The Star Residences @ Gold Coast
Melbourne Square @ Southbank, Melbourne
Paragon @ Queen St Melbourne
Sierra @ Hawthorn, Melbourne
299 King @ Melbourne CBD
Rosslyn Apartments @ West Melbourne
Brightwood Monash @ Clayton

ESTATE AGENCY

Sale or Purchase Fees

(a) Land and Buildings - Maximum fee of 3%

(b) Fees for other services such as joint venture, sale of company, property swaps, etc. - Maximum fee of 3%

(c) Chattels including Plant and Machinery - 10 % of the proceeds

Minimum fee : As above, subject to a  minimum fee shall be RM1,000 per property.

The above scale applies to any sale or purchase by way of private treaty, tender or any other mode of disposal or acquisition.

For Sale and Marketing of projects by registered estate agents, the fees are to be agreed between the estate agent and the client.

The above scale of fees shall not apply to the sale of foreign properties in Malaysia or sale of Malaysian properties in foreign countries.


Letting Fees

Duration of Tenancy Maximum (Fee equivalent to)
Up to 3 years 1.25 months gross rental
Exceeding 3 years up to 4 years 1.50 months gross rental
Exceeding 4 years up to 5 years 1.75 months gross rental
Exceeding 5 years 1.75 months gross rental
Exceeding 5 years
(without option for renewal)
1.75 months gross rental
Exceeding 5 years
(with option for renewal)

1.75 months gross rental plus 0.25 months rental

for every additional year

Next 300,000,000 0.050%
Exceed 5000,000,000 0.004%


Minimum fee : As above subject to  a minimum fee of 1 month rental.

For tenancies less than one year, the fee may be calculated on a pro rata basis. The above scale shall not apply to serviced offices or apartments or any other premises of a similar nature.

Rent Reviews - 50 % of the fees chargeable under lettings

Additional Claims

(a) the cost of printing, plans, copies of documents, lithography, traveling (only where the distance between the estate agent’s office and the property is more than 40 km) and other expenses actually incurred;

(b) the cost of media advertisements, signboards, brochures and other promotional material.

Note : The above additional claims may not be incurred by the registered estate agent without the prior concurrence of the client.

 

VALUATION FEES

 

Property Value (RM) Tiered Rate
First 100,000 0.250%
Next 1,900,000 0.200%
Next 5,000,000 0.167%
Next 8,000,000 0.125%
Next 35,000,000 0.100%
Next 150,000,000 0.067%
Next 300,000,000 0.050%
Exceed 5000,000,000 0.004%

 

 

PROPERTY MANAGEMENT

An annual fee based on:

5.0% of the gross annual rent on the first RM30,000

3.0% of the gross annual rent on the residue up to RM 100,000

2.0% of the gross annual rent on the residue over RM 100,000


* The fee is applicable to each holding. The expression ‘holding’ as used here has the same meaning as defined in Section 2 of the Local Government Act 1976.

The expression ‘gross annual rent’ means the rents reserved or deemed to be reserved by the lease or lettings plus any incidental receipts collected or accounted for or both in the course of management.

Minimum fee : As above subject to a minimum fee of RM50 per month.

ADDITIONAL CLAIMS

In addition to the above, claims may be made for-

1.  The cost of printing, plans, copies of documents, lithography, traveling and other expenses actually incurred;

2.  A fee of RM 150 per hour or RM 800 per working day of 8 hours for negotiations, attendance at meetings with solicitors, consultants or   authorities;

3.  A fee of RM 200 per hour or RM 1,000 per working day of 8 hours for giving evidence before judicial bodies.

Note :

The fees stated in items (2) and (3) are chargeable for actual appearance at meetings or before judicial bodies. In the case of postponements, adjournments, etc. (where less than 24 hours notice is given), a minimum fee of RM 400 is chargeable if the meeting or judicial appearance is in the same town/city as the location of the practice and a minimum of RM 800 is chargeable if the meeting or judicial appearance is outside the location of the practice.