In our previous article, “5 Legal Issues to Look Out for when buying and selling a property in Malaysia”, we have highlighted that a fifty per centum (50%) remission of stamp duty is permitted for transfers on the basis of ‘love and affection’ between parent to child and vice versa. This was gazetted under the…
The Budget 2020 for Malaysia was recently tabled at the Dewan Rakyat in Parliament by YB Tuan Lim Guan Eng, Minister of Finance, on Friday, 11th October 2019. The Budget 2020 objectives are based on “Driving growth and equitable outcomes towards shared prosperity.” Real Estate transactions fall under Strategy 11: Promoting Access to Housing in…
By Christopher Chan, an associate director and a registered estate agent with Hartamas Real Estate Group To spur both the challenging property market, I strongly recommend that the government adopt the following suggestions for Budget 2020: 1) The existing benefits for the residential secondary property market should be reconfigured to the following: The existing threshold…
The Malaysian property market remains attractive to foreigners and expats who either wish to live or invest in Malaysia. According to statistics, Malaysian properties are affordable and offer reasonable returns. However, foreigners, whether individuals or companies, should abide by specific requirements and restrictions enforced under the National Land Code 1965 (“NLC 1965”) and the Guidelines…
Wednesday, 23 October, 2019 12:30pm – 2:30pm How to Help Foreigners Buy Properties in Malaysia (Download pdf brochure ) Overview The Malaysian property market remains attractive to foreigners and expats who either wish to live or invest in Malaysia. To many foreigners and expats, Malaysian properties are affordable and offer reasonable returns. However, there are specific…
Puan Sarah Kambali, a partner and head of the Real Estate Practice Group in MahWengKwai & Associates, will be delivering a talk and sharing her experiences on “Client Management” and “Clients’ Interest” at the first session of day 2 of the “2-Days Practical Workshop on Basic Conveyancing Practice” hosted and organized by the Kuala Lumpur…
Thursday, 4 July, 2019 12:30pm – 2:30pm Foreign Direct Investment in the UK (Download pdf brochure ) Overview Despite growing uncertainty in many economies and financial markets around the world, there are still many good reasons to invest in the United Kingdom (‘UK’). The UK has one of the most robust property markets in the world…
Wednesday, 24 April, 2019 12:30pm – 2:30pm RPGT & Stamp Duty 2019 (Download pdf brochure ) Overview In November 2018, the Finance Minister announced changes to the rate of Real Property Gains Tax (RPGT) and Stamp Duty. These changes have been brought into force via Finance Act 2018 and have had an impact on the…
This article intends to address the effect and consequences of money laundering over real estate and the legal profession in Malaysia. The flow of this article will be to extract the finer points of money laundering and how it usually comes into play; before cross-referring with real estate and the legal profession. Effectively, this write-up…
By Richard Wee, Sarah Kambali, Darren Tan & Oh Jia Ling Photo by rawpixel.com from Pexels Purchasing or selling a property in Malaysia can be complicated with layers of administrative challenges. Embedded in these property transactions are statutory rules, legal practices and commercial documentation. For many first time property buyer, or even regular property investor; buying…
Are you within the time limit to claim for your property damage? If you are a property owner and you recently noticed latent defects or property damage such as cracks on your walls, floor or ceiling, then this article may be relevant to you. On 3.4.2018, the Dewan Rakyat discussed and passed the Limitation (Amendment)…
Wednesday, January 18, 2017 (SESSION FULL) 12:30pm – 2:30pm Understanding the changes to the Strata Title Act 1985 & overview of the Strata Management Act 2013 (Download pdf brochure) Overview The new strata laws have hastened the issuance of strata titles, enhanced protection and facilitated strata management for home buyers and imposed…
by Lim Jo Yan and Teoh Huei Wen The Passing of Companies Bill 2015 On 4 April 2016, the Malaysian Parliament passed the Companies Bill 2015.The Bill was formulated with an aim to revamp the existing corporate landscape in Malaysia under the Companies Act 1965 (“Act”), of which some provisions were deemed to be obsolete…
