Guidebook on Registering Property in Malaysia.pdf
Guidebook on Registering Property in Malaysia.pdf
Guidebook on Registering Property in Malaysia.pdf
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GUIDEBOOK <strong>on</strong> REGISTERING PROPERTY <strong>in</strong> MALAYSIA3 C<strong>on</strong>clusi<strong>on</strong>The <strong>in</strong>itiatives taken have resulted <strong>in</strong> the follow<strong>in</strong>g c<strong>on</strong>t<strong>in</strong>uous improvements across all governmentagencies <strong>in</strong>volved as stated <strong>in</strong> Diagram 5 (pages 18 & 19):• Durati<strong>on</strong> of the transfer of property generally takes 2 work<strong>in</strong>g days for Standard <strong>Property</strong>;• Simplified procedures via <strong>on</strong>l<strong>in</strong>e system;• Easy track<strong>in</strong>g and traceability of the status of stamp<strong>in</strong>g process;• Cost efficient; and• Integrity of the system enhanced.Further to the improvements made, Stamp Office / RSC has embarked <strong>on</strong> enhanc<strong>in</strong>g STAMPSto further improve the stamp<strong>in</strong>g process of <strong>in</strong>struments related to transfer of property.17The Land Office / Registry is mov<strong>in</strong>g towards simplified and standard forms for land relatedtransacti<strong>on</strong>s to be adopted by all states <strong>in</strong> <strong>Malaysia</strong>.This jo<strong>in</strong>t effort by the public and private sectors as well as experts <strong>in</strong> their respective fieldsc<strong>on</strong>tributed <strong>in</strong> improv<strong>in</strong>g the delivery system.
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