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Purchase Flow (Malaysia)

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    Step 1: Select Property

    Find the right property and pay reservation fee to vendor in order to reserve your preferred property. This transaction will ensure your preferred property is taken off the market and no one else can purchase it during the reservation period.

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    Step 2: Sign Contract

    Sign the contract of sale and you will need to paid 10% deposit to solicitor trust account.

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    Step 3: Payment Schedule

    Within 21 workign days after receipt by the Purchaser of the Vendor’s written notice of the completion of:

    10% The work below ground level
    10% The walls of the said Parcel with door and window frames placed in position
    5%  The drains serving the said Building
    5%  The roads serving the said Building
    5%  The sewerage works serving the said Building
    10% The electrical wiring and internal telephone trucking and cabling to the said Parcel
    15% The reinforced concrete framework and floor slab of the said Parcel
    10% the internal and external plastering of the said Parcel

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    Step 4: Completion Date

    On the date you takes vacant possession with water and electricity supply ready for connection, you will pay 12.5% of purchase price. Another 5% will be requested to pay and hold by the Vendor’s solicitor as stakeholder for payment to the vendor at the expiry of 6 months and 18 months after the date you take vacant possession of the said Parcel.

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    Step 5: Balance Payment

    Within 21 working days, Authority of application for subdivision of the said Building you pay the remaining 2.5% of purchase price.