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BUYERS GUIDE

REGISTRATION OF INTEREST

You can register your interest on a property via:


  • Visit our Sales Gallery at Bukit Jalil
  • Contact at +603-8994 4866
  • Online registration at http://www.berjayaproperties.com/registration.php
BOOKING OF A PROPERTY

Select and pay initial down payment to book your preferred unit.

PAYMENT METHOD

You can decide to settle payment via loan or cash. You may check with the sales consultant on the list of banks and its corresponding rates or consult any financial institution of your choice should you opt to take up a loan once the booking is confirmed.

SIGNING OF SALE AND PURCHASE AGREEMENT

You will have to execute the Sale & Purchase Agreement (SPA) and balance payment within 14 days from the date of confirmation of booking at our appointed solicitor's office.

EMPLOYEE PROVIDENT FUND (EPF) WITHDRAWAL

EPF members can fund the purchase via EPF account and are required to obtain the EPF Withdrawal Form from the EPF office or download the form from the website at www.kwsp.gov.my. EPF withdrawal is only for residential properties purchase only.


* The information above is provided as a general guide to purchasing properties in Malaysia. The requirements for purchase may vary according to states, citizenships, individuals, organisations, number of purchase etc. One should consult the relevant person, authorities for more information.

DOCUMENTS REQUIRED FOR LOAN
Employed applicants
  • Booking form of the property booked
  • Photocopy of identity card (for Malaysians) or passport (for non-Malaysians)
  • Latest 3 months payslips
  • Latest 3 months bank account statements
  • Latest tax assessment form
  • Latest EPF statement
  • Others as may be required
Self-employed applicants
  • Booking form of the property booked
  • Photocopy of identity card (for Malaysians) or passport (for non-Malaysians)
  • Company Registration Forms (Form 24 and Form 49) or other relevant forms
  • Latest financial statements
  • Latest 3 months bank statements
  • Latest tax assessment form
  • Others as may be required
Criteria for Loan Application & Approval

A loan applicant is required to fulfill the following criteria:


  • Has stable income
  • Age not exceeding 55 years old
  • Monthly instalment of the property purchased including current commitments e.g car loan, personal loan and others should not exceed one-third of the monthly income
Loan Approval

Upon approval of loan application by the financial institution, a Letter of Offer (LO) will be awarded by the institution to the applicant. Should the applicant agrees to the offer, he/she is required sign the LO as to accept the institution’s offer. The LO will be kept by the financial institution and a copy extended to developer.


The financial institution will have an appointed solicitor to arrange for :


  • Deed of Asignment (for Strata Units); or
  • Memorandum Of Transfer Form 14A and Charge Form (Landed unit with individual title)

The financial institution’s solicitor will inform the applicant to execute the Loan Agreement at the solicitor’s office. The agreement will be stamped and registered by the solicitor. The stamped agreement will be kept by the financial institution and a copy be given to the purchaser and developer.


The financial institution will be accord the payment progressively following the Third Schedule of SPA once receipt of developer’s billing


*The information above is provided as a general guide to applying property loans in Malaysia. The requirements for loan application may vary according to states, citizenships, individuals, organisations, number of purchase etc. One should consult the relevant person, authorities for more information.

Other Costs Involved

There are other costs that a purchaser needs to set aside which includes:


  • Legal fees on Sale & Purchase Agreement (one time only)
  • Disbursement fees on Sale & Purchase Agreement (one time only)
  • Stamp duty on Sale & Purchase Agreement (one time only)
  • Legal fees on loan documentation (one time only)
  • Disbursement fees on Sale & Purchase Agreement (one time only)
  • Stamp duty on loan documentation (one time only)
  • Memorandum of Transfer (MOT) fees for transfer of title (one time only)
  • Quit rent (yearly payment)
  • Local council fee (Half yearly payment)