FAQ
VALUATION
Based on the 7th Schedule of the Valuers, Appraisers and Estate Agents Act 1981, the scale of fees for Capital Valuation based on the reported value is as follows:-
- 1/4% on the first RM100,000/-
- 1/5% on the residue up to RM2 million
- 1/6% on the residue up to RM7 million
- 1/8% on the residue up to RM15 million
- 1/10% on the residue up to RM50 million
- 1/15% on the residue up to RM200 million
- 1/20% on the residue up to RM500 million
- 1/25% on the residue over RM500 million
(Minimum fees = RM400/- excluding disbursement charges and 6% government service tax)
Kindly contact our office and inform us of what you require. We will then fax you a formal instruction form. Kindly fill up the form and return it to us with the relevant documents. We will contact you to arrange a property inspection.
For sale / purchase of lands / buildings, we abide by the 7th Schedule of the Valuers, Appraisers and Estate Agents Act 1981, which dictates that the scale of fees are as follow:-
- Maximum Fees of 3% of the Selling Price.
For duration of tenancy up to 3 years, we charge 1.25 months gross rental. The minimum fee chargeable is 1 month’s gross rental.
We currently have offices in Johor and Klang Valley, but are able to accept assignments in all parts of Malaysia.
MY FIRST HOME SCHEME (MFHS)
Is one of the measures announced by the Government in 2011 Budget aimed to assist young adults to own a home. The scheme allows homebuyers to pbtain 100% financing from financial institutions, enabling them to own a home without having the need to pay a 10% down payment.
No. The scheme is limited to employees in private sector with minimum employment of 6 months with the same employer. Plus, the borrower must be a Malaysia citizen with maximum age of 35 years, first time home-buyer and have gross income not more than RM5,000 per month for single borrower and gross income not more than RM10,000 per month for joint borrower.
Yes. You may obtain 100% financing under the Scheme, provided that the monthly financing repayment amount must not be more than 60% of the combined net monthly income.
You will need to apply directly with participating banks such as Affin Bank, Bank Islam Berhad, CIMB Bank Berhad, Hong Leong Bank Berhad, Maybank Berhad, OCBC Bank Malaysia Berhad, Public Bank Berhad, RHB Bank Berhad, United Oversea Bank Malaysia Berhad and etc.
No. The property must located in Malaysia with minimum property value of RM100,000 and maximum property value of RM400,000/-.
EPF withdrawal for housing use
Yes. You can withdraw your EPF saving in account II for purchasing a house as long as you are not reached 55 years old at the time of your application and you must have at least RM500.00 of savings in Account II.
No. The withdrawal is not eligible for renovating existing house, buy a land/house lot only, build a third house, build a house aboard or you have taken an overdraft loan.
Once the ring fencing has been made, you cannot use the saving/contributions in the particular Flexible House Withdrawal Account for housing, education, health and age 50 withdrawals. However, the savings that have not been ring fenced in Account II can still be used for the allowed purposes under EPF Act 1991.
I am planning to purchase a shop lot with residential unit. Am I allowed to withdraw EPF saving for the purchasing?
* Please refer to the Guidelines for more details or visit www.kwsp.gov.my
Guidelines