When purchasing, owning and selling real estate properties in Malaysia, various expenses and taxes are incurred, but they are cheaper than in Japan. But there are benefits. In addition, in order for foreigners to purchase real estate such as condominiums in Malaysia, it is generally possible to purchase properties of 1 million ringgit or more (some states can also purchase properties of less than 1 million ringgit), and with the consent of the state government at the time of purchase. It is a condition to obtain. The table below shows the approximate costs for purchasing a new property with a loan for RM500,000, RM1,000,000 and RM2,000,000.
*Miscellaneous expenses may differ from the table below depending on the property and conditions.
Main costs for purchasing real estate (approximate)
*2: "0.4% to 1.0%" of real estate purchase price. As for newly built properties, there are many cases where lawyer fees are not required as a service provided by the development company.
*3: Lawyer's fees for local bank loan applications: 0.4% to 1.0% of the total loan amount, stamp duty: 0.5% of the total mortgage loan amount, etc. The total application cost is based on the assumption that 60% of the property price is a loan and 40% is self-funded.
*4: Costs for acquisition of state government agreement included in the total amount are for Kuala Lumpur. % is the ratio of the purchase cost to the property price (rounded down to the second decimal place). When purchasing real estate properties in Malaysia using our partner companies, a separate service charge of 3% (excluding tax) will be applied to the total purchase price of the property.
Annual cost of owning real estate (approximate)
*2: For a property of 100 m2. Generally, it is about "97 to 161 yen per month" per square meter.
*3: Insurance costs vary depending on the insurance company and property conditions.
*4: The upper limit of property tax, maintenance and repair reserve costs is used to calculate the total amount. % is the ratio of ownership cost to the property price (rounded down to the second decimal place).
Cost of selling real estate (approximate)
*2: Expenses for services used in selling real estate (buyer solicitation, price negotiations, etc.). "About 3%" of the selling price.
*3: % is the ratio of sales expenses to gains on sale (rounded down to the second decimal place).
Malaysian tax system
