Tumpang thread, need to purchase a 2nd hand condo cost 165k.
I got 2 different quotations from 2 firms, just wonder why are some items are different.
QUOTE
FIRM A
1. Preparation of Memorandum of Transfer = 1605
2. Preparation of Private Caveat/Withdrawal of Private Caveat for = 350
Personal
3. Preparation of Borang I = 50
Disbursements:-
1. Stamp Duty on Sale and Purchase Agreement = 40
2. Stamp Duty on Memorandum of Transfer (after 50%) = 1150
3. Adjudication fee on Memorandum of Transfer = 10
4. Registration Fee on Memorandum of Transfer = 250
5. Registration Fee for Entry of Private Caveat = 150
6. Registration Fee for Withdrawal of Private Caveat = 100
7. Land search = 120
8. Bankruptcy searches = 80
9. Affirming fee for Statutory Declaration = 30
10. Travelling expenses = 50
11. Telephone, Fax & Courier charges = 80
12. Miscellaneous = 50
13. 5% Government Tax = 100.25
TOTAL = 4215.25
QUOTE
FIRM B
Transfer on property = 1,605.00
Service Tax 5% = 80.25
Disbursement
Title Search = 80.00
Adjudication = 10.00
Stamp Duty on Sale & Purchase Agreement = 40.00
Stamp Duty on Deed of Assignment & Copies (before 50%) = 2,330.00
Travelling = 50.00
Printing, Postages & Telephone = 50.00
Miscellanous = 50.00
Total: = 4,295.25
Let's ignore the stamping duty as 1 is before 50%, another is after 50%.
1) Can i know why 1 is transfer of property, another 1 is MOT? If both are the same things, why FIRM A got charge those adjustcation fee and registration fee of MOT while FIRM B not?
2) Can i know why FIRM A got charge for private caveat while FIRM B no?
Thanks.