Hi All,

Would like to get your knowledge sharing for the following items:

For example, one is planning to buy a commercial title (under HDA) service apartment (2nd property) which cost about RM350k in KL area, the service apartment is still under construction stage. He will be taking 90% of loan from a local bank.

Can you advice how the processes looks like? In my mind, the process is like below:
1. Pay booking fee and sign the booking form
2. Take booking form and apply for loan
3. Accept loan offer and sign the loan offer
4. Take the loan offer and pay the remaining downpayment
5. Sign loan agreement and sign SNP
6. After construction completed and when strata title is ready, pay the MOT/MOC
But when do we need to approach a lawyer? after pay the booking?
You'll need to approach the lawyer again to handle for the MOT

And, how about the related fees as per following breakdown?
1. Legal fee for "Sales and Purchase Agreement (SNP)"
2. Legal fee for "Loan Agreement (LA)"
3. The stamp duty for SNP
4. The stamp duty for LA?
5. Memorandum of Transfer (MOT)
6. Memorandum of Charge (MOC)
7. Legal fee for MOT
8. Legal fee for MOC
9. Disbursement fees
10. Any other related fees?
No other fees

I do understand that one maybe able to get fees 1-4 calculated from those online calculator, but I got confused these items with MOT. In addition, I heard that if the same lawyer was used for the MOT/MOC, the charges will be cheaper, at about 25% of the legal fees for SNP and LA.

Thanks a lot for your sharing !

Folks, I have a few questions related to this topic:

1. Are there any specific risks to buying a commercial title condo (@ serviced apartment) due to it not being under HDA ?
2. Is it possible for a commercial title condo to be under HDA (I remember seeing an ad online where the agent stated "commercial title but under HDA" - not sure if this is true.
3. I googled online and based on this article below, it seems that HDA coverage only matters if the property is under construction. What if I'm looking to purchase a subsale condo with commercial title ? - any potential issues to be wary off ?
http://propertyinsight.com.my/blog/buying-hda-properties/

Any advice is appreciated 

Hey thanks for your responses.

Any idea what would be the estimated difference in interest rates between a residential and a commercial title condo ?

Assuming the same criteria - 30 year loan, loan amount 500k etc.

Thanks for taking the time to explain, I wasn't aware of the impact to loan tenure and interest rates. (Only knew about the higher utility tariffs).