia Real Estate Property Buyers Guide



You have found an Malaysia property you wish to purchase what next?

Malaysia propertyBuying Property in Malaysia - Costs of Purchasing Malaysia Property

Malaysia Property Buyer's Guide explains the legal fees, legal procedures, purchase taxes and mortgage procedure.


The buying process:Real estate in Malaysia is often bought by foreigners, and with the Malaysia My Second Home programme, the government is encouraging retirees to come to Malaysia and invest in real estate.

The process for buying property in Malaysia is straightforward and well established, but we always recommend that you have legal representation from an independent lawyer in Malaysia.

After an offer is made and accepted, the terms of the offer are set down in an official signed letter.

At the same time, the purchaser pays three per cent of the purchase price as a deposit to secure the property.

This is followed by the signing of a sale and purchase agreement after 14 days, at which point a further 7 per cent of the purchase price is paid.

The remainder of the funds should be transferred and the necessary paperwork completed within three months of the initial agreement.

This is also the point at which all fees and taxes must be paid and up to date. Stamp duty is attracted onto every transfer of property deeds in Malaysia, and work on a sliding scale based upon the property value. This scale leaves the buyer paying between one and three per cent of the purchase price in stamp duty. Agent's fees, if applicable, are also paid by the purchaser.

Fees and taxes:

Your own legal fees for buying a property in Malaysia will have to be taken into account, and should amount to no more than four per cent of the purchase price.

At the other end of your time owning a property in Malaysia, there will be Capital Gains Tax to be paid, and this will vary depending on how long you have owned the property. This sliding scale starts at 30 per cent for people who have owned for less than 2 years, which then drops to five per cent for people who have owned for five years or more. This is another initiative of the Malaysia My Second Home scheme to encourage inward investment.

There are taxes to be levied on rental income on property in Malaysia, but there are also plenty of exemptions and savings, meaning that you can greatly reduce the tax burden on your income. Inheritance tax is not payable in Malaysia.

Visas, residency and work permits:

Malaysia has a modern approach to visas and residency. As a former British colony, and somewhere that retains incredibly strong links with the UK, British citizens do not need to apply for a visa to enter the country. This extends to nationals of other Commonwealth countries and the US.

Work permits are necessary for all foreigners who wish to take up employment, and are usually applied for by the employer on behalf of the employee. These are granted for periods ranging from a few months to several years, and apply only to the permit holder - dependents or partners must apply for their own permits in order to work.

Malaysia is often overlooked by overseas property investors looking to head into the markets of South East Asia, at times being ignored ahead of Thailand and China for the impressive capital gains and social development. However, Malaysia offers a lot more in the way of stability for the overseas property buyer, and will make a welcoming destination for expats and retires looking to settle there permanently.

For Sale

Kuala Lumpur
Federal Territory Region
Apartment

Apartment Federal Territory Region

€100,000,000

For Sale

Kuala Lumpur
Federal Territory Region
Apartment

Apartment Federal Territory Region

€100,000,000

Advertise Properties in Malaysia whether you are a Real Estate Agent or Private Owner looking to sell property direct from the owner

I want to sell property in Malaysia

I want to let my holiday rental property in Malaysia

Click here to search for properties in Malaysia

These guidelines are meant for guidance only and describe straightforward purchase scenarios. However this information is not meant to replace proper legal advice, which we always insist you take.



Malaysia Real Estate

advertise properties in Malaysia for sale agents private owners direct buyers guide legal taxes fees

Search for your ideal Malaysia Property Abroad, Overseas homes from over 28,000 listings sales & holiday rentals listings.



A dedicated portal website for Overseas Property Sales and Worldwide Holiday Rentals Apartments, Villas, Houses.

Advertise, market and Sell homes on Globespan Portal.

Malaysia Real Estate Agents selling all types of homes from Apartments, Apartment Blocks, Barges, Boats, Buildings, Bungalows, Businesses, Casas Rural, Castles, Cave Houses, Chalets, Chateaus, Condos, Condominiums, Cottages, Country Houses, Duplexes, Farmhouses, Fincas, Gites, Flats, Holiday Homes, Hotels, Houses, Islands, Life Style, Lodges, Mansions, Marinas, Mobile Homes, Off Plan, Penthouses, Plots of Land, New Developments, Studios, Townhouses, Villas, Village Houses.

Our Buyers Guides explain the obligatory taxes, legal fees, banks, mortgages and lawyers fees when buying overseas investments.
Globespan is an International and Overseas Properties Portal. We have worked hard to ensure this is the only overseas property website you need whether purchasing or selling an overseas home.

We offer some of the latest and most exclusive overseas investment properties that are available from our advertising estate agents, developers and FSBO for sale by owners direct from vendors.

FSBO For Sale By Owners Direct. Private Owners Selling Privately. Home Sellers. For sale by owner listings specialising in private house sales overseas.

Bank Reposession Bargain Properties direct from the Banks, distressed sales online. Bank repossessed.


Rent self catering villas, apartments, gites, cottages, chalets. Holiday lets and Overseas Home Rentals

Book online your ideal holiday home rental vacation property and self catering accommodation.

Vacation Lettings from agents and owners direct.

Over 80 vacation destination countries abroad.
Whatever your vacation requirements, we have chalets, holiday cottages, villas, gites and apartments to suit you.
Self catering Holiday lets accommodation.

Whether you are looking for a luxury villa in Spain, a cabin in Austria, a chalet in Switzerland,a penthouse in Rome,a pied a terre in Paris, a golf holiday in Portugal, a cottage in Devon, or an apartment in Italy.

Winter ski resorts or sun vacations.

Choose from a wide selection of self catering homes, cottages, chalets and bed and breakfasts worldwide.

Whatever your needs, we have holiday homes, villas, gites and apartments to suit your vacation requirements.
Holiday Parks, Winter Ski Chalets, Bed and Breakfasts, Wheelchair Adapted, Pet Friendly, Large Groups, City Breaks, Walking Tours, By the sea, Close to a golf course, In the countryside, In the mountains, Lakeside, On a working farm, Island, Apartments, Apartment Blocks, Barges, Boats, Buildings, Bungalows, Businesses, Casas Rural, Castles, Cave Houses, Chalets, Chateaus, Condos, Condominiums, Cottages, Country Houses, Duplexes, Farmhouses, Fincas, Gites, Flats, Holiday Homes, Hotels, Houses, Islands, Life Style, Lodges, Mansions, Marinas, Mobile Homes, Off Plan, Penthouses, Plots of Land, New Developments, Studios, Townhouses, Villas, Village Houses.

Browse our 28,000 Sales and Vacation Home listings to find your dream vacation accommodation.

Whether you want a country house in the mountains well away from the crowds for a peaceful vacation, a picturesque cottage, a city break, a family beach trip or to spend time in your own apartment in a city centre we have it all on this website.