12 Points to look at before investing in Kuala Lumpur
- To buy a property completed or under
construction by a developer?
- Are you purchasing the property for investment or for staying?
- What sort of budget?
- Location near KLCC or out
of KL Central?
- Leasehold or Freehold property?
• Freehold Land - Held in perpetuity. Most inner city lands are freehold.
• Leasehold Land - 99 years or 60 years in most cases of lands alienated
from the Government prior to development.
- What type of property –
condo/bungalow/semi-D?
- How many rooms/baths/land area/built up/furnished/partly?
- What level of tight security?
- Near schools, amenities, shopping malls and public transport?
- Do you plan on purchasing the property in cash or mortgage? How many years for repayment?
Best loan package?
- What will be the legal fees
and professional fee/stamp duties before acquiring the property?
- Upon signing Sales & Purchase
Agreement (SPA) with minimum 10% deposit the balance sale is to be
completed within 6 months [+/-] with the relevant consent and approval from
the relevant authorities then the balance purchase sum to be paid to the
owner. If you are taking a mortgage loan then once state/developer’s
consent has been obtained the bank will release 70% of the loan and you
will have to top up the differential sum. This will be handled by the
appointed lawyers/banks.
Contact us with your investment plans and we'll help
you find and buy.
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