| 15/01/2007 |
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The economy is the broad
framework within which the property market functions and they
are broadly correlated. Any pursuit of insight into the Klang
Valley property market can only be had when placed within
the context within the overall performance of the economy. |
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Sale or Purchase
(a) Land and Buildings
(i) 2.75% on the first RM 500,000
(ii) 2 % on the residue over RM 500,000
(b) Chattels including Plant
and Machinery - 10 % of the proceeds
Minimum fee : As
above but may be subject to a maximum discount of 30% and
the minimum fee shall be RM1,000 per case. The above scale
applies to any sale or purchase by way of private treaty,
tender or any other mode of disposal or acquisition.
For Sales and Marketing of projects by registered estate
agents the fees is 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 sales of Malaysian properties
in foreign countries.
2. LETTINGS
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 |
Minimum fee :
As above, but may be subject to a maximum discount of 30
% or 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/apartments
or any other premises of similar nature.
3. Rent Reviews - 50 % of the fees chargeable under lettings
4. Additional Claims
In addition to the fees stated in items 1 to 3, claims may
be made for -
(a) the cost of printing, plans, copies of documents, lithography,
travelling (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 prior concurrence of the client.
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