Sale And Purchase Transaction in Malaysia – Part 6/6

Issue of Tax Payable, i.e. Real Property Gains Tax (RPGT) “Real Property Gains Tax (RPGT) shall be charged on every ringgit of the total amount of chargeable gains accruing to a chargeable person in a year of assessment in respect of each category of disposal of chargeable assets…” (Excerpt from Section 3 of the Real [...]

Sale And Purchase Transaction in Malaysia – Part 5/6

Stamp Duty Payable Payment of stamp duty(ies) for any and/or all documents is essential to enable such documents thereof to be tendered as an evidence in a court of law. The stamp duty(ies) payable varies in accordance with the type of documents in question and such calculation of stamp duty(ies) is governed by the scale [...]

Sale And Purchase Transaction in Malaysia – Part 4/6

Procurement of the requisite State Authority’s approval/consent pursuant to Section 433B of the National Land Code, 1965 (for Foreign Investor) The Foreign Investment Committee’s (FIC) approval/consent in respect of any purchase of Real Property by foreigners is no longer required and has been abolished since the year 2007. The FIC approval/consent has since been substituted [...]

Sale And Purchase Transaction in Malaysia – Part 3/6

Procurement of The Requisite State Authority’s Approval/Consent (for Real Property with Restriction-In-Interest) Investor should always be vigilant on the type of Real Property, which is being purchased. In this regard, attention should be given to the expressed and implied terms and conditions and category of use of the said Real Property as are more particularly [...]

Sale And Purchase Transaction in Malaysia – Part 2/6

Procurement of Desired Loan Amount Bank Negara Malaysia (BNM) had on 3 November 2010 announced the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will be applicable to the third house financing facility taken out by a borrower. Financing facilities for purchase of the first and second homes are not affected and borrowers [...]

Sale And Purchase Transaction in Malaysia – Part 1/6

An Overview Procedure In Relation To The Execution Of Sale And Purchase Agreement (SPA) Remarks: Negotiation of Terms and Conditions of SPA This stage will usually take a considerable amount of time. Respective Solicitors will negotiate on the terms and conditions of the SPA. Each Solicitor will ensure that the interests of their clients are [...]

World’s First Gold Vending Machine (Gold ATM) in Abu Dhabi

This is the first gold vending machine in the world launched by ‘GOLD to go’! It was first installed in Emirates Palace Hotel in Abu Dhabi on May 2010. Can you imagine that now you can buy real gold bar and gold coins from gold ATM? It is an awesome idea right!

Budget 2012 Malaysia: My First Home Scheme (Skim Rumah Pertamaku) House Prices Limit Increased to RM400K

Budget 2012 Malaysia brought good news for first home buyer! If you are financially ready for the monthly mortgage installment but have not enough of savings money as downpayment for house, My First Home Scheme or Skim Rumah Pertamaku (SRP) is the best solution! Effective from 1 January 2012, SRP will increase the house prices [...]

Budget 2012 Malaysia – RPGT (Real Property Gains Tax) 10% for First Two Years

In Budget 2012 Malaysia, a new structure of RPGT (real property gains tax) was introduced as following: 1st Year = 10% 2nd Year = 10% 3rd Year = 5% 4th Year = 5% 5th Year = 5% 6th Year = 0% Compare to Budget 2011, the RPGT was fixed at 5% flat rate on the [...]


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