PROGRESSIVE PAYMENT Calculation for:

Unit: #    Type:    Size:

Purchase Price*: RM   RM

Loan Tenure:     Interest Rate:     Loan to Value:    

* must fill

 

Progress Payment % of Pur Price Payment RM Monthly Instalment RM
[1] Immediately upon the signing of this agreement 10% -
(a) State Consent Fee for foreigner (RM20,000 or 2% of purchase price, whichever is higher) -
  Total Payable -
[2] Within twenty-one (21) working days after receipt by the Purchaser of the Vendor's written notice of the completion of:
(a) the work below ground level of the said Building comprising the said Parcel including foundation of the said Building 10%
(b) the structural framework of the said Parcel 15%
   
(c) the walls of the said Parcel with door and window frames placed in position 10%
(d) the roofing, electrical wiring, plumbing (without fittings), gas piping (if any) and internal telephone trunking and cabling to the said Parcel 10%
(e) the internal and external finishes of the said Parcel including the wall finishes 10%
(f) the sewerage works serving the said Building 5%
(g) the drains serving the said Building 2.5%
(h) the roads serving the said Buildng 2.5%
[3] On the date the Purchaser takes vacant possession of the said Parcel with water and electricity supply ready for connection 17.5%
[4] On the date the Purchaser takes vacant possession of the said Parcel as in item 3 and to be held by the Vendor's solicitors as stakeholder for payment to the Vendor within twenty-one (21) working days after the receipt by the Purchaser of the written confirmation of the Vendor's submission to and acceptance by the Appropriate Authority of the application for subdivision of the said Building or Land, as the case may be 2.5%
[5] On the date the Purchaser takes vacant possession of the said Parcel as in item 3 and to be held by the Vendor's solicitors as stakeholder for payment to the Vendor as follows: 5%
(a) two point five per centum (2.5%) at the expiry of eight (8) months after date the Purchaser takes vacant possesion of the said Parcel; and

(b) two point five per centum (2.5%) at the expiry of twenty-four (24) months after the date the Purchaser takes vacant possion of the said Parcel.

 

Other Payment(s) Description RM
[1] Stamp Duty or Memorandum of Transfer (MOT)
First RM100,000 (1%)
Subsequent up to RM500,000 (2%)
Subsequent onwards (3%)		 Payable upon notification of taking possesion of the said Parcel
[2] Sales And Purchase Agreement Legal Fees+
First RM150,000 (1%)
Subsequent up to RM1 million (0.70%)
Subsequent up to RM3 million (0.60%)
Subsequent up to RM5 million (0.50%)
Subsequent up to RM7.50 million (0.40%)		 Currently absorbed by developer (subject to changes without prior notice)++
[3] Stamping For Loan (0.5% of Loan Approved amount) Applicable if taking bank loan
[4] Loan Agreement Legal Fees+
First RM150,000 (1%)
Subsequent up to RM1 million (0.70%)
Subsequent up to RM3 million (0.60%)
Subsequent up to RM5 million (0.50%)
Subsequent up to RM7.50 million (0.40%)		 Applicable if taking bank loan
[5] Miscellaneous   500-1,500
note:
+ Subject to 6% Government Tax
++ Please call us to confirm status

 

    
Disclaimer:
While all reasonable care was undertaken to ensure accuracy of the information and calculation, the agent and his agency will not be held responsible for any discrepancy.