How to Sell Property in Malaysia: A Complete Guide

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Introduction

Thinking about selling your property in Malaysia? Whether you’re a homeowner or investor, understanding the process can help you sell faster and at a better price. This guide explains how to sell property in Malaysia step by step — from valuation to legal documentation — and gives helpful tips along the way.

1. Step-by-Step Process to Sell Property in Malaysia

a. Get Your Property Valued
Start with a realistic valuation. You can check recent transaction prices in your area or hire a licensed valuer for an official appraisal.

b. Prepare Documents
Important documents include:

• Title deed (Geran/Strata Title)

• Copy of IC or passport

• Loan settlement (if property is under loan)

• Tenancy agreement (if tenanted)

c. Appoint an Agent (Optional)
Real estate agents can help market and negotiate your sale. The standard agent commission is 2%-3% of the selling price.

d. List Your Property Online
Use platforms like Mudah.my, PropertyGuru, and iProperty to reach buyers. Include clear photos, floor plans, and detailed descriptions.

e. Accept an Offer and Sign Letter of Offer
Once you receive an acceptable offer, both parties will sign a Letter of Offer (LO) and the buyer will pay a booking fee (usually 2%-3%).

f. Hire a Lawyer to Draft the SPA
The Sale & Purchase Agreement (SPA) must be signed within 14-21 days of the LO. The buyer pays a deposit (usually 10% in total) and begins the loan process.

g. Settlement and Handover
Once all legal processes are completed (often 3–4 months), the balance is paid, and the property is handed over.

2. Legal and Tax Considerations

• Real Property Gains Tax (RPGT): This applies if you sell within a certain holding period. Rates vary based on residency and how long you’ve owned the property.

• Legal Fees & Stamp Duty: Sellers bear their own legal fees and possibly early loan settlement fees.

• State Consent: Required for leasehold or low-cost units.

3. Tips for a Successful Sale

• Set the right price from the beginning

• Stage your home to make it more attractive

• Use high-quality photos and videos

• Respond quickly to buyer inquiries

Conclusion

Selling property in Malaysia involves several steps, but with the right preparation and guidance, it can be smooth and profitable. Whether you go with an agent or sell it yourself, be informed and act strategically. Start with the correct valuation, be aware of taxes, and always ensure your documents are in order.