Walk in to any Mah Sing sales offices located at Klang Valley, Southern Region and Northern Region speak to our sales personnel who are happy to provide you with more information.Selection of Unit //
Select the available house type that you prefer at the appropriate price level.Booking of Unit//
Select the available house type that you prefer at the appropriate price level.
Assistance will be given in the application for a house loan from our panel of end-financiers.Execution of Sales & Purchase Agreement //
Execution of the Sales & Purchase Agreement must be done by our appointed solicitor upon settlement of the initial 10% down payment.Letter of Offer on Loan//
Upon approval of your loan, a Letter of Offer will be issued by the end-financier of which be accepted and acknowledged by you within 14 days.Letter of instruction to Execute the loan documents//
The solicitor will be instructed by the end-financier to prepare the loan documents for the purchaser’s execution.
Once the loan documents have been completed, the end-financier’s solicitor will advise the end-financier to release the outstanding progress payments to developer in accordance with the Architect’s Certificate issued upon completion if each stage of the construction.Progress Billing //
Billing will be done progressively either as when the Architect’s Certificates are issued upon completion of each stage of construction. The bank then releases the progress payment. If you are cash buyer, you will be billed directly.Final Billing & Handing Over of Vacant Possession //
Upon completion, VP of the said property can be delivered to you.
Mah Sing will release the keys to you upon full settlement of any outstanding payment.
Foreigner purchasers are required to apply approval from Foreign Investment Committee and State Authority for acquisition of property in Malaysia1. Who have to apply?
1.1 Foreign Investment Committee (“FIC”) guidelines defines:
‘Foreign interest’ means “any interest, associated group of interests or parties acting in concert which comprises:
1.2 Section 433B of the National Land Code 1965:
The FIC is a committee within the Economic Planning Unit of the Prime Minister’s Department, which amongst others, reviews and regulates the acquisitions by foreign interests of assets and interests in Malaysian companies and businesses.
2.1 FIC Guidelines
2.1.1 All property acquisition by foreign interest that do not require the approval of the Economic Planning Unit, Prime Minister’s Department but falls under the purview of the relevant Ministries and/or Government Departments as follows:
2.1.2 Acquisition of residential unit by foreign interest valued at RM500,000 and above. This acquisition, however, do not require the approval of the Economic Planning Unit, Prime Minister’s Department but falls under the purview of the State Authorities.
2.2 The following transactions requires FIC approval:
All property acquisition, except for residential units, that requires approval of the Economic Planning Unit, Prime Minister’s Department as follows:
Foreign interest is NOT ALLOWED to acquire:
2.4 Procedures on submission of FIC application
Each application must be accompanied by the following documents:
For more information, please log on to FIC website at http://www.epu.gov.my
4.1 Benefits (House purchase)
4.2 Procedure for Acquisition of Properties under MM2H
4.3 Documents Required
4.5 F.A.Q (Extracted from http://www.mm2h.gov.my/faq.php)
For more information, please log on to http://www.mm2h.gov.my