Conveyancing Fees For Property Transactions Up 25%
Iskandar Ismail, CEO, Malaysia Competition Commission
20-Jul-23 08:30
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A revision in the Solicitor’s Remuneration Order (SRO 2023) will allow lawyers to charge more for conveyancing transactions increasing the conveyancing fee from 1% to 1.25% effective July 15th. This will affect the sale and purchase of movable and immovable properties, financing and tenancies. Iskandar Ismail, CEO of the Malaysia Competition Commission tells us why MyCC think this will unfairly impact consumers.
Image by: Shutterstock
Produced by: Yeong Yeng Yee
Presented by: Keith Kam, Wong Shou Ning, Mark Tan
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Categories: property, Law/Activism, government
Tags: Solicitor’s Remuneration Order, property, government,