Answers To Your Key Property Questions

For subsale property purchases, buyers typically require:

• 10% Cash Deposit: Consisting of 3.24% earnest deposit upon signing the Offer to Purchase (OTP), and 6.76% balance deposit upon signing the SPA.
• 3% - 5% Additional Cash: Covering SPA & Loan legal fees, bank valuation fee, and MOT Stamp Duty.

Note: First-time homebuyers enjoy 100% MOT stamp duty exemption on properties priced up to RM500,000.

Freehold: Grants perpetual land ownership with no expiration. Subsale transfers for non-Bumi buyers do not require State Consent, resulting in faster transactions (~3 months).

Leasehold: Land is leased from the State Government (typically for 99 years). Each transfer requires State Consent approval (2-6 months). However, Leasehold properties are usually 15%-20% cheaper and offer higher rental yields.

Banks determine home loan eligibility using the Debt Service Ratio (DSR):

The maximum DSR limit for most local banks ranges between 60% and 70%. For example, with a net salary of RM5,000 and existing debts of RM1,500, your maximum eligible monthly housing instalment is around RM1,500 - RM2,000.

For Salaried Employees (Private / Government Sector):

• Copy of NRIC (Front & Back).
• 3 - 6 Months Latest Pay Slips.
• 3 - 6 Months Latest Bank Statements.
• Latest EPF Statement.
• Latest EA / BE LHDN Income Tax Form.

For Self-Employed / Business Owners: Provide SSM Registration, 6 Months Company Bank Statements, LHDN Form B, and Audited Accounts.

Under the Legal Profession Act 1976 in Malaysia, a single law firm CANNOT represent both buyer and seller in the same property transaction to prevent conflict of interest.

The law firm typically represents the buyer for SPA and loan documentation, while the seller may appoint their own lawyer or be unrepresented for discharge of charge purposes.

As a registered REN under LPPEH with a licensed agency, Zaim Rosli provides comprehensive end-to-end services including:

• Free Market Valuation Checks (Bank Valuation).
• Buyer Pre-Qualification & DSR Screening before booking fee payment.
• Aggressively marketing properties via major portals & digital channels.
• Managing Offer to Purchase (OTP) documentation, panel lawyers, and top banker connections.

Freehold Property: Average transaction timeline is 3 months from bank loan approval and SPA execution.

Leasehold Property: Average timeline is 4 to 6 months, as it requires State Consent application approval before the official 3-month completion clock starts.