Cossette Chong & Foo Chambers

A straightforward sub-sale commonly allows three months for completion after the relevant commencement date, with an extension where agreed. Financing, redemption, state consent and title issues can affect timing.

Real Property Gains Tax is a tax that may apply to gains on a disposal of Malaysian real property or shares in a real property company. The applicable treatment depends on the disposer, acquisition date and current law.

Certain land dealings require prior approval from the relevant State Authority—for example because of a title restriction, foreign interest or other land category. The requirements and timing differ by state and transaction.

Form 14A, often called the Memorandum of Transfer, is the prescribed instrument used to transfer registered ownership of land or strata title under the National Land Code.