Jenny Wang, 1. Down payment of at least 10% of purchase price from your own savings 2. Balance 90% may be obtained from a bank loan if you are a first time Malaysian house buyer depending on your credit score etc. Otherwise you may need to fork out the shortfall to the balance purchase price after paying the first 10%. 3. As a Malaysian, you may withdraw 10% from your EPF housing account if the amount is sufficient. Check out https://www.kwsp.gov.my/ 4. You need to budget for payment of stamp duty to purchase a property. Check out http://www.hasil.gov.my/ 5. You need to budget for legal fees & miscellaneous expenses for the drafting of both the Sale & Purchase Agreement and the Loan Agreement. Refer to the solicitors Remuneration Order. Check out https://www.malaysianbar.org.my/ 6. You need to pay for the bank valuation report if you are buying a secondary market (sub-sale) property. Check out fee www.lppeh.gov.my 7. You need to budget for utilities deposits, new fit-outs, furniture and renovations for your new home. David Wong (License No. E2097) Mobile:
+60193330573
Foreward Realty Sdn Bhd - E(1)1909
Read More
