Hi all,

I have few questions abt buying a property:

1. What is the step of buying a property after paying 3% deposit?
2. Heard that stamp duty will get 50% discount. Whats the requirements?
3. For kwsp withdrawal as deposit, so long no withdrawal before, is it surely can withdraw successful, regardless first or 2nd property ?

Thanks you.

Q1
1. Secure loan from a few banks.
2. Get a lawyer to prepare your S&P and loan agreement. Get both agreements signed within the stipulated timeframe as per your booking form (normally within 14 market days), after you have bank's letter of offer in hand.
3. Upon signing S&P, pay remaining 7% together with legal fees.
4. Rest lawyer will deal for you. If all okay, wait to get key.

Q2
50% stamp duty is for residential property within RM500k. This can only be used once in your lifetime.

Q3
Yes, but only for residential property. Need to submit to kwsp after S&P signed. So anyhow, you have to fork out money for downpayment.

Tips: If you have outstanding PTPTN, please clear it first. Else, securing loan from bank will leave you with lots of trouble.

Thank you very much for your reply
Fully understand now.

Note: it is better to sign the bank's letter of offer after the SPA has been signed by both the seller and buyer. But do get your loan approved first prior to signing of SPA.

This is because if you sign the loan letter of offer, there will be penalty charges for cancellation in the event the SPA is not signed for any reason whatsoever and you are not able to proceed with the sale and purchase.

Hi All!

I'm planning to buy a new landed property but I have not paid any bookings yet. The agent told me that the developer are actually processing the strata title but that is based on his words only. Is there any documents that I can request to make sure that it is true?

"new landed property", direct from developer or through a sub-sale transaction?

Direct from developer.

Why direct from developer need an agent?

The recent amendments to the law has imposed an obligation to the developer to apply and obtained the individual document of title to the property upon the delivery of vacant possession however how effective it this is yet to be seen. The only way to find out is through the developer themselves. The should have a copy of the letter evidencing that the master title has been submitted for subdivision however unless you have committed yourself to the purchase, i don't think the developer will be releasing same to you.

You may try to request same from the agent and the agent may be able to get same from you if he is desperate enough to sell the property.

even direct developer cases has agents selling the properties.

developers don't hang themselves out to sell properties.

the waiver of 50% stamp duty is it for s&p and loan agreement stamp duty?
or only subjected to s&p stamp duty?
kindly advise thx

s&p stamp duty only....not loan agreement stamp duty

are you sure?

quoted from this link, item 4, page 3
it's actually the MOT and loan agreement, SPA stamping only cost ~RM10 per copy i think

http://www.themalaymailonline.com/malaysia...ghlights-so-far

I am very very sure sir.....50% for stamp duty S&P fees only ( first time buyer ). hehe

do you mind to share with us your lawyer fee and loan doc quotation please?

Only after clear off ptptn loan then only can buy property by getting loan, right?

Ptptn can withdraw only epf account 2? or both account?
If can withdraw both account that would be great!
But i supposed it is the other way.

Any other way we can payoff ptptn loan if epf acc2 is insufficient to payoff?
Else, i'd never able to buy property

i came across an idea that i can actually pay the outstanding first, in order to remove the bad record in ccris.
and then the remaining balance pay by monthly installment.
however, some said it might not be a good idea, because ccris will show you restructure your loan.
in certain extent it affect the ccris overall performance also.
what you think?

i'm stuck to buy property now. yet i dun have so much money to payoff one shot.
if using epf acc2, it only able to payoff half of my ptptn loan.
any idea? thx

Is it possible to actually transfer an approved loan to another property? For example I applied loan for prop A and decided not to further pursue this anymore and would like to transfer the approved loan to prop B..

Owh, what a bummer. The property I'm applying is different location, I'll try calling the banker and ask him about it.

refer to my post from link below on how i solved PTPTN issue and got my loan.
https://forum.lowyat.net/index.php?showtopi...post&p=80193755

Hi, only for residential property means property with residential title? My service apartment is under commercial title, can I apply for the 50% stamp duty & KWSP account 2 withdrawal?

Thanks

Sifu, im planning to get a house
Gonna make booking 10k , then go find loan with bank, within 21 days must pay balance of 10% deposit

Snp developer cover, the sales person said i need to pay MOT plus lawyer fee...how much it can be?
Fyi- purchase price is rm754,888

Hope anyone can enlighten me on this 😅
Koyak la like this

Mot only pay once VP after the developer issue the perfection of transfer. ( master title to individual/strata title )

Just prepare for the balance of 10% depo &
Lawyer fee only. For the lawyer fees, base on 754k prop price is around 14-18k.

lawyer fees and stamp duty pay on same time as the 10% balance payment?

MOT pay later bro.

This post has been edited by botaknet: Aug 1 2016, 12:38 PM

Thank you.