Buyer’s Guide – Guide to Own Your Dream Home


Include the following in your check list before making a commitment to purchase property:-
(i) Purchase a unit that is within your budget
(ii) Visit location of property to get a better assessment of the surrounding
(iii) If there is a show unit available, make time to view it to get better perspective of floor layout, specifications provided and quality of workmanship


Look for a planned development that is supported by well planned infrastructures, and preferably accessible to basic amenities, schools, banks, market and etc.


To find out whether you are eligible for a house loan, you’ll need to check out personally with a banker who can provide invaluable assistance to you.
The necessary documents required by the bankers to process your loan application include:-
– Identification Card – NRIC (copy)
– Property Booking Receipt
– Sales & Purchase Agreement/Title (copy)
– Latest 3 months pay slip (for Basic Salary) / Latest 6 months pay slip (for Basic + Commission Earner)
– Latest 3 months personal bank statement (for Basic Salary/Latest 6 months pay slips (for Basic + Commision Earner)
– Latest EA form
– Latest EPF statement
– Income Tax – Latest Form B/BE with payment receipt acknowledgement
– Deposit statement eg. Fixed Deposit, ASB or Bonds (if any)

“Try out a few bank loan applications to get the best offered rates out of them”


Did you know that the saving funds in your EPF account can be withdraw and pay for your differential sum? Here are the steps for you to do it!
Below is a brief guideline on the EPF withdrawal procedures:-
  • EligibilityYou must be an EPF member and aged not more than 55 at the time of application.
  • Amount Allowed for WithdrawalYou may withdraw all monies from your Account 2 maintained at EPF, or the difference between the Purchase Price and loan amount plus 10% of the Purchase Price (whichever is lower).

“Work out your budget carefully before making a decision to purchase, DO NOT RUSH!”

1. Simply click on below link to download the information booklet on purchase a house withdrawal for more info.
2. Obtain an EPF withdrawal application form from their office
3. Submit the completed EPF form together with a photocopy of your I/C, Sale and Purchase Agreement and Letter of Offer from your end-financier
4. Produce all ORIGINAL documents mentioned above to the EPF officer for checking when submitting the said form for processing
It is advisable for you to check with the EPF’s personnel, or log on to their website at www.kwsp.gov.my to confirm your eligibility to withdraw your savings from EPF to purchase a property.
The above mentioned document listing are applicable for Malaysians working in Malaysia – Employees and the document listing acts as a general guidelines for most of the banks. In some cases, banks may request for more documents from you on a case to case basis.

pdf Download Information Booklet – Purchase a House Withdrawal

While loan approval processing may be quite fast with some bankers giving their replies within 3 days from date of application, the loan documentation for the first loan release will normally take some time.
However, you can avoid any Late Interest Charge being imposed for late release of the loan if you:-
  • Apply for your loan without delay – obtain a checklist of documents required for application from the financial institution;
  • Closely monitor the loan application process;
  • Seek our assistance to liaise with the end-financier in getting the loan approved expeditiously;
  • Settle the difference between the loan amount and purchase price immediately upon loan approval;
  • Settle all legal fees and charges due to the lawyer promptly.


All Developers must use the Statutory Sale and Purchase Agreements for the sale of their properties as follows:-
Schedule G – For purchase of landed properties – individual titles (eg. terrace houses, semi-detached and bungalows)

pdf Download Schedule G

Schedule H – For purchase of high-rise and subdivided properties strata titles (eg. flats, apartments, condominiums, townhouses)

pdf Download Schedule H

To understand more about the processes on execution of SPA until the drawdown of the loan, please read through the table on the right.


Legal Fees for Sale & Purchase Agreement (SPA), Transfer & Loan Documentation:-
  • The legal fees payable to your Solicitor is governed by the Solicitors’ Remuneration Order 1991 which provides the Standard Scale in determining your Solicitor’s fees.
  • Legal fees for SPA, Transfer & Loan Documentation are charged separately.
  • Generally, legal fees are borne by the buyer. However, certain developers and financial institutions may offer to pay the legal fees on the legal documentation as part of their marketing package.
  • The stamp duty on transfer must be paid within 30 days from the date of the notice of assessment, failing which a penalty will be imposed.

pdf Download Scale of Lawyer’s Fees


The Malaysia My Second Home (MM2H) was launched by the Malaysian Government to encourage non-Malaysians from overseas to retire in Malaysia or spend a considerable time in the country on a social visit pass (10 years) with a multiple entry visa which would allow them to and from Malaysia freely.
Under this programme, the eligible foreign citizens will get to enjoy the relatively high standard of living, and at the same time experience the diversity of food and culture that our multi-racial Country is able to offer them…. all this without having to forego their citizenship.
For those successful applicants who wishes to purchase properties, they are exempted from having to obtain Foreign Investment Committee (FIC) approval.
Log onto www.mm2h.gov.my to obtain more information on MM2H.
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