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12 Points to look at before investing in Kuala Lumpur, Malaysia.

   1. To buy a property completed or under construction by a developer?
   2. Are you purchasing the property for investment or for staying?
   3. What sort of budget?
   4. Location near KLCC or out of KL Central?
   5. 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.
   6. What type of property – condo/bungalow/semi-D?
   7. How many rooms/baths/land area/built up/furnished/partly?
   8. What level of tight security?
   9. Near schools, amenities, shopping malls and public transport?
  10. Do you plan on purchasing the property in cash or mortgage? How many years for repayment? Best loan package?
  11. What will be the legal fees and professional fee/stamp duties before acquiring the property?
  12. 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.