Property Law
CY Wong Ng & Partners is a distinguished legal firm based in Kuala Lumpur, specialising in Property Law. Our team of skilled professionals provides expert legal advisory services tailored to meet the diverse needs of our clients in the realm of real estate and property transactions. With a deep understanding of property law intricacies, we offer strategic advice and representation on various property-related matters, ensuring our clients’ rights and interests are protected.
In Malaysia, property law is governed by a set of legislations, including the National Land Code 1965 (Act 56 of 1965), the National Land Code (Penang and Malacca Tiles) Act 1963, the Sarawak Land Code Chapter 81 (1958 Edition), and the Sabah Land Ordinance (Sabah Cap. 68). These legislations establish the legal framework for property ownership, transactions, and land registration processes across the country.
Under the National Land Code 1965 (Act 56 of 1965), the Torrens system of title registration is implemented, mandating that all land dealings be registered to attain legal effectiveness. This system ensures transparency and security in property transactions, providing clear records of land ownership and encumbrances.
Properties in Malaysia are classified into different types of land titles, each with its own set of rights, obligations, and restrictions. Freehold titles grant perpetual ownership rights, allowing the landowner full control over the land without any time limitations. Leasehold properties, on the other hand, are owned by the state and leased to individuals or entities for a specified period, typically 30, 60, or 99 years. Renewal of leasehold titles can be done by paying a premium to the State Authority.
Malay Reserve Land is another classification, restricted to Bumiputeras and subject to similar lease terms as leasehold properties. Understanding these classifications is crucial when engaging in property transactions, as it impacts the rights and obligations of the landowner.
Additionally, other important land titles include the Master title, granted by the land office upon developer permission for project development, the Strata Title governed by the Strata Titles Act 1985 for high-rise properties, and the Individual Title for landed properties. Each title structure carries specific legal implications and requirements, which our legal professionals at CY Wong Ng & Partners are well-equipped to navigate.
Given the complexities involved in property transactions, seeking guidance from a legal practitioner with expertise in property law is essential. At CY Wong Ng & Partners, we are committed to providing our clients with comprehensive legal services to ensure their property transactions are conducted smoothly and efficiently while safeguarding their rights and interests.
Whether you are purchasing, selling, leasing, or developing property in Malaysia, our team is here to assist you every step of the way. Contact us today to schedule a consultation.