Total support for Malaysia real estate!
(Kuala Lumpur, Johor and Penang)
22 Years of experience in MM2H. Support for Study Abroad.
(Kuala Lumpur, Johor and Penang)
22 Years of experience in MM2H. Support for Study Abroad.
* Rate: 1MYR = 34.48JPY (as of 19/11/2024 09:25)
Key points to success in Malaysian Property investment
3) Business practices in Malaysia that you should know
- There is no seal system and all contracts must be signed in person. Authentication for identity verification is important and is usually to be signed in front of a local lawyer.
- Because Malaysia is more to contract-oriented society compared to Japan, there’s a lot of documents such as contract pages etc.
- It is impossible to expect the same level of service as in Japan. It is important for you to proactively ask and confirm. For beginners, it is recommended to use a local Japanese real estate company with local experience.
- Due to the laid-back nature of the people, transactions tend to be delayed. Please understand that things do not proceed as efficiently as in Japan. It is always can't be punctual.
- As a nation that does not really put attention to details, from a Japanese perspective, sometimes it may feel like a not detail-oriented response.
- Even though there are rules (laws), Malaysia is quite flexible in terms of operational aspects. Negotiations are possible, so it is important not to give up easily.
- Although you can also send money via telegraphic transfer, the most common and safest payment method is by cheque. It is recommended that you learn how to write cheque.
- Condominium construction usually takes three years. Some properties that are integrated with commercial facilities may take 4 to 5 years.
- Property construction is carried out in accordance with local regulations and standards, so Japan regulations and construction standards cannot be applied. In general, it is not possible to achieve the same level of perfection as in Japan.
- For newly built properties, the strata title(individual title) registration can be done in 1 to 3 years after the property is completed and delivered. It is possible to resell the property without the strata title.
- For sub-sale property that has already been issued with a strata title, the new owner’s name will appear in the strata title in 3 to 6 months.
- For used properties for which a register has already been issued, it will take 3 to 6 months for the register to appear in the name of the new owner.
- Resell is not allowed for a newly built property that is under construction period. After completion, you can resell it at any time. Sub-sale properties can be resold at any time.