Hi Andy,
We have a standard guideline on agency fee controlled by the Board of Valuers, Appraisers & Estate Agents, Malaysia. The fee structures are in their website www.lppeh.gov.my
Generally, the fee for sale & purchase is up to 3% (2% is common practice) and letting up to is commonly 1 month. Fees are subjected to 6% GST. All fees are generally payable by the Owner of the properties for sale or rent. However, a buyer or tenant can also engage the services of an agent to source for properties at the right budgeting and pay the same fee structure. Agents are not allowed to collect fees from both Seller or Buyer to avoid conflict of representation.
I have sold some properties to Singaporeans and foreigners in KL and I was told that the margin of financing is 60% to 70% depending on the income source. For some new projects, the developer has special arrangement with bankers that may provide slightly higher margins.
Happy investing for long term!
David Wong
Principal
QUANTUM real estate E(3)1320
Tel:+60193330573
www.quantumrealestate.com.my
Read More
