1 Answer

askguru expert
Hey there,

It would depend on whether you're referring to a new or sub-sale property.

If you're looking to purchase from developers, there could be rebates involved, and other perks thrown in. So, the down payment required could be lesser than purchasing from the secondary/sub-sale market. If you're looking to purchase property from a developer, do take note of the Home Ownership Campaign (HOC), which has been extended to 31 Dec 2021. Discover full details on HOC here: https://www.propertyguru.com.my/property-guides/home-ownership-campaign-hoc-2020-all-you-need-to-know-15274

If you're looking to purchase from the sub-sale / secondary market, the minimum down payment is 10% of purchase price. Down payment aside, there are other costs involved such as legal fees for the Sale and Purchase Agreement (SPA) and loan agreement, the real estate agent’s commission, and stamp duty fees. The details are here: https://www.propertyguru.com.my/property-guides/sale-purchase-agreement-stamp-duty-legal-fees-2020-malaysian-property-14089

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