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BUYING MALAYSIA PROPERTY LEGAL ADVICE

Strata title is the only legal documentation that prove you owned the property.So it is a must.Without strata title, can cause a lot of trouble in the future, especially involving transfer of the property ownership.Without strata title, ownership of the property cannot be transferred.The property market in Malaysia has gained quite a lot of interest, especially over the past 3 years when the mortgage loan interest dipped to historical low.If you were to buy a property for own stay or for investment, you should be well prepared for the cost involved.The typical cost  consists of: A. One time cost 1. The booking fee, down payment and subsequent unfinanced payment of the property (normally about 10%-20% of the property price)2. Lawyer fee for Sales and Purchase Agreement (calculated based on the property price):First RM150k = 1% (or minimum RM300, whichever higher)Subsequent up to RM1 million = 0.7%Subsequent up to RM3 million = 0.6%Subsequent up to RM5 million = 0.5%Subsequen...