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> Strata Title Transfer fees in Malaysia Investment

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TSSaeidM
post Jul 20 2012, 05:43 AM, updated 12y ago

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Hi. We bought a property in Port Dickson, Malaysia, a few years ago and just had a letter from the developer, stating that the Title for our property has been issued by the authorities and we have 12 months to execute the Strata Title transfer. The purchase price was 590,000RM.

Some of the charges for the transfer are as follows(I'll just mention the big ones here):

Memorandum of Transfer 4580 RM
Stamp Duty on Memorandum of Transfer 11700 RM
Filing Fees on Memorandum of Transfer 5900 RM
Etc, etc

In total the charges are 23,894 RM.

This seems utterly excessive. Can I do the leg work on some of these , or hire a person to do it for me and save on these fees?

Your advise would be highly appreciated.

Saeid

This post has been edited by SaeidM: Jul 20 2012, 05:45 AM
TSSaeidM
post Jul 20 2012, 05:57 AM

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QUOTE(earl-ku @ Jul 20 2012, 05:45 AM)
i think there are some runner fees which are not mentioned here ...

all the fees above are not discountable ... especially the stamp duty ... thats based on property price

memo of transfer and filing fees, might be discountable if you have your own lawyers ... i think la
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Thanks for your quick reply. The 5900 RM which is 1% of the purchase price matches what I've seen on web sites were they detail the fees for Title Transfer. But the rest, I have not been able to find any thing related to those fees on other web sites yet.

 

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