{"id":616,"date":"2016-03-09T01:19:46","date_gmt":"2016-03-09T01:19:46","guid":{"rendered":"https:\/\/default.houzez.co\/?p=616"},"modified":"2025-06-28T13:55:55","modified_gmt":"2025-06-28T05:55:55","slug":"the-ultimate-cheat-sheet-on-real-estate","status":"publish","type":"post","link":"https:\/\/ganproperty.biscoapp.com\/index.php\/2016\/03\/09\/the-ultimate-cheat-sheet-on-real-estate\/","title":{"rendered":"The Ultimate Cheat Sheet On Real Estate"},"content":{"rendered":"\n<p>Whether you\u2019re buying your first home, renting a place in KL, or planning to invest in a shop lot, navigating the <strong>real estate market in Malaysia<\/strong> can feel confusing.<\/p>\n\n\n\n<p>What\u2019s freehold vs leasehold? What\u2019s an undercon unit? Should you use an agent or go direct?<\/p>\n\n\n\n<p>Don\u2019t worry \u2014 we\u2019ve compiled the <strong>Ultimate Real Estate Cheat Sheet<\/strong> just for Malaysians. Bookmark this page and refer back anytime you\u2019re making a property move.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83c\udfe1 1. Real Estate Terms You Must Know<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Term<\/th><th>Meaning<\/th><\/tr><\/thead><tbody><tr><td>Freehold<\/td><td>You own the land indefinitely<\/td><\/tr><tr><td>Leasehold<\/td><td>You own the property for a fixed term (usually 99 years)<\/td><\/tr><tr><td>Subsale<\/td><td>Buying a completed, previously-owned property<\/td><\/tr><tr><td>Undercon<\/td><td>Under construction (not ready yet)<\/td><\/tr><tr><td>SPA<\/td><td>Sales and Purchase Agreement (official contract)<\/td><\/tr><tr><td>MOT<\/td><td>Memorandum of Transfer \u2014 transfers ownership, includes stamp duty<\/td><\/tr><tr><td>Quit rent<\/td><td>Yearly land tax paid to state government<\/td><\/tr><tr><td>Maintenance fee<\/td><td>Monthly payment for condo\/strata property upkeep<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcb8 2. Common Costs in a Property Purchase<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Cost<\/th><th>Approximate Rate<\/th><\/tr><\/thead><tbody><tr><td>Legal Fees<\/td><td>~1% of property price<\/td><\/tr><tr><td>Stamp Duty (MOT)<\/td><td>Tiered (RM1\u2013RM1 million = 1\u20133%)<\/td><\/tr><tr><td>Valuation Fee<\/td><td>~0.25% of property price<\/td><\/tr><tr><td>Loan Agreement Legal Fees<\/td><td>Varies by loan amount<\/td><\/tr><tr><td>Booking Fee<\/td><td>Often 1\u20133% to \u201clock\u201d a unit (refundable\/adjusted)<\/td><\/tr><tr><td>Agent Commission (if renting)<\/td><td>Usually 1 month + SST<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\ud83d\udca1 <em>Tip: Budget 5%\u20137% extra above the property price to cover hidden costs.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udd0d 3. Questions to Ask Before Buying<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Is this property <strong>freehold or leasehold<\/strong>?<\/li>\n\n\n\n<li>What\u2019s the <strong>expected rental yield<\/strong> in this area?<\/li>\n\n\n\n<li>Is the developer <strong>reputable<\/strong>? (Check past projects)<\/li>\n\n\n\n<li>Are there any <strong>upcoming infrastructure projects<\/strong> nearby?<\/li>\n\n\n\n<li>What\u2019s included: airconds, kitchen cabinets, parking?<\/li>\n\n\n\n<li>Is there any <strong>ongoing legal dispute<\/strong> involving the unit or building?<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcc8 4. Subsale vs Undercon vs Auction<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Type<\/th><th>Pros<\/th><th>Cons<\/th><\/tr><\/thead><tbody><tr><td>Subsale<\/td><td>Can view actual unit, faster move-in<\/td><td>Older design, may need renovation<\/td><\/tr><tr><td>Undercon<\/td><td>Lower upfront cost, newer layout\/facilities<\/td><td>Risk of delay, can&#8217;t view real unit<\/td><\/tr><tr><td>Auction<\/td><td>Below-market prices possible<\/td><td>Sold as-is, no viewing, must pay fast<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udca1 5. Tips for Renters in Malaysia<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Always sign a <strong>Tenancy Agreement<\/strong> (protects both sides)<\/li>\n\n\n\n<li>Don\u2019t pay deposit without viewing &amp; verifying landlord identity<\/li>\n\n\n\n<li>Check what\u2019s included (WiFi, furniture, aircond service)<\/li>\n\n\n\n<li>Use a <strong>registered agent (REN)<\/strong> if you\u2019re unsure<\/li>\n\n\n\n<li>Save proof of payment &amp; WhatsApp messages for disputes<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83c\udfe6 6. Home Loan Basics (For Malaysians)<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Most banks offer <strong>90% margin