Selling A House in Malaysia: 5 Things That You Need To Pay For!

June 9, 2021

You have to pay money to sell your property in Malaysia: true or false? Well, while it’s not an actual payment to have a successful sale, you have to consider several fees and taxes when you put your property up for sale.

selling a house, legal fees, lawyer fees, lawyer fees for buying a house, agent commission, property agent commission, rpgt, real property gains tax

Klik sini untuk versi BM.

When selling a house in Malaysia, it’s not just about getting the money from the sale. If you want a successful sale, you’ll actually have to pay a bit to get it sold – plus you don’t get to keep 100% of the proceeds!

There are several costs you’ll have to take into account. Among them are things such as property agent fees, valuation fees, legal fees, and Real Property Gains Tax (RPGT).

Since we're now faced with highly uncertain times due to COVID-19 and the Movement Control Order (MCO), there's even more reason for you to be careful when it comes to choosing the right time to sell your property.

We take a closer look at each of these costs:

1) Property agent fees

If you decide to engage the services of a property agent or real estate agent to sell your house, you’ll have to pay their fees.

A property agent’s services include pricing and advertising your property, arranging for viewing and bookings of the property, as well as negotiating with the prospective buyers on behalf of the seller. 

In return for these services, the agent will charge a commission, which is usually 2-3% of the property’s selling price, and capped at 3%.

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林木生集 团 有限公司 LBS BINA GROUP BERHAD 200001015875 (518482-H) PROPERTY DEVELOPMENT & INVESTMENT HOLDINGS HQ PLAZA SERI SETIA, LEVEL 1-4, NO.1 JALAN SS9/2, 47300 PETALING JAYA, SELANGOR, MALAYSIA
Developer: Utuh Aspirasi Sdn Bhd ((Company No. 200101007396 (543152-A)), A Member of LBS Bina Group Bhd | Developer’s License No. : 20162-1/09-2023/0687 (L) | Validity Period: 23/09/2021 - 22/09/2023 | Advertising & Sales Permit No.: 20162-1/09-2023/0687 (P) ; Validity Period: 23/09/2021 - 22/09/2023 | Approving Authority: Majlis Bandaraya Subang Jaya | Building Plan Ref. No.: BGN.BP6.600-1/10/4/32(30) | Land Tenure: Leasehold 96 years (expiry date: 4 September 2112) | Land Encumbrances: Charged to Public Investment Bank Berhad | Expected Date of Completion: Oct 2025 | Total Units: 725 units | Price: RM 270,000 (Min) - RM 535,900 (Max) | Restriction in interest: This land cannot be transferred, charged without the prior consent from the State Authority. Disclaimer: Whilst every reasonable care and effort has been taken, all measurements and specifications are approximate. All plans and specification information contained herein may be subject to change as required by the Authorities / Engineer, Architect, and the Developer and / or Landowner (where applicable) shall not be held responsible for any inaccuracy. All 3D visuals are artist’s impressions only. Terms and conditions apply.
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