of finance<\/strong> for first home<\/li>\n\n\n\n<li>Loan tenure: up to <strong>35 years or age 70<\/strong>, whichever is earlier<\/li>\n\n\n\n<li>You\u2019ll need a good <strong>CCRIS\/CTOS score<\/strong><\/li>\n\n\n\n<li>Consider:\n<ul class=\"wp-block-list\">\n<li>Conventional vs Islamic loans<\/li>\n\n\n\n<li>Fixed vs floating interest rates<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>\ud83d\udd17 Tools:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Use <a class=\"\" href=\"https:\/\/loanstreet.com.my\/\">LoanStreet<\/a> to compare bank offers<\/li>\n\n\n\n<li>Download CCRIS report via BNM&#8217;s <a>eCCRIS<\/a><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83e\udde0 7. Real Estate Scams to Avoid<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fake listings with too-good-to-be-true prices<\/li>\n\n\n\n<li>Agents without <strong>REN tags<\/strong><\/li>\n\n\n\n<li>Pressured to pay booking fee before viewing<\/li>\n\n\n\n<li>\u201cZero down payment\u201d schemes with hidden risks<\/li>\n<\/ul>\n\n\n\n<p>\u2705 Always verify:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Property title<\/li>\n\n\n\n<li>Developer\/agent registration<\/li>\n\n\n\n<li>Actual unit availability<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcf2 8. Tools &amp; Platforms Every Buyer\/Renter Should Use<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Tool<\/th><th>Use<\/th><\/tr><\/thead><tbody><tr><td>PropertyGuru<\/td><td>Search verified listings<\/td><\/tr><tr><td>iProperty<\/td><td>Project comparisons + financing info<\/td><\/tr><tr><td>Brickz.my<\/td><td>View actual transacted prices<\/td><\/tr><tr><td>Mudah.my<\/td><td>Direct listings from owners &amp; agents<\/td><\/tr><tr><td>JPPH e-Tanah<\/td><td>Check property title details (for subsale)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u2705 Final Checklist Before You Buy or Rent<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83d\udd32 Know your budget (get loan pre-approval)<\/li>\n\n\n\n<li>\ud83d\udd32 Visit the <strong>actual unit<\/strong><\/li>\n\n\n\n<li>\ud83d\udd32 Check surrounding amenities and traffic<\/li>\n\n\n\n<li>\ud83d\udd32 Read every document before signing<\/li>\n\n\n\n<li>\ud83d\udd32 Use <strong>licensed agents or lawyers<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Final Thoughts: Property Decisions = Life Decisions<\/h2>\n\n\n\n<p>Whether you&#8217;re buying a forever home, renting for a year, or exploring investment, the Malaysian property market offers <strong>huge potential<\/strong> \u2014 <em>if you stay informed<\/em>.<\/p>\n\n\n\n<p>This cheat sheet gives you a head start, but the best decisions come from:<br>\u2705 Research<br>\u2705 Guidance<br>\u2705 A clear plan<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83c\udfd8 Ready to Take the Next Step?<\/h3>\n\n\n\n<p>GanProperty helps Malaysians buy, rent, and invest with confidence \u2014 no pressure, no hidden fees, just real help.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether you\u2019re buying your first home, renting a place in KL, or planning to invest in a shop lot, navigating the real estate market in Malaysia can feel confusing. What\u2019s freehold vs leasehold? What\u2019s an undercon unit? Should you use an agent or go direct? Don\u2019t worry \u2014 we\u2019ve compiled the Ultimate Real Estate Cheat [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-616","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"_links":{"self":[{"href":"https:\/\/ganproperty.biscoapp.com\/index.php\/wp-json\/wp\/v2\/posts\/616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ganproperty.biscoapp.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ganproperty.biscoapp.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ganproperty.biscoapp.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ganproperty.biscoapp.com\/index.php\/wp-json\/wp\/v2\/comments?post=616"}],"version-history":[{"count":1,"href":"https:\/\/ganproperty.biscoapp.com\/index.php\/wp-json\/wp\/v2\/posts\/616\/revisions"}],"predecessor-version":[{"id":19063,"href":"https:\/\/ganproperty.biscoapp.com\/index.php\/wp-json\/wp\/v2\/posts\/616\/revisions\/19063"}],"wp:attachment":[{"href":"https:\/\/ganproperty.biscoapp.com\/index.php\/wp-json\/wp\/v2\/media?parent=616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ganproperty.biscoapp.com\/index.php\/wp-json\/wp\/v2\/categories?post=616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ganproperty.biscoapp.com\/index.php\/wp-json\/wp\/v2\/tags?post=616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}